The interest will begin to accrue on the unpaid balance from the date of termination of employment. If employment in North Dakota is terminated before the loan is canceled, the applicable interest rate will be the rate designated on the signed note.
N.D. Admin Code 54-04.1-04-03
General Authority: NDCC 43-12.1-08
Law Implemented: NDCC 43-12.1-08(2)(g)