Statutes, codes, and regulations
North Dakota Century Code
Title 13 - DEBTOR AND CREDITOR RELATIONSHIP
Chapter 13-01.1 - INTEREST ON DELINQUENT ACCOUNTS
Section 13-01.1-03 - Interest must compound

N.D. Cent. Code § 13-01.1-03

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Current through the 2023 Legislative Sessions
Section 13-01.1-03 - Interest must compound

Any interest which remains unpaid at the end of any forty-five-day period or which remains unpaid at the end of any specified period provided by contract must be added to the principal amount of the debt and must thereafter accumulate interest.

N.D.C.C. § 13-01.1-03