N.D. Cent. Code § 13-05-06.5

Current through the 2023 Legislative Sessions

Section 13-05-06.5 - Credit card payment

A collection agency may collect or attempt to collect, in addition to the principal amount of a claim, a transaction fee for processing a credit card payment in an amount that does not exceed two and one-half percent of the payment amount if:

1. The transaction fee is not prohibited under section 13-05-02.2;

2. A no-cost payment option is available to the debtor; and

3. The collection agency discloses the no-cost option to the debtor at the same time and in the same manner as the debtor's credit card information is taken.

N.D.C.C. § 13-05-06.5

Added by S.L. 2019, ch. 124 (HB 1204),§ 2, eff. 8/1/2019.