Permitted Regulated Verified 2026-09-07 · ver. 0.2.3 How we verify these rules

Payday Loans in North Dakota

North Dakota permits licensed deferred-presentment transactions with cash disbursement up to $500, aggregate outstanding obligations up to $600, a fee capped at 20% of the amount paid to the customer, and at most one renewal within a 60-day total deferral period.

North Dakota legal category: Deferred Presentment Service Transaction · North Dakota Century Code Chapter 13-08 — Deferred Presentment Service Providers

North Dakota payday loans at a glance

Legal status
Permitted Regulated
Legal category
Deferred Presentment Service Transaction
Maximum amount in this regime
$500
Term
Up to 60 days
Regulator
North Dakota Department of Financial Institutions
Verified
2026-09-07

Choose a loan type by amount

PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.

$200–$500 Current guide

Payday Loans in North Dakota

Editorial payday route within North Dakota’s $500 cash-disbursement ceiling.

$500–$5,000

Installment Loans in North Dakota

Editorial installment route. Loan-specific term and fee rules depend on amount and contract.

See Installment Loans

Amount and term limits

A licensee may not disburse more than $500 to the customer in a deferred-presentment transaction. A customer’s aggregate outstanding obligations to the same or any other licensee may not exceed $600.

The maximum total period of deferral, including the one permitted renewal, may not exceed 60 calendar days. An individual renewal period may not be less than 15 days.

Interest, fees and repayment

North Dakota caps the transaction fee at 20% of the amount disbursed rather than expressing the rule as one annual interest ceiling.

The deferred-presentment fee may not exceed 20% of the amount paid to the customer; a database registration fee limited to the licensee’s cost may also apply.

The transaction is ordinarily collected at maturity. One renewal is allowed, and the statute also permits a workout agreement in specified circumstances.

Rollovers, refinancing and early payment

Rollover allowed?
Yes
A licensee may not renew a deferred-presentment transaction more than once. The renewal fee may not exceed 20% of the amount renewed, the renewal period must be at least 15 days, and total initial-plus-renewal deferral may not exceed 60 days.
Prepayment penalty allowed?
Not reduced to a yes/no rule
No separate universal prepayment-penalty flag is encoded for deferred-presentment transactions from the cited chapter.

North Dakota borrower protections

  • Cash disbursement may not exceed $500.
  • Aggregate outstanding deferred-presentment obligations across licensees may not exceed $600.
  • The transaction fee may not exceed 20% of the amount paid to the customer.
  • Only one renewal is permitted; the total initial-plus-renewal deferral may not exceed 60 calendar days.
  • A new transaction generally may not be entered within three business days after completion of the previous transaction.

North Dakota loan cost calculator

Why there is no single statutory calculator: North Dakota combines a cash-disbursement cap, aggregate-obligation cap, one-renewal structure, transaction fee and database fee. No new dedicated calculator is needed.

How to verify a lender in North Dakota

Regulator: North Dakota Department of Financial Institutions.

Deferred Presentment Service Provider license

Verify a lender license

Official sources

  1. North Dakota Century Code Chapter 13-08 — Deferred Presentment Service Providers · primary
  2. North Dakota DFI — Non-depository FAQ · primary

Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.