Interest on loans may be deducted in advance - Limitation

N.D. Cent. Code § 47-14-08
in effect
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47-14-08. Interest on loans may be deducted in advance - Limitation The interest which would become due at the end of the term for which a loan is made, not exceeding one year's interest in all, may be deducted from the loan in advance if the parties thus agree.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t47c14.pdf#nameddest=47-14-08Fetched: 10/16/2026

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