> This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

# Interest in North Dakota

In North Dakota, the legal rate of interest on a money judgment is 6% per year, as set by N.D. Cent. Code § 28-20-34. This statute applies to all judgments for the payment of money entered by a state court. The interest accrues from the date the judgment is entered until it is fully satisfied. The rate is fixed by statute and does not fluctuate with market conditions. The law does not specify a compounding method, so interest is calculated as simple interest on the principal amount. The official source provides the complete text of the rule, including any applicable exceptions. To estimate the interest on a specific judgment, use the DocketMath calculator, which applies the statutory rate to your case.

## Interest calculation example

For a North Dakota this interest calculation, use the verified rate from the current rule packet: **6%**. The verified packet cites N.D. Cent. Code § 28-20-34 (https://ndlegis.gov/cencode/t28c20.pdf).

Example inputs:
- Principal: $10,000
- Days in calculation period: 365

Calculation:
- Convert the rate to a decimal: 6% = 0.06
- Multiply principal by the rate and the day fraction.
- Example interest: **$600.00**

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

## Interest calculation example

For a North Dakota this interest calculation, use the verified rate from the current rule packet: **6%**. The verified packet cites N.D. Cent. Code § 28-20-34 (https://ndlegis.gov/cencode/t28c20.pdf).

Example inputs:
- Principal: $10,000
- Days in calculation period: 365

Calculation:
- Convert the rate to a decimal: 6% = 0.06
- Multiply principal by the rate and the day fraction.
- Example interest: **$600.00**

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

**Estimate your own result:** every situation has exceptions that can change the outcome. Use the interest calculator to estimate your specific figure.

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_This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction._


In North Dakota, the legal rate of interest on a money judgment is 6% per year, as set by N.D. Cent. Code § 28-20-34. This statute applies to all judgments fo

Interest in North Dakota

ANO-831 surgery 2026-04-24: removed prime-rate formula (Oklahoma transplant), removed fabricated § 28-20-34(2)/(3) sub-rules (no PI/WD exemption, no 30-day grace), corrected § 47-14-04 mis-citation (penalty), removed fabricated § 32-03-09/§ 32-03-17 ERISA quotes (replaced with 28 U.S.C. § 1961), removed nonexistent escrow § 47-14-09 statute, fixed security-deposit citation to § 47-16-07.1. ND judgment rate is 6% legal under § 47-14-05 (per § 28-20-34 referral); ND does NOT use prime+3% formula.

(3) by a participant , beneficiary, or fiduciary (A) to enjoin any act or practice which violates any provision of this subchapter or the terms of the plan, or (B) to obtain other appropriate equitable relief (i) to redress such violations or (ii) to enforce any provisions of this subchapter or the terms of the plan;

(c) (1) This section shall not apply in any judgment of any court with respect to any internal revenue tax case. Interest shall be allowed in such cases at the underpayment rate or overpayment rate (whichever is appropriate) established under section 6621 of the Internal Revenue Code of 1986 . (2) Except as otherwise provided in paragraph (1) of this subsection, interest shall be allowed on all final judgments against the United States in the United States Court of Appeals for the Federal circuit , [2] at the rate provided in subsection (a) and as provided in subsection (b). (3) Interest shall be allowed, computed, and paid on judgments of the United States Court of Federal Claims only as provided in paragraph (1) of this subsection or in any other provision of law.

Interest for any legal indebtedness must be at the rate of six percent per annum unless a different rate not to exceed the rate specified in section 47-14-09 is contracted for in writing. Unless otherwise agreed by the parties in writing, all contracts must bear the same rate of interest after maturity as they bear before maturity. A charge for a late payment penalty may be imposed only if the amount of the late charge or the method of calculation of the late charge has been agreed to by the parties in the loan documents that are signed by the borrower.

Interest is payable on judgments entered in the courts of this state at the same rate as is
provided in the original instrument upon which the action resulting in the judgment is based,
which rate may not exceed the maximum rate provided in section 47-14-09. If such original
instrument contains no provision as to an interest rate, or if the action resulting in the judgment
was not based upon an instrument, interest is payable at the rate of twelve percent per annum
through December 31, 2005. Beginning January 1, 2006, the interest is payable at a rate equal
to the prime rate published in the Wall Street Journal on the first Monday in December of each
year plus three percentage points rounded up to the next one-half percentage point and may not
be compounded in any manner or form. On or before the twentieth day of December each year,
the state court administrator shall determine the rate and shall transmit notice of that rate to all
clerks of court and to the state bar association of North Dakota. As established, the rate shall be
in effect beginning the first day of the following January through the last day of December in
each year. Except as otherwise provided in this section, interest on all judgments entered in the
courts of this state before January 1, 2006, must remain at the rate per annum which was
legally prescribed at the time the judgments were entered, and such interest may not be
compounded in any manner or form. Interest on unpaid child support obligations must be
calculated under section 14-09-25 according to the rate currently in effect under this section
regardless of the date the obligations first became due and unpaid.

Except as otherwise provided by the laws of this state, a person, either directly or indirectly, may not take or receive, or agree to take or receive, in money, goods, or things in action, or in any other way, any greater sum or greater value for the loan or forbearance of money, goods, or things in action than five and one-half percent per annum higher than the current cost of money as reflected by the average rate of interest payable on United States treasury bills maturing in six months in effect for North Dakota.

47-16-07.1. Real property and dwelling security deposits - Limitations and requirements. 1. The lessor of real property or a dwelling who requires money as a security deposit, however denominated, shall deposit the money in a federally insured interest-bearing savings or checking account for the benefit of the tenant. The security deposit and any interest accruing on the deposit must be paid to the lessee upon termination of a lease, subject to the conditions of subsection 2. A lessor may not demand or receive security, however denominated, in an amount or value in excess of one month's rent, except:

Interest is payable on all judgments recovered in the courts of this state at the same rate of interest as is provided in the original contract upon which the action resulting in the judgment was based, which rate may not exceed the maximum rate provided in section 47-14-09, or in all other cases at the rate provided in section 47-14-05.

interest in US-ND is governed by N.D. Cent. Code § 28-20-34.

Interest in North Dakota

Current verified answer

Authority and key facts

Interest in North Dakota

Interest calculation example

Interest calculation example