Payment Plan Math in North Dakota
2 min read
Published July 14, 2026 • By DocketMath Team
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Quoted from the source law itself. Not legal advice; confirm how it applies to your matter.
Current verified answer
North Dakota payment-plan-math: interest rate is 5; max contract rate is 18.
Run the planAuthority and key facts
- Interest Rate: 5
- Max Contract Rate: 18
- Max Penalty Rate: 20
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.
Payment Plan Math in North Dakota
Under North Dakota law, the maximum interest rate for a written payment plan is set by statute at 5%. This limit is established in N.D. Cent. Code § 47-14-05, which governs the legal rate of interest on contracts or agreements that do not specify a different rate. The rule applies to any payment plan that lacks an expressly agreed-upon interest rate, capping the charge at the statutory figure. The law does not dictate a specific formula for how this rate applies to installment calculations; instead, the official source provides the framework for determining the applicable rate. A worked example demonstrating the calculation appears below. For an estimate tailored to your specific payment plan terms, use the DocketMath calculator.
Governing authority
In North Dakota, the payment plan math rule is set by N.D. Cent. Code § 47-14-05. The verified packet cites N.D. Cent. Code § 47-14-05 (https://ndlegis.gov/cencode/t47c14.pdf).
North Dakota payment plan math: the verified value is 5% under N.D. Cent. Code § 47-14-05. The verified packet cites N.D. Cent. Code § 47-14-05 (https://ndlegis.gov/cencode/t47c14.pdf).
Estimate your own result: every situation has exceptions that can change the outcome. Use the payment plan math calculator to estimate your specific figure.
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.