North Dakota’s payday framework allows no more than $500 in actual proceeds, while total outstanding payday obligations may not exceed $600. The statewide cap matters when considering another loan: compare your existing balance and fees with the aggregate amount, rather than looking only at the new cash proceeds. The regulator says a licensee cannot make another loan once the borrower already owes $600 in covered payday obligations.
The Department says the fee may not exceed 20% of the amount paid to the customer. On $100 of proceeds, that means up to $20 in fee, plus only the permitted database registration charge if applicable. The fee is distinct from the amount advanced; review the agreement to see the proceeds, fee, payment date, and any database charge as separate items.
North Dakota requires a license for deferred-presentment services when the customer is located in the state, including covered electronic repayment arrangements. Check the provider through the Department’s non-depository resources and use its complaint form if a lender’s license or transaction terms are in question. A payday loan cannot be secured by property or a vehicle title under the Department’s cited rule.
Official reference: North Dakota Department of Financial Institutions — Non-Depository FAQ. Checked November 11, 2026.