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Two different claims. The first means a person traced every figure on this page to the regulator, the statute or a court — each one cited inline, click any marker to open the source. The second is automated: our monitor confirms daily that those sources still resolve and still contain the text we cite them for. Only a person moves the first. Only the monitor moves the second.
Permitted and licensed by the Department of Financial Institutions — which states clearly that it does not regulate federally chartered banks or credit unions.
North Dakota’s Department of Financial Institutions licenses and regulates Deferred Presentment Service Providers, along with money brokers, collection agencies and debt settlement providers.North Dakota · RegulatorNorth Dakota Department of Financial Institutions — the Department licenses and regulates Money Brokers, Mortgage Loan Originators and Servicers, Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers and Money Transmitters conducting business in North Dakota
The Department also says plainly what it does not cover: federally chartered banks and credit unions. If your lender is federally chartered, state licensing rules do not reach it — which is the gap the bank-partnership model exploits everywhere.
The maximum loan amount, fee cap and term limits are not yet traced to the North Dakota statute on this page. The regulator and its scope are confirmed; the numbers are not. We will complete this and re-date the page.
You can revoke authorisation and instruct your bank to stop the payment, whatever your agreement says.
What Regulation E says about automatic payments →
A payday loan is a consumer debt. If it goes unpaid, two North Dakota rules decide what a lender can do next: how long it has to sue you, and how much of your pay a court can order taken.
Being sued over an old payday loan? A collector can still file, but the time limit is a defence you can raise — and you cannot be jailed for the debt. What can and cannot happen if you don’t pay →