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Financial Services Law Insights and Observations

North Dakota Grants Attorney General Power to Enforce Retail Installment Provisions

State Attorney General Enforcement Installment Loans

Consumer Finance

On March 12, the Legislative Assembly of North Dakota approved legislation H.B. 1346 amending the North Dakota Retail Installment Sales Act to grant enforcement authority to a state attorney or to the North Dakota Attorney General. Under the new law, the Attorney General has all powers provided under the Act, in addition to powers provided under the state’s Unlawful Sales or Advertising Practices law. The law as amended will be effective August 1, 2015.