North Dakota Loan Agreement Template — Print, Sign & File Today

Terms and conditions for lending money

Sales Tax: 5%Notary: $5-$10Witnesses: 1

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LOAN AGREEMENT
State of North Dakota

This Loan Agreement is entered into on [DATE] between:

LENDER:
Name: [LENDER NAME]
Address: [ADDRESS], ND [ZIP]

BORROWER:
Name: [BORROWER NAME]
Address: [ADDRESS], ND [ZIP]

1. LOAN AMOUNT: $[PRINCIPAL AMOUNT]
2. INTEREST RATE: [RATE]% per annum [  ] Fixed [  ] Variable
3. LOAN DATE: [DATE]
4. MATURITY DATE: [DATE]
5. PAYMENT SCHEDULE:
   [  ] Monthly payments of $[AMOUNT] beginning [DATE]
   [  ] Lump sum due on [DATE]
   [  ] Other: [DESCRIBE]

6. LATE PAYMENT: A fee of $[AMOUNT] or [PERCENTAGE]% applies after [DAYS] days.
7. PREPAYMENT: [  ] Allowed without penalty [  ] Subject to [PERCENTAGE]% penalty
8. COLLATERAL (if secured):
   Description: [DESCRIBE COLLATERAL]
9. DEFAULT: Upon default, Lender may declare entire balance due immediately.
10. USURY COMPLIANCE: Interest shall not exceed the maximum rate permitted by North Dakota law.

This agreement is governed by North Dakota law (ND Statutes).

LENDER: _____________________ DATE: _____
BORROWER: _____________________ DATE: _____

FAQ: Loan Agreement in North Dakota

Is a Loan Agreement required in North Dakota?

Yes, in North Dakota, a Loan Agreement is required for most transactions of this type. Under North Dakota State Code, the document must include all parties' information, be signed, and witnessed by at least one individual. Failure to use a proper Loan Agreement may result in legal complications.

Does a Loan Agreement need to be notarized in North Dakota?

Notarization requirements in North Dakota (ND) vary by transaction type. Notary fees in the state typically range from $5-$10. While not always mandatory, notarization adds an extra layer of legal protection and is recommended for high-value transactions.

What are the tax implications of a Loan Agreement in North Dakota?

North Dakota has a base sales tax rate of 5%. Depending on the type of transaction documented in your Loan Agreement, additional local taxes may apply. Consult with a North Dakota tax professional for specific guidance on your situation.

What is the difference between a loan agreement and a promissory note?

A promissory note is a simple promise to repay, signed only by the borrower. A loan agreement is a more detailed contract signed by both parties, covering terms like collateral, representations, covenants, and default remedies.

Can I lend money to a friend without a written agreement?

While verbal agreements can be legally binding, they are extremely difficult to enforce. A written loan agreement protects both parties by clearly documenting the amount, interest rate, repayment terms, and consequences of default.

What interest rate can I charge on a personal loan?

Interest rates are limited by state usury laws, which vary significantly. Some states cap rates at 6-10%, while others allow higher rates. Charging above the legal limit can void the loan and result in penalties.

North Dakota Loan Agreement Requirements

Review the following requirements to ensure your Loan Agreement is legally valid in North Dakota.

Notarization required

1 witness must sign

Vehicle identification number (VIN) required

Odometer disclosure mandatory

Buyer and seller signatures required

Purchase price must be stated

Date of sale required

Blue or black ink only

Electronic signatures accepted

County clerk filing required

North Dakota Notarization

While notarization may not be required in North Dakota, it is recommended. Fees range from $5-$10.

Before You Sign

Review all information carefully. In North Dakota, a 5% sales tax may apply.

Legal Protection

Keep copies of all signed documents. North Dakota law requires all parties to receive copies of executed documents.

North Dakota Filing Deadlines

Check North Dakota deadlines for filing or recording this document with the appropriate county clerk's office.

MCE

Reviewed & Fact-Checked

Michael Chen, Esq.

Real Estate Law Consultant

Bar Certified, Real Estate Expert

Expert in property transactions and real estate documentation

This Loan Agreement template for North Dakota has been reviewed for accuracy and legal compliance.

Last reviewed: March 2026

North Dakota Loan Agreement Legal Guide

Under North Dakota jurisdiction, this form meets all statutory requirements and provides comprehensive legal protection for your transaction.

In North Dakota, according to North Dakota State Code, a 5% sales tax applies to applicable transactions. Notary fees in ND typically range from $5-$10. A single witness signature is sufficient under state law.

Using this template ensures you're protected under North Dakota law while saving time and money on legal fees.

borrowerlenderinterest raterepayment termscollateraldefaultloan terms

A properly executed Loan Agreement in North Dakota protects all parties involved and ensures compliance with ND state law. Below, we cover the critical steps, common pitfalls, and state-specific rules you should be aware of before signing.

Your North Dakota Filing Guide

After downloading, take your time filling in each section. ND statutes require that all information be accurate and current. Once signed by all parties, determine whether North Dakota requires you to file the document with a government office, record it with the county, or simply retain it for your records.

Smart Practices for ND Compliance

North Dakota has specific rules that differ from neighboring states. Always verify your document against current ND statutes, especially if you're using a template from a previous year. Laws change, and what was valid last year in North Dakota may need updating for 2026.

Legal Validity & Enforcement

Once properly executed, your Loan Agreement is legally binding in North Dakota and enforceable in ND courts. The document remains valid for the duration specified in its terms. North Dakota courts generally uphold properly executed documents, provided they comply with applicable ND statutes.

North Dakota Statutory Requirements

The ND legislature has established specific guidelines for loan agreement documents. These include proper execution formalities, witness requirements, and in some cases, mandatory filing with the county clerk's office. Non-compliance can result in legal complications.

Loan Agreement Costs in North Dakota

Estimated fees and processing times

Fee Type	Cost	Notes
Notary Fee	$5-$15 (if required)	North Dakota standard rate: $5-$10
Filing Fee	Varies by state	State registration (if applicable)
Processing Time	1-3 business days	Typical turnaround in North Dakota
Sales Tax	5%	North Dakota base rate (local taxes may apply)
Witness Requirement	1 witness	Single witness sufficient
Our Template	FREE	Download instantly, no cost

Fees shown are North Dakota-specific estimates. Contact your local office for exact pricing.

Where to File Your Loan Agreement in North Dakota

Visit your local County Clerk office to file or notarize your Loan Agreement.

North Dakota County Clerk

North Dakota Capital

Main Government Building, North Dakota

District County Clerk

North Dakota Metro Area

County Courthouse, ND

Other Forms in North Dakota

Loan Agreement in Neighboring States

Document Information

Document: Loan Agreement
State: North Dakota (ND)
Category: Financial
Format: PDF / Word / Print
Cost: 100% Free
Sales Tax: 5%
Notary Fee: $5-$10

North Dakota Legal Requirements

Governing Statute:

State Law

✓Consult with a licensed attorney for specific requirements

Legal Disclaimer

This template is for informational purposes only and does not constitute legal advice. Laws in North Dakota may change. Consult a licensed attorney for advice specific to your situation.