Bond discount
N.D. Cent. Code § 4.1-58-13
in effect4.1-58-13. Bond discount
1. The licensee may request a bond reduction based upon the licensee's conversion
policy.
a. The required bond is reduced by thirty percent for a licensee that establishes and
follows a conversion policy approved by the commissioner of ten days or fewer.
b. The required bond is reduced by fifteen percent for a licensee that establishes
and follows a conversion policy approved by the commissioner of eleven to
twenty-one days.
2. A reduction under this section may not be used to reduce the required bond below the
minimum bond set in law.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t04-1c58.pdf#nameddest=4p1-58-13Fetched: 10/16/2026