Annual rate when not specified

N.D. Cent. Code § 47-14-06
in effect
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47-14-06. Annual rate when not specified When a rate of interest is prescribed by a law or contract without specifying the period of time by which such rate is to be calculated, it shall be deemed an annual rate.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t47c14.pdf#nameddest=47-14-06Fetched: 10/16/2026