ND HB1233

Reduces the maximum fee for deferred presentment service (payday loans) from twenty percent to ten percent of the amount paid to the customer.

Reduces the maximum renewal fee from twenty percent to ten percent of the amount being renewed.

Establishes a class A misdemeanor penalty for licensees or their agents who willfully violate the payday loan regulations.

Maintains existing requirements including the $500 maximum loan amount, $600 aggregate outstanding obligation limit, one-renewal-only restriction, and 60-day maximum deferral period.