North Dakota Century Code Title 13. Debtor and Creditor Relationship § 13-04.1-04.2. Minimum net worth required

1. Minimum net worth must be maintained in the amount of twenty-five thousand dollars.

2. If the net worth of a licensee falls below the minimum net worth set forth in subsection 1, the licensee shall provide a plan, subject to the approval of the commissioner, to increase the licensee's net worth to an amount in conformance with this section. Submission of a plan under this section must be made within twenty business days of a notice from the commissioner which states the licensee is not in compliance with subsection 1. If the licensee does not submit a plan under this section, fails to comply with an approved plan, or has repeated violations of subsection 1, the commissioner may revoke the license.