North Dakota Century Code Title 13. Debtor and Creditor Relationship § 13-08-06. Issuance of license--Posting

1. Upon receipt of a complete application, the commissioner shall determine whether the qualifications prescribed under this chapter are satisfied. If the commissioner determines the qualifications are satisfied and approves the documents, the commissioner shall issue to the applicant a license to engage in the deferred presentment service business.

2. A licensee shall keep a notice conspicuously posted in the place of business of the licensee and shall provide the same notice to its customers in this state. This notice must include the license number and instructions for customers to look up the licensee on the nationwide multistate licensing system for license verification.

3. A license issued under this section is effective through the remainder of the fiscal year ending December thirty-first after the license's date of issuance unless earlier surrendered, suspended, or revoked under this chapter.