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North Dakota Century Code Title 51. Sales and Exchanges § 51-07-28.1. Tracking devices on motor vehicles--Disclosure--Removal--Penalty

Current as of January 01, 2024 | Updated by Findlaw Staff

1. A lender may not require a person to install or maintain a global tracking or positioning system or device on a motor vehicle for the purpose of locating or tracking the vehicle to repossess the vehicle in case of loan default, unless:

a. The lender includes within the financing contract, in a clear and conspicuous manner, information on the installation or placement of the system or device;

b. The system or device is installed at no cost to the buyer; and

c. The system or device is removed within sixty days of the loan for the motor vehicle being paid in full at:

(1) The expense of the seller or lender; and

(2) A location agreed upon by the seller or lender and buyer.

2. A lender that violates this section is subject to a fine of not more than five hundred dollars. In the case of a second or subsequent violation of this section, the lender is subject to a fine of not less than one thousand dollars nor more than two thousand dollars.

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Cite this article: FindLaw.com - North Dakota Century Code Title 51. Sales and Exchanges § 51-07-28.1. Tracking devices on motor vehicles--Disclosure--Removal--Penalty - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-51-sales-and-exchanges/nd-cent-code-sect-51-07-28-1/

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