off therecord

“We have been dealing with the attorneys at Ebeltoft . Sickler . Lawyers firm for 25 years. Their years of experience and diversified backgrounds enable them to resolve our issues very promptly. No matter where our issues arise across the country, we count on them for legal advice.”

Joe Rothschiller, President and COO,
Steffes Corporation

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Mar 03, 2015

"Did You Know" Series - Part I

We are happy to present the first installment of our "Did you know?" series, which will provide some basic information on different legal matters, and address some common misconceptions of the law we see in our practice.

Businesses often charge a finance charge of 1.5% monthly on past-due accounts, as allowed by North Dakota law. However, in order to be entitled to receive those charges, there are six specific pieces of information that must be in each invoice. A statement at the bottom of an invoice, delivery ticket, or load ticket merely stating that 1.5% will be charged on past due accounts is not sufficient, and, if challenged, will likely result in the Court denying finance charges. To make sure you receive the finance charges you are entitled to, make sure your invoices comply with North Dakota law.