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“We have worked with the attorneys at Ebeltoft Sickler for several years on our extensive real estate matters in North and South Dakota. They are knowledgeable and thorough, and provide us with the work we need when we need it.”

Eric Olsen, Vice President and General Counsel,
Great River Energy, Maple Grove, MN.

2017

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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.