What Creditors Can't Take in North Dakota
Money, home and vehicle exemptions that protect your property from creditors in North Dakota.
Short answer: No separate bank account exemption. A head of a family may select up to $7,500 of other personal property, including money, as exempt; an unmarried person without dependents may select up to $3,750. N.D.C.C. 28-22-03, 28-22-05, 28-22-03.1(8)
| Money protected in a bank account | No separate bank account exemption. A head of a family may select up to $7,500 of other personal property, including money, as exempt; an unmarried person without dependents may select up to $3,750. Exempt benefits such as Social Security keep their protection. |
|---|---|
| Homestead exemption | $150,000 in value over liens and encumbrances, covering the land the owner lives on and the dwelling. A resident who does not claim the homestead may instead claim up to $25,000 in lieu of the homestead exemption. In-lieu exemption: https://ndlegis.gov/cencode/t28c22.pdf |
| Vehicle exemption | One motor vehicle up to $10,000 in value over security interests and liens, or up to $50,000 for a vehicle modified at a cost of at least $1,500 for an owner with a permanent physical disability. Source: N.D.C.C. 28-22-03.1(2) |
| Bankruptcy exemptions | North Dakota has opted out of the federal bankruptcy exemptions; residents must use North Dakota exemptions. Source: N.D.C.C. 28-22-17 |
Where to get help in North Dakota
- North Dakota Department of Financial Institutions (licenses and regulates collection agencies)
- File a complaint or claim
More North Dakota debt & collections
- Statute of Limitations on Debt in North Dakota
- Wage Garnishment in North Dakota
- How to Respond to a Debt Collection Lawsuit in North Dakota
- All North Dakota debt & collections rules
FAQ
How much money in a bank account is protected from creditors in North Dakota?
No separate bank account exemption. A head of a family may select up to $7,500 of other personal property, including money, as exempt; an unmarried person without dependents may select up to $3,750. Exempt benefits such as Social Security keep their protection.
What is the homestead exemption in North Dakota?
$150,000 in value over liens and encumbrances, covering the land the owner lives on and the dwelling. A resident who does not claim the homestead may instead claim up to $25,000 in lieu of the homestead exemption.
Can a creditor take my car in North Dakota?
One motor vehicle up to $10,000 in value over security interests and liens, or up to $50,000 for a vehicle modified at a cost of at least $1,500 for an owner with a permanent physical disability.
Which bankruptcy exemptions can I use in North Dakota?
North Dakota has opted out of the federal bankruptcy exemptions; residents must use North Dakota exemptions.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.