No provision of this chapter applies to a retail installment sale of personal property if:

Terms Used In North Dakota Code 51-13-06.2

  • Personal property: All property that is not real property.
  • Personal property: includes money, goods, chattels, things in action, and evidences of debt. See North Dakota Code 1-01-49
  • Property: includes property, real and personal. See North Dakota Code 1-01-49

1.    The cash price of the personal property exceeds twenty-five thousand dollars; or

2.    The personal property is to be used primarily for a business, commercial, or agricultural purpose, not a personal, family, or household purpose.