North Dakota Code 57-38.3-07 – Finalization
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Upon final determination of the amount of the debt due and owing by means of the procedures provided by section 57-38.3-06 or by the taxpayer’s default through failure to comply with section 57-38.3-05, mandating timely request for review, the claimant agency shall remove the amount of the debt due and owing from the escrow account and shall credit such amount to the debtor’s obligation.
Terms Used In North Dakota Code 57-38.3-07
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.