LAW-Alert-North Dakota-1024

Please note the following updates to the North Dakota LAW F&I Library®:

Conditional Delivery Agreement - Purchase (New form name)

The new form number is LDJ-0303P(2P)24. It replaces the LDJ-0303P(2P)19. The new form includes, among others, the following updates:

New 7/24 revision date
Name change to Conditional Delivery Agreement - Purchase (previously Limited Right to Cancel - Purchase)
Added fields to document Salesperson and Deal Number

Conditional Delivery Agreement - Lease (New form name)

The new form number is LDJ-0303L(2P)24. It replaces the LDJ-0303L(2P)19. The new form includes, among others, the following updates:

New 7/24 revision date
Name change to Conditional Delivery Agreement - Lease (previously Limited Right to Cancel - Lease)
Expanded Vehicle Description section to add fields for mileage and stock number

Lien Payoff Authorization & Release

The new form number is PAYOFF-RELEASE24. It replaces the PAYOFF-RELEASE19. The new form includes, among others, the following updates:

New template with a 6/24 revision date
Expanded scope of form to include both trade-in transactions and dealer purchase transactions
Provides a description of the lien payoff process and the owner's financial responsibility

Arbitration Agreement

The LAW-ARB4P8/22 form has been approved for use in North Dakota.

Dealers will need to consult with their DMS provider regarding reprogramming requirements for new or updated documents.

You can place orders for the most recent version of any LAW document through our online portal ReySource, by contacting your Document Services Consultant, or calling 1.800.344.0996.

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The BANKERS SYSTEMS® mark is owned by Wolters Kluwer Financial Services, Inc. and is used with permission by license. Wolters Kluwer Financial Services, Inc. bears no responsibility or liability with respect to the forms provided.