Full disclosure required

In all dealings between a borrower and a money broker, the money broker is charged with a duty to fully and fairly inform the prospective borrower of all liabilities, costs, and other financial obligations that can or will be incurred by the borrower if the borrower uses the services of the money broker. History: Effective February 1, 1984. General Authority: NDCC 13-04.1-01 Law Implemented: NDCC 13-04.1-06