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North Dakota Small Loan Businesses, Referendum 5 (1960)

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The North Dakota Small Loan Businesses Referendum, also known as Referendum 5, was on the June 28, 1960 ballot in North Dakota as a legislatively-referred state statute, where it was approved.[1][2] The measure authorized small loan business to lend amounts of $1,000 or less. It also prescribed the maximum rate of interest which could be charged. It additionally established a system for licensing and regulating such small loan businesses.[3]

Election results

North Dakota Referendum 5 (1960)
Approveda Yes 109,225 72.75%

Election results via: Legislative Manual, Official Vote of North Dakota Primary Election, 1960

Text of measure

The full text of the ballot measure can be read here.

See also

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