# North Dakota 47-16-39.1 - Interest on Late Royalty Payments - Simple or Compound?

**URL:** https://www.mineralrightsforum.com/t/north-dakota-47-16-39-1-interest-on-late-royalty-payments-simple-or-compound/65574
**Category:** Royalty Statements
**Created:** [March 23, 2022, 3:50am UTC](https://www.mineralrightsforum.com/t/north-dakota-47-16-39-1-interest-on-late-royalty-payments-simple-or-compound/65574 "2022-03-23T03:50:11Z")
**Posts on this page:** 2
**Page:** 1

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### Author: ![Prefer\_Anonymous](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/57b2e6/32.png) [@Prefer\_Anonymous](https://www.mineralrightsforum.com/u/Prefer_Anonymous)
#### Post date: [March 23, 2022, 3:50am UTC](https://www.mineralrightsforum.com/t/north-dakota-47-16-39-1-interest-on-late-royalty-payments-simple-or-compound/65574/1 "2022-03-23T03:50:12Z")

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Hi, Folks,

Are operators required to pay _compound_ or only _simple_ interest on late royalty payments? An operator is several years late on some royalty payments and it has calculated the interest based on simple interest. If they are required to pay compound interest (i.e., “interest on interest”), is there a court case or state regulation you could refer me to that makes that clear? It makes a worthwhile difference in my case. Thanks.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 21, 2022, 3:50am UTC](https://www.mineralrightsforum.com/t/north-dakota-47-16-39-1-interest-on-late-royalty-payments-simple-or-compound/65574/2 "2022-06-21T03:50:24Z")

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