This bill proposes the creation of a new section in chapter 37-14 of the North Dakota Century Code that establishes regulations regarding compensation for advising on veterans' benefits. It prohibits individuals from receiving compensation for referring veterans to others for assistance with their benefits, guaranteeing specific benefits, or charging excessive fees. Additionally, it mandates that any compensation arrangement must be documented in a written agreement, which includes a disclosure stating that the business is not affiliated with the U.S. Department of Veterans Affairs or other veterans' organizations, and that free services may be available elsewhere.

Furthermore, the bill outlines specific limitations for those seeking compensation for assisting veterans with initial claims for benefits, including restrictions on fees during a one-year presumptive period after active-duty release, prohibiting nonrefundable fees, and requiring background checks for individuals accessing veterans' personal information. Violations of these provisions are classified as unlawful practices and are subject to civil penalties. Overall, the bill aims to protect veterans from potential exploitation while seeking assistance with their benefits.