45-102. Interest; legal rate; exception.

Interest upon the loan or forbearance of money, goods or things in action shall be at the rate of twelve percent per annum for the period commencing on March 19, 1980, through August 31, 1983, and at the rate of six percent per annum commencing on September 1, 1983, on the unpaid principal balance, unless a greater rate, not exceeding the rate of interest provided in section 45-101.03, be contracted for by the parties.

Source:Laws 1879, § 2, p. 113; R.S.1913, § 3347; C.S.1922, § 2837; C.S.1929, § 45-104; Laws 1933, c. 85, § 2, p. 336; Laws 1941, c. 90, § 3, p. 345; C.S.Supp.,1941, § 45-102; Laws 1943, c. 108, § 2, p. 376; R.S.1943, § 45-102; Laws 1961, c. 17, § 3, p. 118; Laws 1963, c. 272, § 2, p. 819; Laws 1963, Spec. Sess., c. 8, § 5, p. 101; Laws 1963, Spec. Sess., c. 7, § 4, p. 90; Laws 1967, c. 276, § 2, p. 744; Laws 1975, LB 349, § 4; Laws 1980, LB 279, § 5.

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