Nebraska Revised Statute 45-1003
- Revised Statutes
- Chapter 45
- 45-1003
Chapter 45
45-1003.
Installment loans; financial institution ineligible; license required, when.
No financial institution is eligible for a license or to make loans under the Nebraska Installment Loan Act.
A license shall be required for any person that is not a financial institution who, at or after the time a loan is made by a financial institution, markets, owns in whole or in part, holds, acquires, services, or otherwise participates in such loan.
Source
- Laws 1965, c. 31, § 3, p. 214;
- R.S.1943, (1987), § 8-817;
- Laws 1988, LB 795, § 6;
- R.S.1943, (1998), § 45-115;
- Laws 2001, LB 53, § 31;
- Laws 2003, LB 131, § 31;
- Laws 2003, LB 217, § 39;
- Laws 2023, LB92, § 71.
Annotations
Notwithstanding interest rate limits under Nebraska statutes, national bank in Nebraska can legally charge, on credit card transactions, same rates allowed by section 45-114 et seq. Fisher v. First Nat. Bank of Omaha, 548 F.2d 255 (8th Cir. 1977).