Nebraska Statutes 21-1788. Interest rate
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The interest rates on loans shall be determined by the board of directors, except that the rate shall not exceed eighteen percent per annum on the unpaid balance of the loan. The board may also authorize any refund of interest on such classes of loans under such conditions as it prescribes.
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Terms Used In Nebraska Statutes 21-1788
- Loan: shall mean any extension of credit pursuant to a contract. See Nebraska Statutes 21-1714