Nebraska Statutes 45-1003. Installment loans; financial institution ineligible; license required, when
Current as of: 2023 | Check for updates
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No financial institution is eligible for a license or to make loans under the Nebraska Installment Loan Act.
Terms Used In Nebraska Statutes 45-1003
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
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.
- Operative Date: June 7, 2023