Nebraska Statutes 45-1042. Loans made outside of state; enforcement in this state
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No loan, made outside this state, in the amount or of the value of three thousand dollars or less, for which a greater rate of interest, consideration, or charges than is permitted by section 45-1025 has been charged, contracted for, or received, shall be enforced in this state. Every person participating in such loan in this state is subject to the Nebraska Installment Loan Act, except that the act shall not apply to loans legally made in any state under and in accordance with a regulatory small loan law similar in principle to such act.
Source
- Laws 1943, c. 107, § 9, p. 375;
- R.S.1943, § 45-158;
- Laws 1957, c. 193, § 3, p. 687;
- R.S.1943, (1998), § 45-158;
- Laws 2001, LB 53, § 70.
Terms Used In Nebraska Statutes 45-1042
- 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
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801