Nebraska Statutes 45-110. Usurious contracts; limit of recovery
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All such contracts are hereby declared contrary to public policy and usurious, and in any action therefor the plaintiff shall recover only the same number of dollars in any lawful money of the United States as the number of dollars contracted for at the time the original contract was entered into, plus interest not exceeding the maximum legal contract rate and costs, and no more.
Source
- Laws 1935, c. 126, § 2, p. 452;
- C.S.Supp.,1941, § 45-129;
- R.S.1943, § 45-110.
Terms Used In Nebraska Statutes 45-110
- Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
- Contract: A legal written agreement that becomes binding when signed.
- Plaintiff: The person who files the complaint in a civil lawsuit.
- United States: shall include territories, outlying possessions, and the District of Columbia. See Nebraska Statutes 49-801