Nebraska Statutes 69-1202. Debt management; exceptions to act
Any person engaged in debt management shall be deemed to be rendering financial planning service, but sections 69-1201 to 69-1217 shall not apply to the following when engaged in the regular course of their respective businesses and professions:
Terms Used In Nebraska Statutes 69-1202
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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
(1) Attorneys at law;
(2) Banks, fiduciaries, financing and lending institutions, as duly authorized and admitted to transact business in this state and performing credit and financial adjusting service in the regular course of their principal business;
(3) Title insurers and abstract companies, while doing an escrow business;
(4) Employees of licensees under sections 69-1201 to 69-1217 ; or
(5) Judicial officers or others acting under court orders.
Source
- Laws 1967, c. 377, § 2, p. 1180.