Nebraska

Legal Status

Legal

Citation

Neb. Stat. Ann. §§ 45-901

Loan Terms

Maximum Loan Amount: 500

Loan Term: max 34 days

Finance Charge for 14-day $100 Loan: 15

APR for 14-day $100 Loan: 391%

Debt Limits

Maximum Number of Outstanding Loans at One Time: 2 per lender. R.R.S. Neb. § 45-919

Rollovers Permitted: No, with some exceptions. R.R.S. Neb. § 45-919

Cooling-off Period: Silent

Repayment Plan: Silent

Collection Limits

Collection Fees: $15 NSF Fee. Neb. Stat. Ann. 45-918.01

Criminal Action: Not for returned check. Neb. Stat. Ann. 45-918.01