Nebraska payday loan laws

Legal Status:  Legal

Citation:  Neb. Stat. Ann. §§ 45-901

Loan Terms:

Maximum Loan Amount:  $500
Loan Term: Max:  34 days
Maximum Finance Rate and Fees:  $15 per $100 or pro rata for any part thereof on amount of check
Finance Charge for 14-day $100 loan:  $17.65
APR for 14-day $100 loan:  459%

Debt Limits:

Maximum Number of Outstanding Loans at One Time:  Two
Rollovers Permitted:  None (cannot repay, refinance, consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:

Collection Fees:  $15 NSF fee
Criminal Action:

Where to Complain, Get Information:
Regulator: Nebraska Department of Banking & Finance
Address: 1526 K Street, Suite 300, Lincoln, NE 68508-2732
Phone: (402) 471-2171 

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