Installment loans; license; application; fee.

1. Law
2. Nebraska Revised Statutes
3. Interest, Loans, and Debt
4. Installment loans; license; application; fee.

45-1005. Installment loans; license; application; fee.

Any person who desires to obtain an original license to engage in the business of lending money under the terms and conditions of the Nebraska Installment Loan Act or an original license to hold or acquire any rights of ownership, servicing, or other forms of participation in a loan under the act or to engage with, or conduct loan activity with, an installment loan borrower in connection with a loan under the act, shall apply to the department for the license under oath, on a form prescribed by the department, and pay an original license fee of five hundred dollars. If the applicant is an individual, the application shall include the applicant's social security number.

Source

• Laws 1941, c. 90, § 5, p. 346;
• C.S.Supp.,1941, § 45-133;
• R.S.1943, § 45-117;
• Laws 1973, LB 39, § 1;
• Laws 1979, LB 87, § 2;
• Laws 1997, LB 555, § 5;
• Laws 1997, LB 752, § 115;
• R.S.1943, (1998), § 45-117;
• Laws 2001, LB 53, § 33;
• Laws 2005, LB 533, § 58;
• Laws 2010, LB892, § 20;
• Laws 2021, LB363, § 28.
• Effective Date: March 18, 2021

Annotations

• Amendment to this section in 1963 Special Session by Legislative Bill 11 was unconstitutional as special legislation. State Securities Co. v. Ley, 177 Neb. 251, 128 N.W.2d 766 (1964).

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