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2012 Nebraska Revised Statutes
Chapter 45 - INTEREST, LOANS, AND DEBT
45-1052 - Borrower; loan; default; licensee; possession of collateral; restrictions.


NE Code § 45-1052 (2012) What's This?
45-1052. Borrower; loan; default; licensee; possession of collateral; restrictions.

Upon default by a borrower with respect to a loan, unless the borrower voluntarily surrenders possession of the collateral to the licensee, the licensee may take possession of the collateral without judicial process only if possession can be taken without entry into a dwelling or a locked, unoccupied motor vehicle, and without the use of force or other breach of the peace.

Source
    Laws 1979, LB 87, § 15;
    R.S.1943, (1998), § 45-182;
    Laws 2001, LB 53, § 80.

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