2006 Nebraska Revised Statutes - § 45-1006 — Installment loans; application hearing; protest; procedure.
Section 45-1006Installment loans; application hearing; protest; procedure.
(1) Except as provided in subsection (2) of this section, a hearing shall be held on every application for an original license under the Nebraska Installment Loan Act. The hearing shall be held not less than thirty days after the filing of the application, and notice of the filing of the application shall be published by the department three successive weeks in a legal newspaper published in or of general circulation in the county where the applicant proposes to operate the business of lending money. Written protest against the issuance of the license may be filed with the department by any person not less than five days before the date set for hearing. The director, in his or her discretion, may grant a continuance. The director may reject any application for license after hearing. The director shall, in his or her discretion, make examination and inspection concerning the propriety of the issuance of a license to any applicant. The cost of such examination and inspection shall be paid by the applicant.
(2) The director may waive the hearing requirements of subsection (1) of this section if (a) the applicant has held, and operated under, a license to engage in the business of lending money in Nebraska pursuant to the act for at least one calendar year immediately prior to the filing of the application, (b) no written protest against the issuance of the license has been filed with the department within fifteen days after publication of a notice of the filing of the application one time in a newspaper of general circulation in the county where the applicant proposes to operate the business of lending money, and (c) in the judgment of the director, the experience, character, and general fitness of the applicant warrant the belief that the applicant will comply with the act.
(3) The expense of any publication made pursuant to this section shall be paid by the applicant.
Source:
- Laws 1941, c. 90, § 11, p. 349
C.S.Supp.,1941, § 45-139
R.S.1943, § 45-118
Laws 1997, LB 555, § 6
Laws 1999, LB 396, § 25
R.S.Supp.,2000, § 45-118
Laws 2001, LB 53, § 34
Laws 2005, LB 533, § 59
~Revised Statutes Supplement, 2006
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