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2020 Nebraska Revised Statutes
Chapter 76 - Real Property
76-2724 Equity purchase contract; provisions prohibited.
Universal Citation: NE Code § 76-2724 (2020)
76-2724. Equity purchase contract; provisions prohibited.
A provision in an equity purchase contract between an equity purchaser and a homeowner is void as against public policy if it attempts or purports to:
(1) Waive any of the rights specified in sections 76-2719 to 76-2727 or the right to a jury trial;
(2) Consent to jurisdiction for litigation or choice of law in a state other than Nebraska;
(3) Consent to venue in a county other than the county in which the residence in foreclosure is located; or
(4) Impose any costs or fees greater than the actual costs and fees.
Source
- Laws 2008, LB123, ยง 24.
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