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Nebraska Rev. Stat.
2025 Nebraska Revised Statutes
Chapter 45 - Interest, Loans, and Debt
45-370 - Installment sales contract; extension or deferment authorized; when; fee.
Universal Citation:
NE Code § 45-370 (2025)
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45-370. Installment sales contract; extension or deferment authorized; when; fee.
The holder of a retail installment sales contract may, upon agreement with the buyer:
(1) Extend the scheduled due date or defer the scheduled payment of any installment payment under the retail installment sales contract; and
(2) Charge and collect a reasonable flat service fee for such extension or deferment in addition to the time-price differential calculated for the period of such extension or deferment at the rate originally agreed upon in the retail installment sales contract on the outstanding balance.
Source
- Laws 2025, LB474, ยง 91.
- Operative Date: October 1, 2025
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