Nebraska Payday loan laws. Nebraska Payday loan legislation.

Nebraska has specific payday advance laws. The permitted fee is $15 per $100 on the face amount of the payday loan. The permitted time period is a maximum of 31 days.

The maximum amount of the payday loan allowable is $500.00. Rollovers are prohibited.

For a thorough discussion of the payday loan industry and access to our payday loan training materials, we recommend you proceed to Payday Loan Industry.com

Nebraska Payday Loan Laws & Legislation State Information

Legal Status:Nebraska Legal

Citation:Nebraska
Neb. Stat. Ann. § 45-901

NebraskaLoan Terms:Nebraska
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15 per $100 or pro rata for any part thereof on amount of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%

NebraskaDebt Limits:Nebraska
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance, consolidate)
Cooling-off Period:
Repayment Plan:

NebraskaCollection Limits:Nebraska
Collection Fees: $15 NSF fee
Criminal Action:

NebraskaWhere to Complain, Get Information:Nebraska
Regulator: Nebraska Department of Banking & Finance
Address: Financial Institutions, 1230 'O' Street, Suite 400 P.O. Box 95006 Lincoln NE 68509
Phone: (402) 471-2171
Fax:
Regulatory Contact: Karen Reynolds,, Review Examiner
Regulator Website

Licensee Database
Online Resources:
Brochure: Delayed Deposit Services in Nebraska