Nebraska Usury Collection Check

Live. Collecting a Nebraska private loan? Cap 16% (Neb. Rev. Stat. 45-101.03); above it the lender recovers only principal less interest paid (45-105).

Collecting a Nebraska private, seller-carried or unlicensed loan? Checks each loan and contact against Nebraska's usury law: any agreed rate up to 16% a year is valid (Neb. Rev. Stat. 45-101.03); above it the lender recovers only the principal without interest, less interest already paid, and the borrower recovers costs (45-105). Department of Banking licensees, loans to corporations, LLCs or trusts, loans of $100,000 or more and government-guaranteed loans are flagged exempt (45-101.04). Flags collecting usurious interest (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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