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Can you summarize NERS 8-821?
BANKS AND BANKING > Personal loans; additional charges.
Short Summary
This legal document, part of the Nebraska Revised Statutes governing banks and banking, outlines the additional charges that can be applied to personal loans. It specifies that apart from certain lawful fees, taxable costs in judicial proceedings, and premiums for insurance policies, no further charges can be contracted for or received. The insurance policies must be customary, reasonable, and not exceed standard rates. The document also allows for fees related to loan service costs, lost cards, returned checks, delinquency on the account, and other fees agreed upon in credit card or transaction card transactions. It should be noted that this document does not mention any specific exemptions or penalties.
Whom does it apply to?
Banks and banking institutions in Nebraska
What does it govern?
Additional charges for personal loans
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nebraska