This legal document, governed by the Nebraska Revised Statutes, pertains to banks and banking. It allows banks to contract for and receive charges at a rate not exceeding nineteen percent simple interest per year on personal loans. For loans initiated by credit card or other transaction cards, the interest rate can be any amount agreed upon by the parties. Banks acquired pursuant to specific sections may also charge commercially reasonable fees for service and use of credit cards or other transaction cards.

This legal document, found in the Nebraska Revised Statutes under the section on BANKS AND BANKING, declares the public policy of the State of Nebraska regarding the federal most-favored-lender doctrine. It states that the bank credit card rate, as specified in section 8-820, should not be considered comparable or analogous to the small loan rate mentioned in sections 45-1024 and 45-1025. The Legislature recognizes that institutions making small loans and those administering bank credit cards are categorically different, as are the transactions carried out by these institutions.

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.

This legal document, found in the Nebraska Revised Statutes under the section for Banks and Banking, governs various aspects related to personal loans. It covers the method of computation for charges, stating that charges shall be computed by applying the rate charged to the outstanding principal balance for the number of days elapsed. It also allows charges to be computed as a percentage per month of unpaid principal balances at the time the loan is made, which may be included in scheduled installments.

The following provisions shall apply to loans made under section 8-820: (1) With the exception of loans for mobile homes, every such loan shall be repayable within a period of one hundred forty-five months and may be prepaid in whole or in part at any time. One or more of the installments may be accelerated or deferred when the borrower’s chief source of income makes such arrangement necessary, if the note or contract so provides; (2) The bank shall give the borrower a receipt showing the date and amount of each payment made on account of any such loan; and (3) No bank shall take, in connection with any such loan, any confession of judgment, power of attorney to confess judgment, power of attorney to appear for a borrower in a judicial proceeding, or agreement to pay the costs of collection or the attorney’s fees.

(1) The department shall: (a) Be responsible for obtaining proper administration of sections 8-815 to 8-829 and take or cause to be taken such lawful steps as may be necessary and appropriate for the enforcement thereof; and (b) Arrange for investigation and examination of the papers and records, pertaining to loans made under section 8-820, for the purpose of discovering violations of sections 8-815 to 8-829 or securing information lawfully required under it.

Nothing contained in sections 8-815 to 8-826 shall be construed as preventing a bank from purchasing or discounting from established business concerns any commercial, negotiable or installment paper, or as preventing any such bank from accepting from, or requiring such persons selling or offering to discount such instruments to execute, contracts guaranteeing the ultimate collection of all of such items so sold or discounted or requiring such persons to assume the burden of making collections of the individual items so sold as agent of the bank.

If a bank violates any provision of sections 8-820 to 8-823 in making or collecting any loan made under section 8-820, no charges of any kind shall be collected on such loan. If any charges have been collected, the bank shall forfeit to the borrower all interest collected on the loan involved and a sum equal thereto. The bank so offending shall be guilty of a Class V misdemeanor. Source: Laws 1965, c.

Sections 8-908 to 8-918 shall be known and may be cited as the Nebraska Bank Holding Company Act of 1995. Source: Laws 1995, LB 384, 19; Laws 2010, LB890, 10.

The Nebraska Bank Holding Company Act of 1995 governs banks, bank holding companies, and various types of organizations or entities involved in banking activities. The Act defines key terms such as ‘bank,’ ‘company,’ and ‘bank holding company.’ It establishes that a bank holding company is any company that directly or indirectly owns or controls twenty-five percent or more of the voting shares of a bank, controls the election of the majority of directors of a bank, or has twenty-five percent or more of the voting shares of a bank or bank holding company held by trustees for the benefit of its shareholders or members.