45-1206 – Other remedies available.
45-1206. Other remedies available. The Nebraska Construction Prompt Pay Act shall not modify the remedies available to any person under the terms of a contract in existence prior to October 1, 2010, or by any other statute. Source Laws 2010, LB552, § 6.
45-1207 – Residential real property; applicability of act.
45-1207. Residential real property; applicability of act. The Nebraska Construction Prompt Pay Act does not apply to improvements to real property intended for residential purposes when the residence consists of no more than four residential units. Source Laws 2010, LB552, § 7.
45-1208 – Applicability to contracts entered into on or after October 1, 2010.
45-1208. Applicability to contracts entered into on or after October 1, 2010. The Nebraska Construction Prompt Pay Act applies to contracts or subcontracts entered into on or after October 1, 2010. Source Laws 2010, LB552, § 8.
45-1209 – Contract provisions; void.
45-1209. Contract provisions; void. The following provisions in any contract or subcontract for construction work performed within the State of Nebraska shall be against public policy and shall be void and unenforceable: (1) A provision that purports to waive, release, or extinguish rights to file a claim against a payment or performance bond, except that […]
45-1210 – Construction performed for political subdivision; liquidated or unliquidated claim; procedure; civil action authorized.
45-1210. Construction performed for political subdivision; liquidated or unliquidated claim; procedure; civil action authorized. (1) Any liquidated or unliquidated claim against any political subdivision of this state arising from construction performed for such political subdivision shall: (a) Be presented in writing to the individual or officer as set forth in subsection (2) of this section; […]
45-1211 – Violation of act; action for recovery; attorney’s fees and costs.
45-1211. Violation of act; action for recovery; attorney’s fees and costs. Any individual, partnership, firm, limited liability company, corporation, or company may bring an action to recover any damages caused to such person or entity by a violation of the Nebraska Construction Prompt Pay Act. In addition to an award of damages, the court may […]
45-1106 – Guaranteed asset protection waiver agreement; authorized terms; cancellation or early termination of finance agreement; refund; calculation; disposition.
45-1106. Guaranteed asset protection waiver agreement; authorized terms; cancellation or early termination of finance agreement; refund; calculation; disposition. (1) Guaranteed asset protection waiver agreements may be cancelable or noncancelable after the free-look period. A creditor or the creditor’s designee may offer a borrower a waiver that does not provide for a refund if the creditor […]
45-1107 – Modification of guaranteed asset protection waiver; limitations.
45-1107. Modification of guaranteed asset protection waiver; limitations. The creditor or the creditor’s designee shall not offer a guaranteed asset protection waiver when the guaranteed asset protection waiver contains terms that allow the creditor or the creditor’s designee to modify, unilaterally, the guaranteed asset protection waiver, unless (1) the modification is favorable to the borrower […]
45-1201 – Act, how cited.
45-1201. Act, how cited. Sections 45-1201 to 45-1211 shall be known and may be cited as the Nebraska Construction Prompt Pay Act. Source Laws 2010, LB552, § 1; Laws 2014, LB961, § 4.
45-1063 – Preauthorized loan; repayment; requirements.
45-1063. Preauthorized loan; repayment; requirements. The borrower under a preauthorized loan may at any time pay all or any part of the unpaid balance in his or her account, or, if the account is not in default, the borrower may pay the unpaid principal balance in monthly installments. Minimum monthly payment requirements shall be determined […]