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 […]
45-1206 – 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.
45-1070 – Minimum term.
45-1070. Minimum term. Notwithstanding any other provision of law, the minimum term of a loan contract for any loan governed by the Nebraska Installment Loan Act shall be six months from the loan transaction date. Source Laws 2018, LB194, § 21.
45-1101 – Act, how cited.
45-1101. Act, how cited. Sections 45-1101 to 45-1107 shall be known and may be cited as the Guaranteed Asset Protection Waiver Act. Source Laws 2010, LB571, § 1.
45-1102 – Purpose of act; exclusions from act; exemption from insurance requirements.
45-1102. Purpose of act; exclusions from act; exemption from insurance requirements. (1) The purpose of the Guaranteed Asset Protection Waiver Act is to provide a framework within which guaranteed asset protection waivers are offered, sold, and provided in this state. (2) The act does not apply to: (a) An insurance policy offered by an insurer […]
45-1103 – Terms, defined.
45-1103. Terms, defined. For purposes of the Guaranteed Asset Protection Waiver Act: (1) Borrower means a debtor, retail buyer, or lessee under a finance agreement; (2) Creditor means: (a) The lender in a loan or credit transaction involving a motor vehicle; (b) The lessor in a lease transaction involving a motor vehicle; (c) Any retail […]