45-1104 – Guaranteed asset protection waivers; not insurance; exempt from insurance laws; sale options; separate statement of cost; part of finance agreement; sale and marketing restrictions.
45-1104. Guaranteed asset protection waivers; not insurance; exempt from insurance laws; sale options; separate statement of cost; part of finance agreement; sale and marketing restrictions. (1) Guaranteed asset protection waivers offered, sold, or provided to borrowers under the terms of the Guaranteed Asset Protection Waiver Act are not insurance and are exempt from the insurance […]
45-1105 – Guaranteed asset protection waiver; disclosures required.
45-1105. Guaranteed asset protection waiver; disclosures required. Guaranteed asset protection waivers shall disclose, as applicable, in writing and in clear, understandable language that is easy to read, the following: (1) The name and address of the initial creditor or the creditor’s designee and the borrower at the time of sale; (2) The purchase price and […]
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 […]
45-1202 – Terms, defined.
45-1202. Terms, defined. For purposes of the Nebraska Construction Prompt Pay Act: (1) Contractor includes individuals, firms, partnerships, limited liability companies, corporations, or other associations of persons engaged in the business of the construction, alteration, repairing, dismantling, or demolition of buildings, roads, bridges, viaducts, sewers, water and gas mains, streets, disposal plants, water filters, tanks […]
45-1064 – Preauthorized loans; additional fees, costs, and expenses authorized; restrictions.
45-1064. Preauthorized loans; additional fees, costs, and expenses authorized; restrictions. In addition to the charges permitted under section 45-1062, a licensee may contract for and receive the fees, costs, and expenses permitted by the Nebraska Installment Loan Act on other loans, subject to all the conditions and restrictions set forth in the act with the […]
45-1203 – Contractor; payment; payment request; subcontractor; payment; retainage; payment.
45-1203. Contractor; payment; payment request; subcontractor; payment; retainage; payment. (1) When a contractor has performed work in accordance with the provisions of a contract with an owner, the owner shall pay the contractor within thirty days after receipt by the owner or the owner’s representative of a payment request made pursuant to the contract. (2) […]
45-1065 – Preauthorized loans; security interest authorized.
45-1065. Preauthorized loans; security interest authorized. A licensee may retain any security interest, including a mortgage on real property, until the preauthorized account is terminated. Source Laws 1981, LB 271, § 8; R.S.1943, (1998), § 45-1,101; Laws 2001, LB 53, § 97; Laws 2004, LB 999, § 42.