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.
45-1204 – Withholdings; authorized.
45-1204. Withholdings; authorized. When work has been performed pursuant to a contract, an owner, a contractor, or a subcontractor may only withhold payment: (1) For retainage, in an amount not to exceed the amount specified in the applicable contract, which shall not exceed a rate of ten percent. If the scope of work for the […]
45-1066 – Preauthorized loans; sections not applicable.
45-1066. Preauthorized loans; sections not applicable. Subsection (3) of section 45-1025 and sections 45-1031 and 45-1040 shall not apply to preauthorized loans. Source Laws 1981, LB 271, § 9; R.S.1943, (1998), § 45-1,102; Laws 2001, LB 53, § 98; Laws 2003, LB 218, § 17.
45-1205 – Delay in payment; additional interest payment.
45-1205. Delay in payment; additional interest payment. Except as provided in section 45-1204, if a periodic or final payment to (1) a contractor is delayed by more than thirty days after receipt of a properly submitted periodic or final payment request by the owner or owner’s representative or (2) a subcontractor is delayed by more […]
45-1067 – Preauthorized loans; department; powers.
45-1067. Preauthorized loans; department; powers. The department may approve record-keeping systems for licensees and may prescribe policies and procedures necessary to the administration of sections 45-1059 to 45-1067. Source Laws 1981, LB 271, § 10; R.S.1943, (1998), § 45-1,103; Laws 2001, LB 53, § 99.
45-1068 – Reverse-mortgage loan; rules governing; how made or acquired; charges authorized; forfeiture by lender.
45-1068. Reverse-mortgage loan; rules governing; how made or acquired; charges authorized; forfeiture by lender. (1) For purposes of this section, reverse-mortgage loan means a loan made by a licensee which (a) is secured by residential real estate, (b) is nonrecourse to the borrower except in the event of fraud by the borrower or waste to […]