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 […]
45-1069 – Administrative fine; procedure; lien.
45-1069. Administrative fine; procedure; lien. (1) The director may, following a hearing under the Administrative Procedure Act, impose an administrative fine against any officer, director, shareholder, partner, or member of a licensee, if the director finds the licensee or any such person participated in or had knowledge of any act prohibited by the Nebraska Installment […]
45-1054 – Borrower; deficiency; liability; how treated.
45-1054. Borrower; deficiency; liability; how treated. (1) A borrower is not liable for a deficiency unless the licensee has disposed of the collateral in good faith and in a commercially reasonable manner. (2) If the licensee takes possession or voluntarily accepts surrender of goods in which the licensee has a security interest to secure a […]
45-1055 – Writing evidencing borrower’s obligation; form; copies; fee; licensee; duties.
45-1055. Writing evidencing borrower’s obligation; form; copies; fee; licensee; duties. (1) The licensee shall give to the borrower a copy of any writing evidencing a loan if the writing requires or provides for the signature of the borrower. The writing evidencing the borrower’s obligation to pay under a loan shall contain a clear and conspicuous […]
45-1056 – Licensee; discrimination prohibited.
45-1056. Licensee; discrimination prohibited. A licensee shall not refuse to enter into a loan or impose finance charges or other terms or conditions of credit more onerous than those regularly extended by that licensee to borrowers of similar economic backgrounds because of the age, color, creed, national origin, political affiliation, race, religion, sex, marital status, […]
45-1057 – Licensee; loan; former debt; how treated.
45-1057. Licensee; loan; former debt; how treated. No licensee shall, directly or indirectly, require a borrower as a condition of granting a loan to such borrower to reaffirm or otherwise obligate himself or herself to pay a former debt to the licensee which has been discharged in bankruptcy proceedings. Source Laws 1979, LB 87, § […]