69-1207. License; Secretary of State; deny; revoke; suspend; nontransferable. (1) The secretary may deny, revoke or suspend any license issued or applied for under sections 69-1201 to 69-1217 for the following causes: (a) Conviction of a felony; (b) For violating any of the provisions of sections 69-1201 to 69-1217; (c) For fraud or deceit in […]
69-1208. Rules and regulations; promulgation. Rules and regulations issued by the secretary under sections 69-1201 to 69-1217 shall be promulgated in accordance with the provisions of the Administrative Procedure Act. Source Laws 1967, c. 377, § 8, p. 1182. Cross References Administrative Procedure Act, see section 84-920.
69-1209. Licensee; contract with debtor required; contents. Each licensee shall make a written contract between himself and a debtor and immediately furnish the debtor with a true copy of the contract. The contract shall set forth the complete list of the debtor’s obligations to be adjusted, a complete list of the creditors holding such obligations, […]
69-1210. Licensee; bank account; separate; books and records. A licensee shall maintain a separate bank account for the benefit of debtors in which all payments received from debtors for the benefit of creditors shall be deposited and in which all payments shall remain until a remittance is made to either the debtor, creditor, or the […]
69-1211. Licensee; examination; cost; payment. The secretary may examine without notice the condition and affairs of each licensee. In connection with any examination, the secretary may examine on oath any licensee, and any director, officer, employee, customer, creditor or stockholder of a licensee concerning the affairs and business of the licensee. The secretary shall ascertain […]
69-1212. Licensee; debtor; fee; agreement; limitations. The fee of the licensee to be charged the debtor shall be agreed upon in advance and stated in the contract and provision for settlement in case of cancellation or prepayment shall be clearly stated in the contract. The total fee to be charged by the licensee shall not […]
69-1213. Licensee; duties. Each licensee shall: (1) Keep complete and adequate records during the term of the contract and for a period of five years from the date of cancellation or completion of the contract with each debtor, which records shall contain complete information regarding the contract, extensions thereof, payments, disbursements and charges, which records […]
69-1214. Licensee; acts forbidden. No licensee shall: (1) Purchase from a creditor any obligation of a debtor; (2) Operate as a collection agent and as a licensee as to the same debtor’s account; (3) Execute any contract or agreement to be signed by the debtor unless the contract or agreement is fully and completely filled […]
69-1215. Unlawful acts; penalty. Any person, partnership, limited liability company, association, corporation, or other group of individuals, however organized, or any owner, partner, member, officer, director, employee, agent, or representative thereof who willfully or knowingly engages in the business of debt management without the license required by sections 69-1201 to 69-1217 shall be guilty of […]
69-1216. Limitation of actions. All actions in any of the courts of this state under the provisions of sections 69-1201 to 69-1217 shall be commenced within two years next after the cause of action shall accrue. Source Laws 1967, c. 377, § 16, p. 1185.
69-1217. Fees; disposition. All fees collected under the provisions of sections 69-1201 to 69-1217 shall be paid promptly into the state treasury to the credit of the General Fund. Source Laws 1967, c. 377, § 17, p. 1186.
69-1301. Terms, defined. As used in the Uniform Disposition of Unclaimed Property Act unless the context otherwise requires: (a) Banking organization means any bank, trust company, savings bank, industrial bank, land bank, or safe deposit company. (b) Business association means any corporation, joint-stock company, business trust, partnership, limited liability company, or association for business purposes […]
69-1302. Property held or owing by a banking or financial organization or business association; presumed abandoned; when. The following property held or owing by a banking or financial organization or by a business association is presumed abandoned: (a) Any demand, savings, or matured time deposit that is not automatically renewable made in this state with […]
69-1303. Unclaimed funds held and owing by a life insurance corporation; presumed abandoned; when. (a) Unclaimed funds, as defined in this section, held and owing by a life insurance corporation shall be presumed abandoned if the last-known address, according to the records of the corporation, of the person entitled to the funds is within this […]
69-1304. Funds held or owing by any utility; presumed abandoned; when. The following funds held or owing by any utility are presumed abandoned: (a) Any deposit made by a subscriber with a utility to secure payment for, or any sum paid in advance for, utility services to be furnished in this state, less any lawful […]
69-1305. Stock, shareholding, or other intangible ownership interest; presumed abandoned; when. (a) Any stock, shareholding, or other intangible ownership interest in a business association, the existence of which is evidenced by records available to the association, is presumed abandoned and, with respect to the interest, the association is the holder, if: (1) The interest in […]
69-1305.01. Stock or other intangible ownership interest; applicability of act; conditions. The Uniform Disposition of Unclaimed Property Act does not apply to any stock or other intangible ownership interest enrolled in a plan that provides for the automatic reinvestment of dividends, distributions, or other sums payable as a result of the interest unless: (a) The […]
69-1305.02. Credit memo; presumed abandoned; when. A credit memo that remains unredeemed for more than three years after issuance is presumed abandoned and the amount presumed abandoned is the amount credited, as shown on the memo itself. Source Laws 1994, LB 1048, § 3; Laws 2006, LB 173, § 2.
69-1305.03. Gift certificate or gift card; presumed abandoned; when. (a) A gift certificate or gift card which is not assessed any fees and does not have an expiration date shall not be presumed to be abandoned. (b) A gift certificate or gift card which contains an expiration date or requires any type of post-sale finance […]
69-1306. Intangible personal property distributable in voluntary dissolution; presumed abandoned; when. All intangible personal property distributable in the course of a voluntary dissolution of a business association, banking organization, or financial organization organized under the laws of or created in this state, that is unclaimed by the owner within two years after the date for […]
