Neb. Rev. Stat. § 45-351.01

Current with changes from the 2024 legislative session enacted on or before 4/18/2024

Section 45-351.01 - Holder of contract; extension or deferment authorized; fee

The holder of a retail installment contract may, upon agreement with the buyer:

(1) Extend the scheduled due date or defer the scheduled payment of any installment payment under the retail installment contract; and

(2) Charge and collect a reasonable flat service fee for such extension or deferment in addition to the time-price differential calculated for the period of such extension or deferment at the rate originally agreed upon in the retail installment contract on the outstanding balance.

Neb. Rev. Stat. § 45-351.01

Laws 1994, LB 979, § 14.