Neb. Rev. Stat. §§ 45-351.01

Current with changes through the 2024 First Special Legislative Session

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.