Nebraska § 45-370 Installment sales contract; extension or deferment authorized; when; fee

Nebraska Statutes

§ 45-370 — Installment sales contract; extension or deferment authorized; when; fee

Nebraska § 45-370

Ch. 45Interest, Loans, and Debt

This text of Nebraska § 45-370 (Installment sales contract; extension or deferment authorized; when; fee) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 45-370 (2026).

Text

The holder of a retail installment sales 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 sales 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 sales contract on the outstanding balance.

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The holder of a retail installment sales 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 sales 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 sales contract on the outstanding balance.