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·Ch. 45 Interest, Loans, and Debt

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.

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