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Official Government Sites
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Revised Statues - Chapter 45 Interest, Loans, and Debt
45-114: Installment loans; definitions; legislative intent; not applicable to nonlicensee, when.
The word person, when used in sections 45-114 to 45-158, means individuals, partnerships, limited liability companies, associations, banks, trust companies, savings banks, building and loan associations, trusts, corporations, and all other legal entities. The word department, when used in such sections, means the Department of Banking and Finance. The word license, when used in such sections, means permit. Except as provided in subsection (3) of section 45-130, it is not the intention of the Legislature that any revenue arising hereunder shall inure to any school fund of the State of Nebraska or any of its governmental subdivisions. Loan, when used in sections 45-114 to 45-158 and 45-173 to 45-188 shall not include any loan made by a person who is not a licensee on which the interest does not exceed the maximum rate permitted by section 45-101.03. Nothing in sections 45-114 to 45-158 and 45-173 to 45-188 shall apply to any loan made by a person who is not a licensee if the interest on the loan does not exceed the maximum rate permitted by section 45-101.03.
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