Payday Loan Laws - NE
The rules and regulations issuers of payday loans must abide by in the state of Nebraska.
Legal Status:
Legal
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15 per $100 or pro rata for any part thereof on amount of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance, consolidate)
Collection Limits:
Collection Fees: $15 NSF fee
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