25-3305 Assessment of fees; restrictions; calculations. - Nebraska Statutes

25-3305. Assessment of fees; restrictions;calculations.(1)A civil litigation funding company may not assess fees for any period exceedingthirty-six months from the date of the contract with the consumer.(2) Fees assessedby the civil litigation funding company shall compound at least semiannuallybut shall not compound based on any lesser time period.(3) In calculatingthe annual percentage fee or rate of return, a civil litigation funding companyshall include all charges payable directly or indirectly by the consumer andshall compute the rate based only on amounts actually received and retainedby a consumer. SourceLaws 2010, LB1094, § 5.Effective Date: July 15, 2010