45-1003 Installment loans; financial institution ineligible. - Nebraska Statutes

45-1003. Installment loans; financial institution ineligible.No financial institution is eligible for a license or to make loans under the Nebraska Installment Loan Act. SourceLaws 1965, c. 31, § 3, p. 214; R.S.1943, (1987), § 8-817; Laws 1988, LB 795, § 6; R.S.1943, (1998), § 45-115; Laws 2001, LB 53, § 31; Laws 2003, LB 131, § 31; Laws 2003, LB 217, § 39. AnnotationsNotwithstanding interest rate limits under Nebraska statutes, national bank in Nebraska can legally charge, on credit card transactions, same rates allowed by section 45-114 et seq. Fisher v. First Nat. Bank of Omaha, 548 F.2d 255 (8th Cir. 1977).