60-1401.18 Finance company, defined. - Nebraska Statutes

60-1401.18. Finance company, defined.Finance companymeans any person engaged in the business of financing sales of motor vehicles,motorcycles, or trailers, or purchasing or acquiring promissory notes, securedinstruments, or other documents by which the motor vehicles, motorcycles,or trailers are pledged as security for payment of obligations arising fromsuch sales and who may find it necessary to engage in the activity of repossessionand the sale of the motor vehicles, motorcycles, or trailers so pledged. SourceLaws 2010, LB816, § 30.