76-545 Business of abstracting; requirements; certificate of authority; authority; fee. - Nebraska Statutes

76-545. Business of abstracting; requirements;certificate of authority; authority; fee.Any individualor business entity desiring to engage in the business of abstracting in thisstate shall make application to the board for a certificate of authority.Such application shall be in a form prepared by the board and shall containsuch information as may be necessary to assist the board in determining whetherthe applicant has complied with the Abstracters Act. Such application shallbe accompanied by an application fee of not less than twenty-five dollarsor more than two hundred dollars. The boardshall establish such fee based on the administrative costs of the board. Theapplicant shall furnish proof that such applicant is or has employed a registeredabstracter and shall provide the name and address of a resident agent forservice of process under the act. When this section has been complied with,the board shall issue a certificate of authority in such form as it may prescribe,attesting to the same, and such certificate shall be prominently displayedin the place of business of the applicant. SourceLaws 1965, c. 453, § 14, p. 1442; Laws 1969, c. 615, § 11, p. 2499; R.S.1943, (1981), § 76-522; Laws 1985, LB 47, § 15; Laws 2002, LB 1071, § 6; Laws 2010, LB1051, § 1.Effective Date: April 2, 2010Annotations"Preparing written reports of title to real property" constitutes the "business of abstracting" for purposes of the Abstracters Act only when done in exchange for a fee or other valuable consideration. So construed, the Abstracters Act is not unconstitutionally overbroad on its face. State v. Rabourn, 269 Neb. 499, 693 N.W.2d 291 (2005).