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Current as of January 01, 2024 | Updated by Findlaw Staff
The holder of a retail installment sales contract may, upon agreement with the buyer:
(1) Extend the scheduled due date or defer the scheduled payment of any installment payment under the retail installment sales contract; and
(2) Charge and collect a reasonable flat service fee for such extension or deferment in addition to the time-price differential calculated for the period of such extension or deferment at the rate originally agreed upon in the retail installment sales contract on the outstanding balance.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 45. Interest, Loans, and Debt § 45-370. Installment sales contract; extension or deferment authorized; when; fee - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-45-interest-loans-and-debt/ne-rev-st-sect-45-370/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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