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Current as of January 01, 2024 | Updated by FindLaw Staff
A licensee shall maintain a separate bank account for the benefit of debtors in which all payments received from debtors for the benefit of creditors shall be deposited and in which all payments shall remain until a remittance is made to either the debtor, creditor, or the licensee for fees. Every licensee shall keep, and use in his business, books, accounts and records which will enable the secretary to determine whether such licensee is complying with the provisions of sections 69-1201 to 69-1217 and with the rules and regulations of the secretary. Every licensee shall preserve such books, accounts and records for at least five years after making the final entry on any transaction recorded therein.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 69. Personal Property § 69-1210. Licensee; bank account; separate; books and records - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-69-personal-property/ne-rev-st-sect-69-1210/
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 or via Westlaw before relying on it for your legal needs.
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