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Payday Loans

Neb. Rev. Stat. § 45-918 — thirty-six percent at most, five hundred dollars held at once, and a day to change your mind

Thirty-six percent. A licensee may not charge an annual percentage rate above thirty-six percent on a delayed deposit transaction. One that does is void, and the licensee may collect no principal, interest or fees on it.

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  • No more than two checks held from one person at a time.
  • No more than five hundred dollars in face amount held at a time.
  • No check held more than thirty-four days.
  • No rollover by letting the person pay less than the whole check and fees.

The next business day. The person may rescind the transaction before 5 p.m. on the next business day, and may redeem the check by paying it in full before the licensee presents it.

Service members and their families have a federal ceiling the section also applies. A particular loan is a question for a licensed Nebraska attorney.

Sources for this section (3)
  1. Neb. Rev. Stat. § 45-918 — Delayed deposit; annual percentage rate
  2. Neb. Rev. Stat. § 45-918.03 — Delayed deposit; rescission; redemption
  3. Neb. Rev. Stat. § 45-919 — Delayed deposit; acts prohibited

Legal information, not legal advice. Verified as of October 2026. Applying it to a particular situation is the work of a licensed Nebraska attorney.

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