The Interest Ceiling
Neb. Rev. Stat. § 45-101.03 — sixteen percent a year unless another law allows more, and the price of usury
Sixteen percent. Any rate of interest agreed on, not exceeding sixteen percent per annum on the unpaid principal, is valid on a loan or forbearance of money or goods, except where another section allows otherwise.
On a variable rate loan for consumer goods, the lender gives written notice of a proposed increase at least ten days before it takes effect.
Where no rate was agreed, interest runs at six percent per annum.
Principal only. If a higher rate was contracted for or taken, the contract is not void, but the lender recovers only the principal without interest, interest already paid is deducted, and the borrower recovers costs.
Banks, licensed lenders and credit cards are often governed by other sections. A particular loan is a question for a licensed Nebraska attorney.
Sources for this section (3)
- Neb. Rev. Stat. § 45-101.03 — General interest rate; maximum
- Neb. Rev. Stat. § 45-102 — Interest; legal rate
- Neb. Rev. Stat. § 45-105 — Usury; penalty
Legal information, not legal advice. Verified as of October 2026. Applying it to a particular situation is the work of a licensed Nebraska attorney.