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Nebraska Collection Laws The following is a summary of the Nebraska Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this Nebraska Collection Laws page, and we assume no liability for its use. Nebraska Collection Laws Interest Rate Legal: 12% per written instrument or contract rate Judgment: 1% above bond equivalent yield as published by U.S. Treasury Nebraska Collection Laws Statute Of Limitations (Years) Contract: 5 Domestic Judgment: 5 renewable every 5 Foreign Judgment: 5 nonrenewable Nebraska Collection Laws Bad Check Laws (NSF) (Civil Penalty) Amount due, costs, protest fees Nebraska Collection Laws General Garnishment Exemptions Greater of 75% disposable earnings (85% if head of household), or 30 x Federal minimum hourly wage Nebraska Collection Laws Collection Agency Bond & Licensing Rules Bond: Based on Lic. Solic. Less Than 5 = 5,000, 5-15=$10,000, 16-Up=$15,000 License: Yes Fee: (not to exceed) $250 - Investigation $200 - Original $100 - Renewal $50 - Investigation Branch Office $35 - Original Branch Office Exemption for out-of-state collectors: Out-of-state collectors are exempt if [1] communicating by interstate means (phone, fax, mail); and [2] are "regulated" by the laws of another state. Rapid Recovery Solution, Inc. is not licensed in Nebraska. Rapid Recovery hopes that this information assists you in finding a Nebraska Collection Agency and researching Nebraska collection laws. |