Credit Collection Information by State
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Nebraska Commercial Credit & Collection Information
INTEREST RATE
-
Legal: 6%
-
Judgment:
2% above
bond equivalent yield as published by U.S. Treasury
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 4
- Written Contract: 5
- Domestic Judgment: 5
renewable every 5
- Foreign Judgment: 5
nonrenewable
BAD CHECK LAWS (CIVIL
PENALTY)
Amount due, plus $10, and reasonable service charges
GENERAL GARNISHMENT
EXEMPTIONS
Greater of 75% disposable earnings (85% if head of household), or 30 x
fed. minimum hourly wage.
COLLECTION AGENCY BOND
& LICENSE
-
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.
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