Late Charges

"The Nebraska Installment Loan Act permits licensees to charge and collect a default charge in an amount not to exceed 5% of the amount of such installment where an installment on a precomputed or interest bearing loan is unpaid in full for ten or more consecutive days after such installment was due. Neb. Rev. Stat. § 45-1024

Loan service costs must be reasonable and necessary costs and charges incurred in connection with the making, closing, disbursing, servicing, extending, transferring, or renewing of a loan, including but not limited to (a) prepayment charges, (b) delinquency charges, (c) premiums for hazard, private mortgage, disability, life, or title insurance, (d) fees for escrow, appraisal, abstracting, title examination, surveys, inspections, credit reports, and recording of documents, (e) origination fees, (f) interest on interest after default, and (g) costs and charges incurred for determining qualification for the loan proceeds and disbursement of the loan proceeds. NEB. REV. STAT. § 45-101.02"