A Nebraska promissory note is a legal tool to aid lenders in receiving timely repayments from borrowers in a financial lending transaction. These templates encompass various aspects, including both parties’ personal information and the specifics of the agreement. Be sure to review the details of each to choose the one that best fits your lending scenario.
Laws: Promissory notes fall under Nebraska Revised Statutes Chapter 45.
Statute of Limitations: Five years (§25-205).
By Type
Usury Laws and Interest Rates
The promissory note must adhere to Nebraska’s usury laws as outlined in Nebraska Revised Statutes Chapter 45:
- With a Contract (§ 45-101.03): 16% per annum
- Without a Contract (§ 45-102): Legal interest rate of 6%.
- For judgments (§ 45-103): 1% above bond equivalent yield; rate of contract; or specifically provided by law.
- For Delinquent Tax Payments Owed To The State (§ 45-104.01): 14% per annum.
