§ 25-3305 Assessment of fees; restrictions; calculations

Codes > Nebraska Revised Statutes > Chapter 25 > Article 33 > 25-3305 Assessment

25-3305. Assessment of fees; restrictions; calculations

    (1) A civil litigation funding company may not assess fees for any period exceeding thirty-six months from the date of the contract with the consumer.

    (2) Fees assessed by the civil litigation funding company shall compound at least semiannually but shall not compound based on any lesser time period.

    (3) In calculating the annual percentage fee or rate of return, a civil litigation funding company shall include all charges payable directly or indirectly by the consumer and shall compute the rate based only on amounts actually received and retained by a consumer.