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Consumer Lending Licenses
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Any person or business wishing to conduct lending businesses with Nebraska residents must be licensed with the Nebraska Department of Banking & Finance. This section applies to installment loan and sales finance lenders and loan brokers. See the Consumer Lending Regulation page for information regarding each of these businesses.
Installment Loan License Requirements
An Installment Loan License must be issued before any business is conducted. This license is valid from the date of issuance until the following March 1, at which time the license must be renewed.
To obtain an Installment Loan License, an applicant must submit:
- a complete Installment Loan License Application (no unanswered questions);
- an original surety bond in the amount of $50,000 issued by a surety company authorized to do business in Nebraska;
- a current (not over six months old), audited corporate financial statement; and
- a non-refundable application fee in the amount of $500 made payable to the Nebraska Department of Banking and Finance.
Once the application has been determined to be complete and all information has been submitted, a hearing may be scheduled. A notice of the filing of the application will be published in appropriate newspapers. Costs of the hearing and notice publication are the responsibility of the applicant. Once all procedures have been completed, the department will approve or deny the license application. The applicant will be notified in writing of the department's determination within 90 days of the date the completed application was filed.
Apply for a License
Renew a License
Sales Finance License Requirements
A Sales Finance License must be issued before any business is conducted. This license is valid from the date of issuance until the following October 1, at which time the license must be renewed.
To obtain a Sales Finance License, an applicant must submit:
- a complete Application for a Sales Finance License (no unanswered questions);
- a current (not over six months old), audited corporate financial statement; and
- a non-refundable application fee in the amount of $150 made payable to the Nebraska Department of Banking and Finance.
Once the application has been determined to be complete and all information has been submitted, the department will review the documentation to ensure it is complete. In some instances, the department can schedule a hearing. Under these circumstances, a hearing notice will be published in appropriate newspapers. Costs of the hearing and notice publication are the responsibility of the applicant. Once all procedures have been completed, the department will approve or deny the license application. The applicant will be notified in writing of the department's determination.
Apply for a License
Loan Broker License
Please contact our agency for information on how to obtain a loan broker license. Contact information can be found in the link below.
Apply for a license
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