Nebraska Commercial Collection Agency

AAB is a Nebraska commercial collection agency that specializes in commercial debt collections. AAB collects NE debt and here are some facts to consider when you are selecting a collection agency in Nebraska.

AAB covers all of Nebraska or NE and our collection agency handles commercial Nebraska debtors in Bellevue, Grand Island, Lincoln, Omaha and other cities in Nebraska. We are primarily a Business Collection Agency.

A collection agency must be licensed in Nebraska to collect debt that is consumer or commercial. In the case of contractual interest rates of 16% a court in Nebraska will consider the loan agreement itself to be void.

Below there are summary points on Nebraska regulations and Laws that affect a Nebraska collection agency. These points should be considered when contemplating listing commercial debt for collection with a Nebraska commercial collection agency.

Nebraska Collection Laws

NOTE: The Nebraska commercial collection guidelines below are summary in nature and subject to change. While we make every effort to insure accuracy, the information below should not be considered legal advice or to be one hundred percent accurate. No warranty is expressed or implied and AAB assumes no liability for its use.

Nebraska Collection Interest Rates

Nebraska Legal Rate: 6%
Contract Rate: 16% (numerous exceptions)
Single Payment Loans of $1000 or less: 10% (loan term 1 year or under)
Judgment: 2% two percentage points above the bond investment yield published by the Secretary of the Treasury of the United States
Usury % Cap: 16%

A Nebraska commercial collection agency can only charge interest at the rates above.

Nebraska Statute of Limitations

Nebraska Oral Contracts: 4 Years
Contracts: 5 Years
Foreign Judgment: 5 Years
Judgment: 5 Years if Judgment not executed out

Bad or NSF Check collection charges in Nebraska

Nebraska only allows the Payee to charge $10 plus reasonable financial institution fees. However, Civil penalties can be severe.

Nebraska Collection Agency Laws

Nebraska State Licensing: Yes
Agency Bond: $5,000 to $15,000
Trust Account: No
State Fees: Varies

Information above on commercial collections and the Nebraska Collection Agency Laws is provided to help potential Clients looking for a commercial collection agency in Tennessee. We encourage potential Clients looking for commercial solutions to request a free consultation with our Nebraska Commercial Collection Agency.

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Nebraska Cities

Bellevue, NE
Grand Island, NE
Lincoln, NE
Omaha, NE