State Codes and Statutes

Statutes > Nebraska > Chapter45 > 45-1052

45-1052. Borrower; loan; default; licensee; possession of collateral; restrictions.Upon default by a borrower with respect to a loan, unless the borrower voluntarily surrenders possession of the collateral to the licensee, the licensee may take possession of the collateral without judicial process only if possession can be taken without entry into a dwelling or a locked, unoccupied motor vehicle, and without the use of force or other breach of the peace. SourceLaws 1979, LB 87, § 15; R.S.1943, (1998), § 45-182; Laws 2001, LB 53, § 80.