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Nebraska Promissory Note
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Nebraska at a glance: Usury Limit: 16% per year · Governing Law: Neb. Rev. Stat. § 45-101.03
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Overview
Promissory Notes in Nebraska
Nebraska sets the legal default interest rate at 6% and the contract rate cap at 16% per year on written agreements.
Key Facts
Nebraska Promissory Note — Quick Reference
| Requirement | Nebraska Rule |
|---|---|
| Usury Limit | 16% per year |
| Governing Law | Neb. Rev. Stat. § 45-101.03 |
Legal Requirements
Nebraska Legal Requirements
- Interest rates must stay below 16% per year on personal contracts.
Governing Laws
Nebraska Governing Laws
Read the full text of these laws at Cornell Law School's Nebraska legal resources or your state legislature's official website.
Questions & Answers
Nebraska Promissory Note — Frequently Asked Questions
What is the usury limit in Nebraska?
The maximum interest rate on written contracts is 16% per year.