Nebraska § 69-2111 - Renegotiation; when; extension; effect.
Full text of Nebraska Revised Statutes of Nebraska § 69-2111 — Renegotiation; when; extension; effect., with citation guidance and answers to common questions.
§ 69-2111. Renegotiation; when; extension; effect.
(1) A renegotiation shall be deemed to occur when an existing consumer rental purchase agreement is satisfied and replaced by a new agreement undertaken by the same consumer. A renegotiation shall be considered a new agreement requiring new disclosures. Renegotiation shall not include:
(a) The addition or return of property in a multiple-item agreement or the substitution of leased property if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent;
(b) Deferral or extension of one or more periodic payments or portions of a periodic payment;
(c) A reduction in charges in the agreement;
(d) An agreement involving a court proceeding; and
(e) Any other event described in rules and regulations adopted and promulgated by the department.
(2) No disclosures shall be required for any extension of a consumer rental purchase agreement.
Frequently Asked Questions About Nebraska § 69-2111
What does Revised Statutes of Nebraska § 69-2111 cover?
Section 69-2111 ("Renegotiation; when; extension; effect.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 69-2111?
A common citation format is "Revised Statutes of Nebraska § 69-2111" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 69-2111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.