Nebraska § 45-191.07 - Violation of loan brokerage agreement by loan broker; effect.
Full text of Nebraska Revised Statutes of Nebraska § 45-191.07 — Violation of loan brokerage agreement by loan broker; effect., with citation guidance and answers to common questions.
§ 45-191.07. Violation of loan brokerage agreement by loan broker; effect.
(1) If a loan broker materially violates the loan brokerage agreement, the borrower may upon written notice void such loan brokerage agreement. In addition, the borrower may recover all money paid to the loan broker and any other damages, including reasonable attorney's fees. The loan broker shall be deemed to have materially violated the loan brokerage agreement if the loan broker does any of the following:
(a) Makes false or misleading statements relating to the loan brokerage agreement;
(b) Does not comply with the loan brokerage agreement or any obligations arising from the loan brokerage agreement;
(c) Does not grant the borrower a loan or diligently attempt to obtain a loan for the borrower; or
(d) Does not comply with the requirements of sections 45-189 to 45-191.11.
(2) Remedies under this section shall be in addition to any other remedies available in law or equity.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 45-191.07
What does Revised Statutes of Nebraska § 45-191.07 cover?
Section 45-191.07 ("Violation of loan brokerage agreement by loan broker; 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 § 45-191.07?
A common citation format is "Revised Statutes of Nebraska § 45-191.07" (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 § 45-191.07 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.