Nebraska § 45-803 - Exemptions.
Full text of Nebraska Revised Statutes of Nebraska § 45-803 — Exemptions., with citation guidance and answers to common questions.
§ 45-803. Exemptions.
(1) The following shall be exempt from the Credit Services Organization Act:
(a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.;
(b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association;
(c) A credit union doing business in this state;
(d) A nonprofit organization exempt from taxation under section 501(c)(3) of the Internal Revenue Code;
(e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license;
(f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney;
(g) A broker-dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation;
(h) A consumer reporting agency;
(i) A person whose primary business is making loans secured by liens on real property;
(j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and
(k) A person licensed to engage in the business of debt management pursuant to sections 69-1201 to 69-1217.
(2) The burden of proving an exemption under this section shall be on the person claiming the exemption.
Frequently Asked Questions About Nebraska § 45-803
What does Revised Statutes of Nebraska § 45-803 cover?
Section 45-803 ("Exemptions.") 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 § 45-803?
A common citation format is "Revised Statutes of Nebraska § 45-803" (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 § 45-803 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.