{"data":{"id":"us-ne/neb.-rev.-stat.-58-245","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 58-245","heading":"Neb. Rev. Stat. § 58-245","body":"(1) For each loan made, purchased, sold, assigned, or committed for use in agricultural projects as defined in subdivision (2) of section 58-219 pursuant to the provisions of the Nebraska Investment Finance Authority Act, the authority shall prepare an individual written report which includes the following information:\n\n(a) The name and description of the lender;\n\n(b) The name of the loan guarantor or loan insurer, when applicable;\n\n(c) The amount and purpose of the loan;\n\n(d) A description of the agricultural enterprise for which the loan is to be used, including the county in which the enterprise is located;\n\n(e) The rate of interest applicable to the loan and the current interest rate in the conventional farm credit market for that locality;\n\n(f) The maturity date of the loan;\n\n(g) All conditions attaching to the loan;\n\n(h) The amount and description of fees associated with servicing and processing the loan;\n\n(i) Whether the borrower is an individual farmer, a farm partnership, a farm limited liability company, a farm corporation, or another farm entity;\n\n(j) The age of the borrower or, if the borrower is a farm partnership, a farm limited liability company, a farm corporation, or another farm entity, the ages of all of the owners, partners, or stockholders; and\n\n(k) A statement of the gross farm sales, total assets, total liabilities, and net worth of each borrower.\n\n(2) The authority shall also prepare, following the close of each fiscal year, a report which summarizes the individual loan reports required by subsection (1) of this section setting forth the following information regarding loans made during the immediately preceding fiscal year:\n\n(a) The number of loans;\n\n(b) The average principal amount of such loans;\n\n(c) The average interest rate savings with respect to such loans;\n\n(d) The average age of the borrowers;\n\n(e) The average net worth of the borrowers; and\n\n(f) A comparison of the items listed in subdivisions (a) through (e) of this subsection to the information included in the summary report for the prior year.","path":["NE Code","Chapter 58"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=58-245","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"385950e0d2e9c899c36954bcc374d98cb2e1f8516e0950dfd95edf585e12b801","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-58-244","next":"us-ne/neb.-rev.-stat.-58-246"},"notice":"GroundRules: Original legal text. Not legal advice."}