{"data":{"id":"us-ne/neb.-rev.-stat.-76-2-122","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 76-2,122","heading":"Real estate closing agents; requirements; exemptions; enforcement; violation; penalty.","body":"(1) To act as a real estate closing agent, a person shall be (a) licensed or regulated by one or more regulating entities or (b) employed by a person or entity regulated by one or more regulating entities, unless employing such person to act as a real estate closing agent is otherwise prohibited by statute, rule, or regulation.\n(2) A person acting as a real estate closing agent shall:\n(a) Have received good funds which are available for disbursement at the time of closing a real estate transaction, except that up to one thousand five hundred dollars need not be available for disbursement from good funds;\n(b) Except as provided in section 81-885.21, deposit all funds received on behalf of another person in a trust account controlled by the real estate closing agent in a federally insured financial institution, except that up to one thousand five hundred dollars may be paid by one party directly to another party without first being deposited in a trust account controlled by the real estate closing agent; and\n(c) Except as provided in section 81-885.21, disburse closing funds only from the real estate closing agent's trust account in a federally insured financial institution in the form of good funds or in the form of a check drawn from the real estate closing agent's trust account.\n(3) The following real estate transactions are exempt from this section:\n(a) Transactions with a political subdivision which is exercising its power of condemnation or eminent domain;\n(b) Lease or rental transactions; and\n(c) Real estate transactions in which the closing occurs within one business day following another real estate closing and in which one party is a principal to both transactions, but only to the extent that the funds disbursed in the subsequent transaction are drawn upon funds properly received by a real estate closing agent in the prior transaction which were deposited in that real estate closing agent's trust account in a federally insured financial institution or as otherwise provided in section 81-885.21.\n(4) The Attorney General or any county attorney may act to enjoin the performance of real estate closings which violate this section.\n(5) A person acting as a real estate closing agent in violation of this section shall be guilty of a Class V misdemeanor.","path":["Chapter 76 - REAL PROPERTY"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=76-2,122","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:11Z","sha256":"dcc845c828545ef3f984e1d17bc70ffacb85d0c5407a9c8df71fdf5ed1ae2b20","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-76-2-121","next":"us-ne/neb.-rev.-stat.-76-2-123"},"notice":"GroundRules: Original legal text. Not legal advice."}