Statute 45 351 01

45-351.01. Holder of contract; extension or deferment authorized; fee.The holder of a retail installment contract may, upon agreement with the buyer:(1) Extend the scheduled due date or defer the scheduled payment of any installment payment under the retail installment contract; and(2) Charge and collect a reasonable flat service fee for such extension or deferment in addition to the time-price differential calculated for the period of such extension or deferment at the rate originally agreed upon in the retail installment contract on the outstanding balance.Source Laws 1994, LB 979, § 14.