FOR IMMEDIATE RELEASE
For more information contact:
Carleton Sales Team
574.243.6040 option #3
sales@carletoninc.com
Summary
Nebraska enacted Legislative Bill 717 (LB 717), which expands the scope of the Nebraska Installment Loan and Sales Act (NILSA) by increasing the threshold for covered consumer loans from $25,000 to $100,000. As a result, a broader range of consumer-purpose loans with terms of six months or more will now fall within the NILSA licensing and compliance framework.
LB 717 applies to non-exempt entities that make, service, market, purchase, or otherwise participate in covered consumer loans, including participants in bank-originated programs. Entities that previously relied on the $25,000 threshold to remain outside NILSA may now require licensing and must comply with updated statutory requirements.
Effective: Three months after adjournment of the 2026 legislative session (projected effective date July 17 or 18, 2026).
Action Steps
- If operating in Nebraska, review your current lending limits and/or licenses.
- Reach out to Carleton Support via the customer support portal if you would like to review your current files.
About Carleton, Inc.
Carleton provides integrated financial solutions that support the full lending lifecycle, delivering accurate and compliant loan origination calculations, automated document generation and delivery, and expert audit and compliance services nationwide. For more than 55 years, Carleton has been trusted by lenders, financial institutions, and technology providers to navigate complex federal and state regulations while reducing risk and improving operational efficiency. By unifying calculation accuracy, regulatory compliance, and document workflows into a foundational solution, Carleton elevates its partners’ platforms, helping them accelerate funding, maintain confidence in compliance, and focus on growing their business. To learn more about Carleton’s lending solutions, contact our sales team at sales@carletoninc.com or 574-243-6040 option #3.
