Initiative 428 capped cash advances at 36% APR after an 83% voter approval in 2020.
What a Cash Advance Costs in Nebraska
Nebraska's Initiative 428, approved by roughly 83% of voters in 2020, caps delayed-deposit cash advances at 36% APR, $500, and a 34-day maximum term.
Loan Size, Term, and Renewal Rules
The decisive vote reshaped the state's short-term lending market toward compliant, lower-cost products.
| Factor | Rule |
|---|---|
| Rate cap | 36% APR (Initiative 428) |
| Maximum advance | $500 |
| Maximum term | 34 days |
Verify current rules with the Nebraska Department of Banking and Finance before applying with any lender — this summary is for general information only, not legal advice.
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