Updated on 8/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Nebraska. Below you will find the following information:
Lawsuit loan alternatives in Nebraska
Lawsuit loans are expensive. Plaintiffs in Nebraska should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Nebraska Housing and Rental Assistance Programs – these programs offer resources for low-income Nebraska residents, including locating rental counseling services, finding local Public Housing Agencies, and applying for Section 8 housing.
- Nebraska Medicaid – Nebraska Medicaid provides medical and dental insurance to qualifying low-income Nebraskans, as well as low-income seniors in need of long-term care.
- Supplemental Nutrition Assistance Program (SNAP) – SNAP provides financial assistance to Nebraskans with limited cash savings (under $2,250, or $3,500 for those with an elderly or disabled dependent) and monthly pre-tax income that falls below the state poverty thresholds.
- Energy Assistance (LIHEAP) – this program offers financial assistance to reduce the costs of heating and cooling for qualifying low-income Nebraska residents.
- Other Nebraska Assistance Programs – Additional support programs include Aid to Dependent Children (ADC), Women, Infants, and Children (WIC) nutritional assistance, and the Children’s Health Insurance Program (CHIP), a function of Nebraska Medicaid.
Lawsuit funding laws, regulation and relevant ethics opinions in Nebraska
Nebraska regulates the lawsuit cash advance industry with The Nonrecourse Civil Litigation Act. See below for details. The Nebraska Bar Association tacitly approves of funding. They have issued an ethics advisory opinion indicating that attorneys may refer clients to lawsuit lending companies with certain restrictions.
Laws regarding lawsuit loans in Nebraska
The Nonrecourse Civil Litigation Act regulates civil litigation funding companies doing business in the state. Lawsuit funding companies must register in the state. There is no imposed interest rate cap on lawsuit loans in Nebraska. There are, however, various disclosure requirements for pre-settlement lawsuit loan contracts.
Source: The Nonrecourse Civil Litigation Act
Can a lawyer lend money to a client in Nebraska?
Nebraska Lawyers can advance the costs of litigation for a client, however, they cannot help pay for living for medical expenses.
Source: Nebraska Rules of Professional Conduct 1.8(e)
Can attorneys help clients receive lawsuit loans in Nebraska?
It is ethical for attorneys to refer clients to third party lending agencies, as long as the attorney has the client’s best interests in mind.
Source: Nebraska Ethics Advisory Opinion for Lawyers No. 00-2
Lawsuit loan companies serving Nebraska
Recommended lawsuit loan companies funding Nebraska residents
US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.
Thrivest Link Legal Funding offers fair terms with a fast, efficient funding process. Many companies claim to offer same-day or 24-hour lawsuit loans but Thrivest Link Legal Funding often actually makes it happen.
Lawsuit loan companies located in Nebraska
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Nebraska. Local funding companies interested in being included on this page may contact us at [email protected]