Nebraska Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Nebraska. With a population of 1,896,190, Nebraska is the 6th largest state in the United States, and ranks 24th for per capita fatal injuries (D.C. included).
Because funding regulation is complex, Uplift developed a funding-ease scale. This scale helps plaintiffs understand what part their state plays in lawsuit loan decisions. On a scale of 0 to 10, Nebraska scores a 5.0. This means that we consider it relatively tough for plaintiffs to get lawsuit loans in Nebraska. Read more information below about the legal funding environment in Nebraska.
Accident Injury in Nebraska
Nebraska’s yearly injury death rate of 55.0 per 100,000 places it -8.3% lower than the national average of 60.1.
Nebraska residents drive an estimated total of 20 billion miles yearly. That means the average Nebraska resident drives about of 10,601 miles per year. That figure is 10.1% higher than the U.S. national average of 9,630 miles per year.
Aside from miles driven, local seatbelt and drinking and driving habits play a large part in the auto accident death rate. Nebraska residents are fairly bad when it comes to buckling up, reporting a 79.0% use rate.
The drinking rate in Nebraska, or the percent of people who report drinking too much before driving at least once in the prior month is 3.4%, which is 84.0% higher than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in Nebraska is 13.0. This compares unfavorably to the US national average of 10.9, and costs the state $311 million yearly.
Nebraska Legal Funding Cheat Sheet
According to Title 25, Section 207, 25-207; the civil statute of limitations in Nebraska is 4 years. This means that you may lose the right to sue for negligence if you do not file your lawsuit within the limit.
The degree to which plaintiff negligence impacts the liability claim varies from state-to-state. Nebraska’s guideline is modified comparative fault with a 51% threshold. Essentially, this means that recovery is barred if plaintiff is more than 50% liable and otherwise reduced proportionally – Neb. Rev. Stat. §§ 25-21 and 185.11. Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Nebraska state minimum policy limits of:
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $10,000 property damage liability per accident
Regulation of Lawsuit Loans in Nebraska
Nebraska requires licensing and registration, outlines right to cancel; notice; statements required. Maximum of semi-annual compounding. Prominently displayed APR, etc. (Neb. Rev. Stat. § 25-3306).