45-918.03. Rescission; redemption.
67 words·~1 min read·
/ne/chapter-45/45-918-03A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A maker shall have the right to rescind a delayed deposit transaction before 5 p.m. the next business day following the delayed deposit transaction.
(2)Prior to the licensee negotiating or presenting the check, the maker shall have the right to redeem any check held by a licensee as a result of a delayed deposit transaction if the maker pays the full amount to the licensee.