§ 25-3107.Act; applicability.

Article 31: Structured Settlements Transfers Protection Act and Nebraska Statutory Thresholds for Settlements Involving Minors Act · Last amended 2001 · Last verified July 22, 2026

In one sentenceThis section limits the Structured Settlements Transfers Protection Act to transfer agreements entered into on or after January 1, 2002, leaving earlier transfers outside its court-approval requirement.

Full Text of § 25-3107

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The Structured Settlements Transfers Protection Act applies to any transfer of structured settlement payment rights under a transfer agreement entered into on or after January 1, 2002.

Source

Laws 2001, LB 55, § 7.

Plain-English Summary

Section 25-3107 sets the Act’s starting line. The Structured Settlements Transfers Protection Act applies to any transfer of structured settlement payment rights made under a transfer agreement entered into on or after January 1, 2002. A transfer agreement signed before that date falls outside the Act’s court-approval and disclosure requirements, since the Act did not yet govern that transaction.

For anyone reviewing an older structured settlement transfer today, the date the transfer agreement was signed — not the date the underlying structured settlement began, and not the date a dispute over the transfer later arises — decides whether this Act’s protections ever applied to it.

Frequently Asked Questions

When did the Structured Settlements Transfers Protection Act start applying to transfer agreements?

To transfer agreements entered into on or after January 1, 2002.

Does the Act reach back to transfer agreements signed before 2002?

No. Section 25-3107 limits the Act to transfer agreements entered into on or after January 1, 2002.

What date determines whether the Act applies to a particular transfer?

The date the transfer agreement was entered into, not the date the underlying structured settlement was created.

Why would the Act’s applicability date matter to a payee today?

It determines whether the court-approval, disclosure, and no-waiver protections in sections 25-3104 through 25-3106 ever governed a specific transfer agreement.

Does this section change any of the Act’s substantive requirements?

No. It only fixes the date from which those requirements apply.

Source & verification. Section text and the amendment-history citation are reproduced verbatim from the Nebraska Legislature, Revisor of Statutes, enacted by the Nebraska Legislature. Last verified July 22, 2026. · Official source

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