§ 25-3308.Registration fee; renewal fee.
Article 33: Nonrecourse Civil Litigation Act · Last amended 2020 · Last verified July 22, 2026
Full Text of § 25-3308
Source
Laws 2010, LB1094, § 8; Laws 2020, LB910, § 10.
Plain-English Summary
Section 25-3308 handles the money side of the registration system set up in section 25-3307. An application for registration or renewal must be accompanied by the applicable fee. The Secretary of State may, by rule and regulation, set those fees at rates sufficient to cover the costs of administering the act, if any such fees are required.
Fees collected under this section go to the Secretary of State, who remits them to the State Treasurer for credit to the Secretary of State Cash Fund, rather than the state’s general fund. That structure ties the cost of running the registration system to the fees the regulated companies themselves pay.
Frequently Asked Questions
Does a civil litigation funding company have to pay a fee to register?
The section contemplates an application fee or renewal fee accompanying the application, with the Secretary of State setting the rate if any such fee is required.
Who sets the amount of the registration or renewal fee?
The Secretary of State, by rule and regulation, at a level sufficient to cover the cost of administering the Nonrecourse Civil Litigation Act.
Where does the fee money go?
The Secretary of State collects it and remits it to the State Treasurer for credit to the Secretary of State Cash Fund.
Can the Secretary of State change the fee amount later?
Yes. The fee is set by rule and regulation, which the Secretary of State can adjust to keep pace with the cost of administering the act.
Is a fee required for both a first-time registration and a renewal?
The section addresses both, referring to an application for registration fee and a renewal of registration fee, as applicable.