The Delayed Deposit Services Licensing Act was passed by the Legislature in 1994, giving the Nebraska Department of Banking and Finance the authority to regulate businesses commonly known as payday lenders. By state statute, these businesses are "Delayed Deposit Services."

A Delayed Deposit Service, or DDS, basically allows individuals to obtain cash using a check as collateral for a maximum 34-day period. There are laws governing the business practices of these companies, which you can find under the Delayed Deposit Services/Payday Lenders menu and the DDS Statutes link. As the regulatory entity of these businesses, our agency has the authority to investigate complaints, to conduct exams of these businesses to ensure compliance with state law and to assess fines when violations have been discovered.