59-1617. Exempted transactions; applicability of provisions.
(1) Except as provided in subsection (2) of this section, the Consumer Protection Act shall not apply to actions or transactions otherwise permitted, prohibited, or regulated under laws administered by the Director of Insurance, the Public Service Commission, the Federal Energy Regulatory Commission, or any other regulatory body or officer acting under statutory authority of this state or the United States. The Consumer Protection Act and federal antitrust laws shall not extend to or apply to (a) any actions or transactions on the part of any municipality or group of municipalities while engaged in regulating natural gas rates pursuant to the State Natural Gas Regulation Act or section 16-679 or 17-528.02 or as otherwise permitted by law or (b) any actions or transactions on the part of any public power and irrigation district, public power district, electric membership association, or joint authority created pursuant to the Joint Public Power Authority Act or of any agency created pursuant to the Municipal Cooperative Financing Act, cooperative, or municipality engaged in furnishing electrical service to customers at retail or wholesale if such actions or transactions are otherwise permitted by law.
(2) Actions and transactions prohibited or regulated under the laws administered by the Director of Insurance shall be subject to section 59-1602 and all statutes which provide for the implementation and enforcement of section 59-1602. Actions and transactions prohibited or regulated under the laws administered by the Board of Funeral Directing and Embalming or administered by the Department of Agriculture and actions and transactions relating to loan brokers which are prohibited or regulated pursuant to sections 45-189 to 45-191.11 and administered by the Department of Banking and Finance shall be subject to the Consumer Protection Act.
No penalty or remedy shall result from a violation of the Consumer Protection Act except as expressly provided in such act.
Source
Cross References
Annotations
The issuance of a certificate of deposit was exempted from the purview of the Consumer Protection Act under subsection (1) of this section because the bank was heavily regulated and the certificate of deposit form was indirectly approved by the Director of Banking and Finance, whose charge was to constructively aid banks in maintaining proper banking standards and efficiency. Wrede v. Exchange Bank of Gibbon, 247 Neb. 907, 531 N.W.2d 523 (1995).
Generally, institutions that are governed by the Nebraska Department of Banking and Finance or the Nebraska State Real Estate Commission are exempt from the provisions of the Consumer Protection Act. Little v. Gillette, 218 Neb. 271, 354 N.W.2d 147 (1984).
Under the provisions of this statute, where the Banking Act requires the director of the Department of Banking and Finance to "constructively aid banks in maintaining proper banking standards and efficiency", a bank is exempt from the Consumer Protection Act by reason of its failure to follow customary and standard banking practices. Hydroflo Corp. v. First Nat. Bank of Omaha, 217 Neb. 20, 349 N.W.2d 615 (1984).
Under the provisions of this section, an installment loan by an industrial loan and investment company, regulated by the Nebraska Department of Banking and Finance, is exempt from the Consumer Protection Act, sections 59-1601 et seq. McCaul v. American Savings Co., 213 Neb. 841, 331 N.W.2d 795 (1983).
Nebraska Consumer Protection Act, sections 59-1601 to 59-1623, does not apply to an installment loan made by a licensee under the installment loan act, sections 45-114 to 45-158. Kuntzelman v. Avco Financial Services of Nebraska, Inc., 206 Neb. 130, 291 N.W.2d 705 (1980).
Structure Nebraska Revised Statutes
Chapter 59 - Monopolies and Unlawful Restraint of Trade
59-501 - Sales; discrimination; when unlawful.
59-502 - Sales; unlawful discrimination; prima facie evidence.
59-503 - Purchases; discrimination; when unlawful.
59-504 - Purchases; unlawful discrimination; prima facie evidence.
59-505 - Unlawful discrimination; penalty.
59-506 - Unlawful discrimination; contracts void.
59-507 - Attorney General, county attorneys; duty to enforce sections.
59-801 - Restraint of trade or commerce; unlawful; penalty.
59-802 - Monopolizing trade or commerce; unlawful; penalty.
59-803 - Violation; property under contract forfeited.
59-805 - Restraint of trade; underselling; penalty.
59-806 - Holding companies; when unlawful.
59-807 - Books of record and papers; inspection by Attorney General.
59-810 - Second or subsequent violations; ouster; injunction.
59-811 - Second or subsequent violations; duty of Attorney General.
59-812 - Violators; actions against; joinder of parties.
59-813 - Violators; ouster; injunctions; business affected with a public interest; decree.
59-814 - Violators; parties to employment contract; injunction.
59-816 - Violation; company officers; personal liability.
59-818 - Seeking or receiving special advantages; transport of article; when unlawful; penalty.
59-819 - Violations; jurisdiction; powers of courts.
59-820 - Violations; civil proceedings; subpoena; may issue to any county.
59-821 - Violations; recovery of actual or liquidated damages; attorney's fees.
59-821.01 - Illegal overcharge or undercharge case.
59-823 - Violations; actions brought by state; advancement of cause; appeal.
59-824 - Violations; proceedings; evidence; discovery; privilege not allowed.
59-825 - Violations; proceedings; refusal to attend and testify; penalty.
59-826 - Violations; proceedings; perjury; penalty.
59-827 - Violations; proceedings; subornation of perjury.
59-829 - Antitrust action; construction; federal law.
59-831 - Violations; recovery; disposition.
59-1403 - License; tax; Department of Revenue; rules and regulations.
59-1403.01 - Music licensing agency; registration; fine; list of members.
59-1403.02 - Music licensing agency; duties; contract requirements.
59-1403.03 - Music licensing agency; disclosures; representative or agent; prohibited acts.
59-1403.04 - Department of Revenue; duties.
59-1403.05 - Act, how construed.
59-1404 - Copyright owner; assigns; licensees; benefits.
59-1405 - Discrimination in price; price changes; exceptions.
59-1406 - Violations; penalty.
59-1503 - Sale of cigarettes; unlawful acts; enumerated.
59-1504 - Sale of cigarettes; cost to retailer; filing with division.
59-1505 - Sale of cigarettes; cost to wholesaler; filing with division.
59-1506 - Sale of cigarettes; advertising, offers for sale, sales; combination sales.
59-1507 - Sale of cigarettes; sale by wholesaler to another wholesaler; sale price; limitation.
59-1508 - Sale of cigarettes; transactions excepted.
59-1509 - Sale of cigarettes; transactions permitted to meet lawful competition.
59-1510 - Sale of cigarettes; contracts void.
59-1511 - Sale of cigarettes; admissible evidence.
59-1512 - Sale of cigarettes; sales outside ordinary channels.
59-1513 - Sale of cigarettes; cost survey.
59-1514 - Cigarette tax division; rules and regulations.
59-1515 - Sale of cigarettes; actions; remedies.
59-1516 - Revocation of license; procedure; appeal.
59-1517 - Cigarette tax division; enforcement of sections.
59-1518 - Cigarette tax division; powers vested by other laws.
59-1523 - Disciplinary actions; contraband.
59-1524 - Deceptive trade practice.
59-1602 - Unfair competition; practices; unlawful.
59-1603 - Contracts, combinations, conspiracies in restraint of trade; unlawful.
59-1604 - Monopolies and attempted monopolies; unlawful.
59-1607 - Labor not an article of commerce.
59-1608 - Attorney General; restrain prohibited acts; costs; restoration of property.
59-1608.01 - Enforcement of act; venue.
59-1608.03 - Recovery under act; Attorney General; duties.
59-1608.04 - State Settlement Cash Fund; created; use; investment; transfer.
59-1608.05 - State Settlement Trust Fund; created; use; investment.
59-1609 - Civil action for damages.
59-1609.01 - Illegal overcharge or undercharge; damages; proof; court; powers.
59-1612 - Limitation of action.
59-1613 - Final judgment or decree; prima facie evidence in civil action; exception.
59-1614 - Civil penalties; Attorney General; duties.
59-1615 - Dissolution, suspension, or forfeiture of corporate franchise.
59-1616 - Personal service of process outside state.
59-1617 - Exempted transactions; applicability of provisions.
59-1618 - Agricultural products; producers; associations; form; requirements.
59-1620 - Contracts and agreements in restraint of trade; void; voidable.
59-1621 - Conspiracy in restraint of trade; findings; prima facie evidence.
59-1622 - Officers; liable for debts and obligations; when.
59-1701 - Legislative intent and findings; seller-assisted marketing plans.
59-1702 - Definitions; where found.
59-1703 - Seller-assisted marketing plan, defined.
59-1711 - Seller-assisted marketing plan contract or contract, defined.
59-1712 - Initial payment, defined.
59-1713 - Buy-back or secured investment, defined.
59-1714 - Ongoing business, defined.
59-1714.01 - License, defined.
59-1715 - Seller-assisted marketing plan; securities excluded.
59-1716 - Seller-assisted marketing plan; real estate or insurance transactions; excluded.
59-1717 - Seller-assisted marketing plan; sales under certain license; excluded.
59-1718 - Seller-assisted marketing plan; sale or lease to ongoing business enterprises; excluded.
59-1719 - Seller-assisted marketing plan; sale of an ongoing business; excluded.
59-1720 - Seller-assisted marketing plan; certain sale, lease, or offer; excluded.
59-1721 - Seller-assisted marketing plan; renewal or extension of existing plan; excluded.
59-1722 - Transaction involving the sale of a franchise; exempt; exception; conditions; fee.
59-1723 - Seller-assisted marketing plan; sale, lease, or offer; occurs; when.
59-1725 - Marketing plan; violations; investigations; director; powers.
59-1726 - Marketing plan; seller; use of certain phrases; prohibited.
59-1727 - Marketing plan; buy-back or security investment provision; invoked; entitlement.
59-1729 - Marketing plan; earning potential claim; substantiated by data.
59-1730 - Marketing plan; advertising; commercial symbol; requirements.
59-1731 - Marketing plan; advertisement; name and address of seller; required.
59-1732 - Seller-assisted marketing plan; potential purchaser; seller provide disclosure document.
59-1733 - Disclosure document; information; requirements.
59-1735 - Disclosure document; contents; requirements.
59-1736 - Seller; officers, directors, partners, managers; conviction or judgment; disclosure.
59-1737 - Disclosure document; disclose period of time plan sold or offered.
59-1738 - Disclosure document; disclose existence of bond or trust account.
59-1739 - Disclosure document; contain financial information; verification.
59-1740 - Disclosure document; contain unexecuted copy of marketing plan contract.
59-1741 - Seller-assisted marketing plan; contract for sale or lease; written; copy to purchaser.
59-1742 - Marketing plan contract; contents; requirements.
59-1743 - Marketing plan contract; purchaser; right to cancel; when.
59-1744 - Marketing plan contract; contain notice of right to cancel.
59-1745 - Marketing plan contract; execution of certain notes prohibited.
59-1746 - Marketing plan contract; downpayment; conditions.
59-1747 - Marketing plan contract; assignee; rights, defenses.
59-1748 - Reference to compliance with act; prohibited.
59-1749 - Marketing plan; seller; records required.
59-1750 - Seller-assisted marketing plan; service of process.
59-1751 - Seller; surety bond or trust account; establish; procedures.
59-1752 - Seller; noncompliance with act; contract; voidable; purchaser; remedies.
59-1753 - Seller; inadvertent defects; cure; purchaser; rights.
59-1754 - Seller; failure to deliver products; contract voidable.
59-1755 - Purchaser rights; cumulative.
59-1756 - Purchaser; waiver of rights; unenforceable.
59-1757 - Prohibited acts; violation; penalty; enforcement.
59-1758 - Violation; action for recovery of damages; award; statute of limitations.
59-1759 - Remedies; not exclusive.
59-1760 - Statutory or common-law rights; available.
59-1761 - Unfair competition and deceptive practices statutes; applicable.
59-1762 - Director of Banking and Finance; powers; rules and regulations.