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Nebraska Amendment 7, Loan Definition and Regulation Amendment (1964)
| Nebraska Amendment 7 | |
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| Election date |
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| Topic Banking policy and State legislative authority |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Nebraska Amendment 7 was on the ballot as a legislatively referred constitutional amendment in Nebraska on November 3, 1964. It was approved.
A "yes" vote supported authorizing the legislature to define, classify, and regulate loans and installment sales, establishing maximum rates for them. |
A "no" vote opposed authorizing the legislature to define, classify, and regulate loans and installment sales, establishing maximum rates for them. |
Election results
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Nebraska Amendment 7 |
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| Result | Votes | Percentage | ||
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260,922 | 52.79% | ||
| No | 233,387 | 47.21% | ||
Text of measure
Ballot title
The ballot title for Amendment 7 was as follows:
| “ | Constitutional amendment authorizing the Legislature to separately define, classify and regulate loans and installment sales and to establish maximum rates therefor. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Nebraska Constitution
A 60% supermajority vote is required during one legislative session for the Nebraska State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 30 votes in the unicameral legislature, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot. A simple majority vote is required for voter approval. However, the number of affirmative votes cast for the measure must be greater than 35% of the total votes cast in the election. This also applies to citizen initiatives.
See also
External links
Footnotes
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State of Nebraska Lincoln (capital) |
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