Nebraska Revised Statutes

Neb. Rev. Stat. § 76-1015 (2026)

Sale of trust property; limitation of action

✓ current as of July 2026

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The trustee's sale of property under a trust deed shall be made within the period prescribed in section 25-205 for the commencement of an action on the obligation secured by the trust deed unless the beneficiary elects to foreclose a trust deed in the manner provided for by law for the foreclosure of mortgages on real estate as provided in section 76-1005, in which case the statute of limitations for the commencement of such action shall be the same as the statute of limitations for mortgages pursuant to section 25-202.

Notes of Decisions

Cited in 3 cases, 1996–2016 · leading case: Doty v. West Gate Bank, 874 N.W.2d 839 (Neb. 2016).

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Doty v. West Gate Bank, 874 N.W.2d 839 (Neb. 2016). · cites it 2× “16 § 76-1015 (emphasis supplied). - 796 - Nebraska A dvance Sheets 292 Nebraska R eports DOTY v.”

PSB Credit Servs., Inc. v. Rich, 558 N.W.2d 295 (Neb. 1997). · cites it 5× “In sustaining the demurrer, the court concluded that the 5-year statute of limitations referred to in Neb. Rev. Stat. § 76-1015 (Reissue 1990) of the Nebraska Trust Deeds Act applied and that, therefore, PSB was barred *476 from bringing its action.”

Psb Credit Servs., Inc. v. Rich, 552 N.W.2d 58 (Neb. Ct. App. 1996). · cites it 11× “This appeal raises the first impression issue of whether the time for commencement of an action to foreclose on real property under a deed of trust is governed by the 5-year statute of limitations under Neb. Rev. Stat. § 76-1015 (Reissue 1990) or by the 10-year statute of…”

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