Concepts of Nebraska Managed Rental Program

This document contains information for Fully Managed Rentals also known as Nebraska Managed Rental Program or NMRP. If your store has previously rented using the NBC Textbook Rental Partnership Version 1 or 2 and would like to switch to Nebraska Managed Rental Program, please contact support to coordinate the timing of the switch as certain processes must be completed before you can change from one rental program to another. For the purposes of this document, Nebraska Managed Rental Program will be referred to as "NMRP".
Some of the key features of NMRP include:

• The store rents all titles which are rentable through NMRP.
• Rental pricing is determined by the retail price of the title minus the rebate amount.
• Rentals are will be considered "sales" at the time of the rental and will be reflected as such by adjusting Stock On Hand when Rentals are posted and on the Stock Ledger.
• Rental rebates will be reported on each transaction as an AR account sale. The rebate check will be used to pay into this account.
• The full rental rebate amount will be paid after each month's rentals are reported.
• Nebraska is responsible for rental remind emails and charging for rentals not returned.
• Rentals will be reconciled using a hammer option at the end of a period to designate what will be sent to Nebraska and what will be kept.
• Store will receive an invoice for any rentals which were rented through NMRP and returned by the students, but not sent to Nebraska