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2009 Nebraska Code
Chapter 21 CORPORATIONS AND OTHER COMPANIES
21-1713 Line of credit, defined.

21-1713. Line of credit, defined.

Line of credit shall mean a loan in which amounts are advanced to the borrower upon his or her request from time to time, pursuant to a preexisting contract and conditional or unconditional credit approval, and in which principal amounts repaid automatically replenish the funds available under the contract.

Source
    Laws 1996, LB 948, ยง 13.



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