2014 Nebraska Revised Statutes
Chapter 52 - LIENS
52-1403 - Lien-notification statement; lender response.


NE Code § 52-1403 (2014) What's This?

52-1403. Lien-notification statement; lender response.

Within fifteen calendar days after receiving a lien-notification statement, the lender shall respond to the supplier with either:

(1) A letter of commitment for part or all of the amount in the lien-notification statement and, if the letter of commitment is for only part of the amount in the lien-notification statement, then a copy of the partial commitment shall be sent to the person to whom the agricultural production input was furnished or is to be furnished; or

(2) A written refusal to issue a letter of commitment, and a copy of such refusal shall be sent to the person to whom the agricultural production input was furnished or is to be furnished.

Source

    Laws 1987, LB 101, ยง 3.


Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.