2014 Nebraska Revised Statutes
Chapter 52 - LIENS
52-1404 - Lender response; effect.

NE Code § 52-1404 (2014) What's This?

52-1404. Lender response; effect.

If the lender responds with a letter of commitment, the supplier may not obtain a lien for the amount stated in the letter of commitment. If the lender responds with a written refusal to issue a letter of commitment, the rights of the lender and the supplier are not affected by sections 52-1401 to 52-1411, and any prior perfected lien of the lender under the Uniform Commercial Code shall retain its established priority.


    Laws 1987, LB 101, ยง 4.

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