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2025 Nebraska Revised Statutes
Chapter 21 - Corporations and Other Companies
21-1713 - Line of credit, defined.
Universal Citation:
NE Code § 21-1713 (2025)
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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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