Neb. Rev. Stat. §§ 52-1404

Current with changes through the 2024 First Special Legislative Session
Section 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.

Neb. Rev. Stat. §§ 52-1404

Laws 1987, LB 101, § 4.