Nebraska § 52-1403 Lien-notification statement; lender response

Nebraska Statutes

§ 52-1403 — Lien-notification statement; lender response

Nebraska § 52-1403

Ch. 52Liens

This text of Nebraska § 52-1403 (Lien-notification statement; lender response) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 52-1403 (2026).

Text

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.

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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.