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

Nebraska Statutes

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

Nebraska·Ch. 52 Liens

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.

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