Nebraska § 52-1404 Lender response; effect

Nebraska Statutes

§ 52-1404 — Lender response; effect

Nebraska·Ch. 52 Liens

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.

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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.

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