Nebraska § 52-1404 Lender response; effect

Nebraska Statutes

§ 52-1404 — Lender response; effect

Nebraska § 52-1404

Ch. 52Liens

This text of Nebraska § 52-1404 (Lender response; effect) 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. § 52-1404 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.