Nebraska Revised Statute 21-1713

Chapter 21 Section 1713

21-1713.

Line of credit, defined.

Line of credit shall mean a loan in which amounts are advanced to the borrower upon his or her request from time to time, pursuant to a preexisting contract and conditional or unconditional credit approval, and in which principal amounts repaid automatically replenish the funds available under the contract.

Source

  • Laws 1996, LB 948, § 13.