Nebraska Revised Statute 21-1713
Chapter 21 Section 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.
- Laws 1996, LB 948, § 13.