21-1713 Line of credit, defined. - Nebraska Statutes

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. SourceLaws 1996, LB 948, § 13.