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Form a Business

Line of credit, defined.

Neb. Rev. Stat. § 21-1713
in effect
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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. Laws 1996, LB 948, § 13.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=21-1713Fetched: 10/20/2026

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