21-1713. Line of credit, defined.
49 words·~1 min read·
/ne/chapter-21/21-1713A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.