If the lender responds with a letter of commitment, the supplier may not obtain a lien for the amount stated in the letter of commitment. If the lender responds with a written refusal to issue a letter of commitment, the rights of the lender and the supplier are not affected by sections 52-1401 to 52-1411 , and any prior perfected lien of the lender under the Uniform Commercial Code shall retain its established priority.
Neb. Rev. Stat. § 52-1404
Lender response; effect
Laws 1987, LB 101, § 4.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.