{"data":{"id":"us-ne/neb.-u.c.c.-9-513","jurisdiction":"us-ne","citation":"Neb. U.C.C. § 9-513","heading":"Termination statement.","body":"(a) Within twenty days after a secured party receives a signed demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:\n(1) except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value;\n(2) the financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation;\n(3) the financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or\n(4) the debtor did not authorize the filing of the initial financing statement.\n(b) Except as otherwise provided in section 9-510, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in section 9-510, for purposes of sections 9-519(g), 9-522(a), and 9-523(c), the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse.\n(c) There is no fee for the filing of a termination statement.","path":["Uniform Commercial Code","Article 9"],"source_url":"https://nebraskalegislature.gov/laws/ucc.php?code=9-513","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:12Z","sha256":"17cdca780f6f8e917b6c900ed88764e2c041523589af9b41a6c3f88d87b45027","source_id":"us-ne","stale":true,"prev":"us-ne/neb.-u.c.c.-9-512","next":"us-ne/neb.-u.c.c.-9-513a"},"notice":"GroundRules: Original legal text. Not legal advice."}