Section 45-14-002 - REPORTS002.01 A bank must establish and use an inspection and appraisal report. The report shall contain the following minimum information:002.01A Date of inspection and appraisal.002.01B Name, address, and signature of the borrower.002.01C Date and amount of original note secured by the livestock.002.01D Total obligation of borrower to the bank.002.01E Date of security agreement and financing statement.002.01F Inventory of the livestock by actual count.002.01G Value of livestock per head.002.01H Total value of livestock.002.01I Name, title, and signature of individual making the inspection.002.02 The inspection and appraisal report must be completed within thirty days of origination of the loan and additional inspections completed at least annually thereafter, or more often as prescribed by the Department.002.03 In the case of livestock feeding operations, the inspections and appraisals should be performed every ninety days or more frequently depending on the turnover of the inventory.45 Neb. Admin. Code, ch. 14, § 002
Adopted effective 11/25/2023