Adopts changes to federal law, modifies banking and finance provisions, and updates references in Nebraska Money Transmitters Act.
LB717 updates Nebraska's banking and finance regulations to align with federal law changes. It modifies provisions for control of certain banks and trust companies, digital asset depository institutions, interest rates on loans, and the Nebraska Money Transmitters Act. Digital asset depositories must maintain their main office in Nebraska and can conduct business outside the state. The bill also changes definitions and provisions related to mortgage loan originators, mortgage bankers, and the Nebraska Money Transmitters Act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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