This bill amends the Nebraska Money Transmitters Act by adding a new section that establishes a fee structure for money transmission transactions sent to individuals outside the United States. Specifically, it mandates that licensees or authorized delegates collect a fee equal to either ten percent of the transaction value or a maximum of ten thousand dollars, whichever is less. Additionally, the bill requires that these fees be remitted quarterly to the relevant department, using a form prescribed by the department in collaboration with the Nebraska State Patrol, with a deadline of the fifteenth day of the month following each calendar quarter.

The bill also specifies that it will become operative on January 1, 2026, and it repeals the original section 8-2701 of the Reissue Revised Statutes of Nebraska. The inclusion of these provisions aims to harmonize the existing regulations surrounding money transmission in Nebraska while introducing a new revenue mechanism for the state.

Statutes affected:
Introduced: 8-2701