This bill amends the Nebraska Money Transmitters Act by adding new provisions regarding fees associated with money transmission transactions sent to individuals outside the United States. Specifically, it introduces a requirement for licensees or authorized delegates to collect a fee for each transaction, which is set at either ten percent of the transaction's value or a maximum of ten thousand dollars, whichever is less. Additionally, the bill mandates 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 the end of each calendar quarter.

The bill also establishes an operative date of January 1, 2026, for these new provisions to take effect. Furthermore, it repeals the original section 8-2701 of the Reissue Revised Statutes of Nebraska, thereby updating the legal framework governing money transmission in the state.

Statutes affected:
Introduced: 8-2701