This bill amends the Nebraska Money Transmitters Act by adding a new section that requires licensees or authorized delegates to collect a fee for each money transmission transaction sent to a person outside the United States. The fee is set at ten percent of the transaction 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 prescribed form, with a deadline of the fifteenth day of the month following the end of each calendar quarter.

The bill also specifies that the amended provisions will become operative on January 1, 2026, and it repeals the original section 8-2701 of the Reissue Revised Statutes of Nebraska. Overall, the legislation aims to harmonize the existing provisions of the Nebraska Money Transmitters Act while introducing a new fee structure for international money transmission transactions.

Statutes affected:
Introduced: 8-2701