The bill amends various sections of the Nebraska Revised Statutes to modernize banking and financial regulations, aligning them with federal standards. Key provisions include allowing entities with pending applications for charters to use terms like "bank" and "trust," provided they cease usage if their applications are denied. The bill also introduces specific requirements for loan limits, particularly for loans secured by livestock, and updates age-related provisions to ensure all individuals can become depositors. Additionally, it clarifies regulations surrounding automatic teller machines (ATMs), ensuring nondiscriminatory access for Nebraska customers, and outlines new procedural requirements for banks establishing branches.

Further amendments focus on enhancing transparency and accountability in banking operations, particularly regarding credit extensions to executive officers and the establishment of digital asset depositories. The bill grants the Director of Banking and Finance authority to take immediate action in emergencies and outlines responsibilities for financial institutions in preventing exploitation of vulnerable adults. It also modifies existing language related to credit unions and mortgage bankers, ensuring compliance with federal laws and enhancing consumer protection. The bill proposes the repeal of several outdated sections of the statutes and emphasizes the urgency of these changes by stating it will take effect immediately upon passage and approval.

Statutes affected:
Introduced: 8-113, 8-135, 8-141, 8-143.01, 8-157, 8-157.01, 8-183.04, 8-226, 8-305, 8-318, 8-355, 8-1101, 8-1101.01, 8-1506, 8-1704, 8-1707, 8-2724, 8-2903, 8-3005, 8-3007, 21-1725.01, 21-1728, 45-190, 45-724, 59-1722, 69-2103, 69-2104, 69-2112, 76-710.02
Final Reading: 8-113, 8-135, 8-141, 8-143.01, 8-157, 8-157.01, 8-183.04, 8-226, 8-305, 8-318, 8-355, 8-1101, 8-1101.01, 8-1506, 8-1704, 8-1707, 8-2724, 8-2903, 8-3005, 8-3007, 21-1725.01, 21-1728, 44-708, 45-101.04, 45-190, 45-724, 59-1715, 59-1722, 69-2103, 69-2104, 69-2112, 76-710.02
Slip Law: 8-113, 8-135, 8-141, 8-143.01, 8-157, 8-157.01, 8-183.04, 8-226, 8-305, 8-318, 8-355, 8-1101, 8-1101.01, 8-1506, 8-1704, 8-1707, 8-2724, 8-2903, 8-3005, 8-3007, 21-1725.01, 21-1728, 44-708, 45-101.04, 45-190, 45-724, 59-1715, 59-1722, 69-2103, 69-2104, 69-2112, 76-710.02