The bill amends various sections of the Nebraska Revised Statutes to modernize banking and financial regulations, aligning them with federal law and enhancing operational frameworks for financial institutions. 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 clarifies loan extension conditions, particularly regarding capital and surplus limits, and introduces new requirements for securing loans with livestock and other collateral. Additionally, it establishes that automatic teller machines (ATMs) do not constitute branch banking and mandates nondiscriminatory access for Nebraska customers.

Further amendments focus on digital asset depositories and credit unions, specifying compliance requirements for customers and allowing credit unions to invest in various financial instruments while ensuring safety. The bill also updates definitions related to the Securities Act of Nebraska and introduces provisions for protecting vulnerable populations from financial exploitation. It proposes the repeal of several outdated sections of the Revised Statutes and emphasizes the urgency of these changes by declaring an emergency for immediate implementation. Overall, the bill aims to enhance regulatory clarity, consumer protection, and responsible banking practices in Nebraska.

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