The proposed Controllable Electronic Record Fraud Prevention Act establishes regulations for controllable electronic record kiosks in Nebraska, requiring operators to obtain a license under the Nebraska Money Transmitters Act, register with the Department of Banking and Finance, and submit quarterly operational reports. The bill mandates that operators disclose transaction risks to customers and implement anti-fraud measures, including the use of blockchain analytics software. It also introduces transaction limits for customers, capping daily transactions at $2,000 for new customers and $5,000 for existing customers, and sets a maximum fee of 18% on transactions. Additionally, operators must provide live customer service during specified hours and maintain a contact method for law enforcement.

The bill further amends existing laws related to controlled substances, enhancing penalties for violations, particularly those involving minors or occurring near schools. It introduces gender-neutral language in the definitions and penalties associated with theft, forgery, identity theft, and child pornography offenses, and establishes a process for property forfeiture in criminal cases, particularly concerning child pornography. This includes allowing individuals with a claimed legal interest in the property to petition the court and requiring evidentiary hearings to determine the connection of property to offenses. Overall, the legislation aims to modernize legal frameworks, enhance consumer protection, and ensure fair processes in property forfeiture cases.

Statutes affected:
Introduced: 28-416, 28-512, 28-602, 28-603, 28-639, 28-813.01, 28-1111, 28-1463.06, 28-1601, 28-1602