This legislative bill seeks to amend various sections of Nebraska's banking and finance laws to align with federal regulations, redefine key terms, and modify banking operations. Significant changes include the introduction of new capital and surplus requirements for digital asset depository institutions, adjustments to interest rates on certain loans, and updates to notice requirements for bank control. The bill also allows individuals of any age to become depositors and establishes new lending limits for banks, particularly regarding loans to executive officers and shareholders. Additionally, it clarifies definitions related to unimpaired capital and surplus and introduces provisions for automatic teller machines (ATMs) to ensure nondiscriminatory access for consumers.

Moreover, the bill enhances protections for vulnerable adults and senior adults against financial exploitation, allowing financial institutions to delay transactions when exploitation is suspected. It introduces new definitions related to digital assets and establishes requirements for digital asset depositories, including a minimum capital stock of ten million dollars. The bill also revises regulations for credit unions, mortgage loan origination, and installment loans, aiming to improve transparency and accountability in lending practices. Key insertions include the years "2025" and "2026" to reference legal standards, while several outdated statutes are repealed to streamline the regulatory framework. Overall, the bill aims to modernize Nebraska's financial regulations and enhance consumer protections.

Statutes affected:
Introduced: 8-135, 8-141, 8-143.01, 8-157.01, 8-183.04, 8-318, 8-355, 8-1101, 8-1101.01, 8-1502, 8-1704, 8-1707, 8-2102, 8-2742, 8-2903, 8-3003, 8-3005, 8-3007, 8-3013, 8-3033, 8-3034, 45-101.04, 45-335, 45-345, 45-349, 45-364, 45-735, 45-737, 45-741, 59-1722, 69-2103