This bill amends several sections of the Nebraska Revised Statutes related to banking and finance, specifically focusing on the examination and assessment processes for financial institutions. Key changes include the authority of the Department of Banking and Finance to charge electronic data processing centers for examination costs, with the rate set by the director. Additionally, the bill allows the director to levy assessments on various financial entities based on factors such as asset size and transaction volume, rather than solely on the financial institution's total assets. The bill also clarifies that the Financial Institution Assessment Cash Fund will be used exclusively for administering and enforcing relevant laws, with investment earnings credited to the General Fund starting October 1, 2024.

Furthermore, the bill introduces new provisions regarding the consequences for financial institutions that fail to pay assessments or fees, including the potential suspension or revocation of licenses or registrations after a specified period of arrears. It also allows for the possibility of installment payments for these financial obligations at the discretion of the Director of Banking and Finance. The original sections being amended are repealed, streamlining the legal framework governing financial institution assessments and examinations in Nebraska.

Statutes affected:
Introduced: 8-108, 8-601, 8-603, 8-605, 8-606, 8-607
Final Reading: 8-108, 8-601, 8-603, 8-604, 8-605, 8-606, 8-607
Slip Law: 8-108, 8-601, 8-603, 8-604, 8-605, 8-606, 8-607