NE LB609

Establishes the Controllable Electronic Record Fraud Prevention Act requiring cryptocurrency kiosk operators to obtain a money transmitter license, use blockchain analytics software to detect fraud, maintain written antifraud policies, and employ a full-time compliance officer

Sets daily transaction limits of $2,000 for new customers (first 14 days) and $10,500 for existing customers, with aggregate fees capped at 18% of transaction value

Requires kiosk operators to display prominent fraud warnings, provide detailed transaction receipts, and offer live customer service Monday through Friday from 7:00 a.m. to 9:00 p.m. via toll-free phone

Mandates full refunds for new customers who report being fraudulently induced into a transaction within 30 days to both the operator and law enforcement; existing customers receive fee refunds under the same conditions

Requires gift certificate and gift card sellers to provide conspicuous fraud warning notices to purchasers, with civil penalties up to $250 for repeat violations after an initial warning citation