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NE LB836
Bill
Status
3/3/2026
Primary Sponsor
Michael Jacobson
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AI Summary
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Expands the Director of Banking and Finance's authority to levy annual assessments on all entities chartered, licensed, or registered under Nebraska financial laws, not just traditional financial institutions like banks and credit unions.
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Assessments for licensed entities (delayed deposit services, installment loans, money transmission, residential mortgage loans) will be based on transaction volume, loan origination, loan servicing, or other appropriate measures of licensable activity.
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Removes the provision allowing transfers from the Financial Institution Assessment Cash Fund to the General Fund at the Legislature's direction; the fund will now be used solely for administering and enforcing financial institution laws.
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Eliminates the requirement for the Department of Banking and Finance to bill examination costs after each examination, while retaining billing authority for extra examinations, investigations, and travel expenses for out-of-state examinations.
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Adds examination costs to the list of amounts that may result in fines or charter/license/registration suspension if a financial institution or entity fails to pay within 30 days of billing.
Legislative Description
Change and eliminate provisions relating to charges for examination of financial institutions, levying assessments, fees, and costs on financial entities, and transfers from a fund
Last Action
Approved by Governor on March 3, 2026
3/3/2026