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NE LB838

Bill

Status

Engrossed

3/5/2026

Primary Sponsor

Michael Jacobson

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Adds definition of "authorized contact" as an adult designated by a vulnerable or senior adult to be contacted by a financial institution in cases of emergency, loss of contact, or suspected financial exploitation

  • Grants financial institutions immunity from civil liability for choosing not to implement an authorized contact program or for actions/omissions in administering such a program, provided they have not acted with gross negligence or willful misconduct

  • Provides financial institutions immunity from civil, criminal, or administrative liability for declining to interact with an authorized contact if they reasonably believe the contact is engaged in financial exploitation or the interaction is not in the adult's best interests

  • Grants immunity to authorized contacts who act in good faith and exercise reasonable care when providing information to financial institutions or assisting in investigations of suspected financial exploitation

  • Amends Nebraska Revised Statutes sections 8-2901 and 8-2903 relating to banking and finance protections for vulnerable adults (age not specified in statute) and senior adults

Legislative Description

Change provisions relating to the financial exploitation of vulnerable or senior adults, rules and codes of procedure, decedents' estates, inheritance taxes, deceptive trade practices, the Age-Appropriate Online Design Code Act, the Equipment Business Regulation Act, the Nebraska Money Transmitters Act, and the Nebraska Uniform Trust Code and provide for rounding of certain cash transaction amounts

Last Action

Enrollment and Review ER141 filed

3/11/2026

Committee Referrals

Banking, Commerce and Insurance1/12/2026

Full Bill Text

No bill text available