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NE LB838
Bill
Status
3/5/2026
Primary Sponsor
Michael Jacobson
Click for details
AI Summary
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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
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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
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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
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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
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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