{"id":28062,"date":"2020-07-21T09:03:33","date_gmt":"2020-07-21T15:03:33","guid":{"rendered":"http:\/\/update.legislature.ne.gov\/?p=28062"},"modified":"2020-07-24T13:01:41","modified_gmt":"2020-07-24T19:01:41","slug":"omnibus-banking-bill-passed","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=28062","title":{"rendered":"Omnibus banking bill passed"},"content":{"rendered":"

A bill that updates Nebraska banking law passed July 21.<\/p>\n

\"Sen.
Sen. Matt Williams<\/figcaption><\/figure>\n

Among other provisions, LB909, introduced by Sen. Matt Williams of Gothenburg, will:
\n\u2022 allow minors to establish deposit accounts;
\n\u2022 repeal obsolete language in the Nebraska Banking Act related to report publication;
\n\u2022 allow the director of the state Department of Banking and Finance to examine licensees at his or her discretion;
\n\u2022 allow a financial institution to notify a caretaker or other third-party reasonably associated with a vulnerable adult or senior of suspected financial exploitation and allow a financial institution to place up to a 30-day hold on suspicious transactions. A financial institution\u2019s employees, officers and directors would be indemnified from civil, criminal or administrative liability for any transaction delayed based on a good faith belief that the transaction may have been exploitive;
\n\u2022 grant state-chartered banks, savings associations and credit unions the same rights, powers, privileges and immunities as federally chartered entities doing business in the state as of Jan. 1, 2020; and
\n\u2022 allow certain employees of the state Department of Banking to borrow from a financial institution chartered by the department. The department director, deputy director, counsel, attorney or financial institution examiner still will be prohibited from such borrowing.<\/p>\n

LB909 passed 48-0 and takes effect immediately.<\/p>\n","protected":false},"excerpt":{"rendered":"

A bill that updates Nebraska banking law passed July 21. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[157],"class_list":["post-28062","post","type-post","status-publish","format-standard","hentry","category-banking-commerce-and-insurance","tag-sen-matt-williams"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/28062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28062"}],"version-history":[{"count":2,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/28062\/revisions"}],"predecessor-version":[{"id":28174,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/28062\/revisions\/28174"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}