The Department of Banking was created by Nebraska legislators to regulate state-chartered banks and other financial industries within the state. In 1939, regulation of state securities laws was also placed under the jurisdiction of the Department of Banking. Today, the Nebraska Department of Banking and Finance regulates and supervises various financial industries on behalf of the State of Nebraska and its residents.
Are you an informed investor?
Savvy consumers know it is important to compare prices on similar products to get the best value for their money. Wouldn’t it be nice if the same were true when shopping for a broker-dealer firm to handle your investments?
Read more about understanding Broker-Dealer Fees
NEBRASKA DEPARTMENT OF BANKING AND FINANCE, INVESTOR PROTECTION INSTITUTE TO OFFER $1,000 PRIZE IN “DASH FOR THE STASH” FINANCIAL LITERACY PUSH IN LIBRARIES
Public libraries and other institutions in Nebraska will participate in the DASH for the STASH investor education/protection program and contest taking place April 15-May 15, 2015 as part of Financial Literacy Month. Research shows that the four focuses of DASH for the STASH – financial fraud, building a nest egg, selecting financial advisers, and the cost of investment fees – are all topics about which many investors need to learn more.
Read more, including Contest Rules, Participating Libraries, and the Focus of the Contest
It’s time to renew your Delayed Deposit Services license!
All Delayed Deposit Services licenses expire on May 1, 2015.
Click here to access license renewal forms: http://www.ndbf.ne.gov/dds/ddsrenew.shtml
Annual Deposit Limitation Calculation
The deposit limitation as of October 1, 2014, is $12,779,059,260. Please click the link on the bottom right of this web page, or here, for additional information.
Money Transmitter Permissible Investments
The Nebraska Department of Banking and Finance has issued an Order expanding the types of permissible investments for money transmitters. Licensees are able to include ACH Receivables, Credit Card Receivables, and Debit Card Receivables as permissible investments, subject to the conditions contained in the Order.
Delayed Deposit Services Interpretative Opinion No. 8
The Nebraska Department of Banking and Finance has issued an Interpretative Opinion regarding the use of the terms “loan” and “payday loan” by licensees under the Delayed Deposit Services Licensing Act.
Frequently Asked Questions regarding Delayed Deposit Services have been updated.
Statement of Policy #33 Reissued by the Department
The Nebraska Department of Banking and Finance reissued Statement of Policy #33 (SOP #33) on December 31, 2013. A copy of reissued SOP #33 is provided below along with the notice provided to parties interested in SOP #33.
The Department’s October 4, 2013 draft Statement of Policy #33, comments the Department received regarding that draft SOP #33, and the Nebraska Attorney General Opinion #13-001 are provided below as background information.
Reissued Statement of Policy #33
Notice to Interested Parties of Reissued Statement of Policy #33
Proposed Revisions to Statement of Policy #33
Nebraska AG Opinion #13-001
Derivative Transactions Order
The 2010 Dodd Frank Wall Street Reform and Consumer Protection Act required that state laws regarding bank lending limits address certain credit exposures arising from use of derivatives. The 2012 Nebraska Legislature amended the bank lending limit statute accordingly. On December 14, 2012, Director John Munn signed an Order establishing the standards for derivative and securities financing transactions. The Order is effective January 21, 2013.
Residential Mortgage Licensing Act Forms Adopted
The Department has adopted forms related to nonprofit organizations offering services in areas regulated by the Residential Mortgage Licensing Act. The forms are the Application for Nonprofit Organization Certificate of Exemption, and the Annual Attestation for a Nonprofit Organization Certificate of Exemption. The Department has also issued a checklist to assist applicants in gathering appropriate information for the certificate process. The forms are issued under the authority of Section 45-703.01 of the Residential Mortgage Licensing Act.
Interpretative Opinion No. 26: Use of Certifications and Designations in Advertising by Investment Adviser Representatives and Broker-Dealer Agents
The Nebraska Department of Banking and Finance, Bureau of Securities issues an interpretative opinion regarding the use of designations in advertising by investment adviser representatives and broker-dealer agents. The Department periodically reviews the list of designations.
Read Interpretative Opinion & Approved Designations (09-30-2014)
To receive email notification when updates are made to the list of designations, please click here.
Current NDBF News Releases (2010-2012)
News Release Archives (2007-2009)
Nebraska Department of Banking & Finance
1526 K Street, Suite 300
Lincoln, NE 68508-2732
P.O. Box 95006
Lincoln, NE 68509-5006
Financial Institutions Division:(402)471-2171
Bureau of Securities:(402)471-3445
Governor of Nebraska
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