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.
NOTICE OF RULEMAKING HEARING NEBRASKA DEPARTMENT OF BANKING AND FINANCE
Notice is hereby given that the Nebraska Department of Banking and Finance will hold a rulemaking hearing on January 7, 2016, commencing at 9:30 a.m., at the offices of the Department of Banking and Finance, 1526 K Street, Suite 300, Lincoln, Nebraska 68508.
The purpose of the hearing is to take testimony and evidence concerning the following changes to the Rules and Regulations of the Department:
1) The proposed revision of Title 48, Chapter 1.
2) The proposed adoption of new Title 48, Chapter 38.
3) The proposed adoption of new Title 48, Chapter 39.
4) The proposed adoption of new Title 48, Chapter 40.
5) The proposed adoption of new Title 48, Chapter 41.
6) The proposed adoption of new Title 48, Chapter 42.
Read Full Notice
Read Fiscal Impact Statement
Designation of Garnishment Summons Service Location
Legislation was enacted in 2015 for the designation of a location for the service of a garnishment summons on a financial institution receiving deposits within Nebraska. To implement the provisions of LB 195, the Department has adopted the form, “Service of Garnishment Summons Designation Form.”
New “Garnishment” Page
NEBRASKA DEPARTMENT OF BANKING AND FINANCE WARNS CONSUMERS TO BEWARE OF SCAM INVOLVING OLD AND NON-EXISTING DEBTS
The Nebraska Department of Banking and Finance is warning residents to beware of a currently popular debt collection scam in which individuals call people to demand payment of an old “payday loan” and then threaten them with possible arrest or court action if they do not immediately send payment.
Read full press release
Derivative Transactions Order Revised
The Nebraska Department of Banking and Finance issued an Order on October 20, 2015, which modifies two of the three Appendices to an Order of the Department, effective January 21, 2013. The 2013 Order established standards for certain credit exposures arising from the use of derivatives and securities financing transactions, as required by Nebraska law and the Dodd-Frank Act. The Department has also updated its Frequently Asked Questions (FAQ) to reflect the modifications.
Order of Modifications (2015)
Intrastate crowdfunding is now available in Nebraska. The Department has adopted Form NCF for issuers who wish to conduct a crowdfunding offering, and form NPO for entities which to register as a portal operator.
Click here for our new Crowdfunding page.
The Nebraska Legislature enacted significant changes to the laws governing switches, ATMS, and point-of-sale terminals. To implement LB 348 (2015), the Department has adopted the form, “Notices of Switch Operation,” and has rescinded Financial Institutions Statement of Policy #33.
Click here for our new “Switches” page.
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
Annual Deposit Limitation Calculation
The deposit limitation as of October 1, 2015, is $13,284,854,660. 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.
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 (09-30-2015)
To receive email notification when updates are made to the list of designations, please click here.
NDBF News Releases (Current - 2013)
News Release Archives (2007 - 2012)
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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