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Can you summarize NERS 8-102?
BANKS AND BANKING > Department; supervision and control of specified financial institutions; declaration of public purpose; director; order, decision, or determination; authority to prescribe conditions.
Short Summary
This legal document pertains to the supervision and control of specified financial institutions in the state of Nebraska. The Department has general supervision and control over banks, trust companies, credit unions, building and loan associations, savings and loan associations, and digital asset depositories. These institutions are declared to be quasi-public in nature and subject to regulation and control by the state. The director of the department has the authority to prescribe conditions on these institutions and their holding companies, if any, as part of any written order, decision, or determination required under specific acts and chapters. The document also references the Credit Union Act, the Nebraska Banking Act, the Nebraska Financial Innovation Act, and Chapter 8, article 3. No exemptions or penalties are mentioned in this document.
Whom does it apply to?
Banks, trust companies, credit unions, building and loan associations, savings and loan associations, and digital asset depositories
What does it govern?
Supervision and control of specified financial institutions
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nebraska