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Can you summarize NERS 8-142?
BANKS AND BANKING > Loans; excessive amount; violations; penalty.
Short Summary
This legal document, found in the Nebraska Revised Statutes under the section on BANKS AND BANKING, pertains to officers, employees, directors, or agents of any bank. It outlines the penalties for knowingly violating or permitting a violation of section 8-141. The severity of the penalty depends on the nature and impact of the violation. Violations resulting in the insolvency of the bank are classified as a Class IV felony. Violations resulting in a monetary loss to the bank of over twenty thousand dollars or exceeding the authorized limit by forty thousand dollars or more are classified as a Class I misdemeanor. Violations resulting in a monetary loss to the bank of ten thousand dollars or more but less than twenty thousand dollars, or exceeding the authorized limit by twenty thousand dollars or more but less than forty thousand dollars, are classified as a Class II misdemeanor. Violations resulting in no monetary loss to the bank or a monetary loss of less than ten thousand dollars, or exceeding the authorized limit by ten thousand dollars or more but less than twenty thousand dollars, are classified as a Class III misdemeanor.
Whom does it apply to?
Officers, employees, directors, or agents of any bank
What does it govern?
Loans; excessive amount; violations; penalty
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Class IV felony, Class I misdemeanor, Class II misdemeanor, or Class III misdemeanor depending on the violation
Jurisdiction
Nebraska