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Can you summarize NERS 8-2726?
BANKS AND BANKING > License; applicant; qualifications; requirements.
Short Summary
The provided legal document pertains to the Nebraska Money Transmitters Act. It outlines the requirements for obtaining and maintaining a license under this act. To qualify for a license, an applicant must have a net worth of at least fifty thousand dollars and meet certain financial, business experience, and character criteria. Corporate applicants must be organized under the laws of specific jurisdictions and be in good standing. Additionally, applicants and licensees must be registered or qualified to do business in Nebraska and maintain an office in the United States. The document does not specify any penalties for non-compliance. The information provided is sourced from Laws 2013, LB616, 26 and Laws 2021, LB363, 19.
Whom does it apply to?
Applicants and licensees under the Nebraska Money Transmitters Act
What does it govern?
Nebraska Money Transmitters Act
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Nebraska