Ask Reggi Your Question Now
Can you summarize NERS 8-2729?
BANKS AND BANKING > License application; form; contents.
Short Summary
The provided legal document content pertains to the application process for a license under the Nebraska Money Transmitters Act. The application must be made in writing and in a form prescribed by the director. The application should include various information such as the applicant’s name, address, criminal convictions and material litigation history, description of activities conducted, proposed authorized delegates, sample authorized delegate contract and payment instrument, locations for money transmission, and information about clearing banks. If the applicant is a corporation, additional information such as incorporation details, certificate of good standing, corporate structure, executive officers’ details, and financial statements are required. If the applicant is not a corporation, information about principals, registration or qualification, criminal convictions and material litigation history, and financial statements are necessary. The document does not mention specific penalties for non-compliance or violation. Overall, the document outlines the comprehensive requirements for obtaining a license under the Nebraska Money Transmitters Act.
Whom does it apply to?
Applicants for a license 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?
Penalties are not specified in the provided content.
Jurisdiction
Nebraska