Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize NERS 8-2744?
BANKS AND BANKING > Violations; orders authorized.
Short Summary
If the director finds, after notice and hearing in accordance with the Administrative Procedure Act, that any person has violated the Nebraska Money Transmitters Act or any rule, regulation, or order of the director thereunder, the director may order such person to pay (1) an administrative fine of not more than five thousand dollars for each separate violation and (2) the costs of investigation. Source: Laws 2013, LB616, 44. Cross References Administrative Procedure Act, see section 84-920.
Jurisdiction
Nebraska