According to the Nebraska Revised Statutes, before assuming the duties of office, the director is required to take and subscribe to the constitutional oath of office. The director must file the oath in the office of the Secretary of State. Additionally, the director must be bonded or insured as required by section 11-201.

This provision, found in the Nebraska Revised Statutes under the section for Banks and Banking, governs the employment of deputies, counsels, examiners, and other assistants by the director of the banking department. The director has the authority to hire individuals necessary to fulfill their duties as required by law. The employment of any person in the department is subject to section 49-1499.07. Deputies and financial institution examiners serve at the will of the director and receive salaries determined by the director and approved by the Governor based on their credentials.

The director may adopt and promulgate rules and regulations for the governance of banks under his or her supervision as may in his or her judgment seem wise and expedient and which do not in any way conflict with any of the provisions of law. In adopting and promulgating such rules and regulations, the director shall consider generally recognized sound banking principles, the financial soundness of banks, competitive conditions, and general economic conditions.

This legal provision, found in the Nebraska Revised Statutes under the section on Banks and Banking, grants the department the authority to require bank officers to open and maintain specific books or accounts. The purpose of these books and accounts is to accurately record and conveniently track the transactions and accounts of the bank. If a bank refuses or neglects to open and keep the prescribed books or accounts, they may be subject to a penalty of ten dollars for each day of non-compliance.

This legal document, governed by the Nebraska Revised Statutes, pertains to the examination of banks, financial institutions, holding companies, and bank subsidiaries. The director, deputy, or duly appointed examiner has the authority to thoroughly examine the books, papers, and affairs of these entities. They can administer oaths, examine officers, agents, and clerks under oath, and subpoena individuals to testify. The director also has the authority to examine and monitor these entities electronically.

If any financial institution examiner has knowledge of the insolvency or unsafe condition of any financial institution chartered by the department, that there are bad or doubtful assets in any such financial institution, that any such financial institution or any of its officers has violated any law governing the conduct of the financial institution, or that it is unsafe and inexpedient to permit any such financial institution to continue business, and the financial institution examiner fails to immediately report such fact in writing over his or her signature to the director, he or she is guilty of a Class II misdemeanor and shall forfeit his or her office.

This legal document, found in the Nebraska Revised Statutes under the section on Banks and Banking, governs the requirements for banks to obtain fidelity bonds. According to the document, each bank is required to obtain a fidelity bond in an amount determined by the director of the department. The bond should be issued by an authorized insurer and should protect the bank from losses resulting from fraudulent or criminal acts committed by its officers or employees.

The director may convey any real estate title which is vested in the department by operation of law or otherwise. Such conveyance shall be signed by the director, sealed with the seal of the department, and acknowledged by the director. Source: Laws 1925, c. 30, 7, p. 127; Laws 1929, c. 38, 20, p. 167; C.S.1929, 8-112; Laws 1933, c. 18, 10, p. 140; C.S.Supp.,1941, 8-112; R.S.1943, 8-109; Laws 1963, c.

This legal document governs the records required, disclosures prohibited, and confidentiality of records by the director and anyone connected with the department, as well as financial institutions and other entities regulated by the department. The director is required to maintain proper books showing all acts, matters, and things done under the jurisdiction of the department. The name of any customer, including a depositor, debtor, beneficiary, member, or account holder, and the amount of any deposit, debt, or account holdings of any of them shall not be disclosed, except as necessary in the performance of official duty.

This legal document governs the unauthorized use of the word bank or any derivative thereof in the State of Nebraska. It applies to individuals, firms, companies, corporations, or associations doing business in Nebraska, unless they are organized as a bank under the Nebraska Banking Act or the authority of the director or federal government, a digital asset depository that is not a digital asset depository institution, or as a building and loan association, savings and loan association, or savings bank under Chapter 8, article 3, or the authority of the federal government.