A credit card bank shall be subject to the Interstate Branching and Merger Act, the Nebraska Bank Holding Company Act of 1995, the Nebraska Banking Act, and Chapter 8, articles 5, 6, 7, 8, 13, 14, 15, 16, 19, and 20, unless otherwise limited or excluded or the context otherwise requires. Source: Laws 2004, LB 999, 19; Laws 2012, LB963, 21. Cross References Interstate Branching and Merger Act, see section 8-2101.

Sections 8-2701 to 8-2747 shall be known and may be cited as the Nebraska Money Transmitters Act. Source: Laws 2013, LB616, 1; Laws 2016, LB778, 1.

For purposes of the Nebraska Money Transmitters Act, the definitions found in sections 8-2703 to 8-2723 shall be used. Source: Laws 2013, LB616, 2.

Applicant means a person filing an application for a license under the Nebraska Money Transmitters Act. Source: Laws 2013, LB616, 3.

Authorized delegate means an entity designated by the licensee or an exempt entity under the Nebraska Money Transmitters Act to engage in the business of money transmission on behalf of the licensee or exempt entity. Source: Laws 2013, LB616, 4.

Breach of security of the system means unauthorized acquisition of data that compromises the security, confidentiality, or integrity of the information maintained by the Nationwide Mortgage Licensing System and Registry, its affiliates, or its subsidiaries. Source: Laws 2013, LB616, 5.

Control means the power, directly or indirectly, to direct the management or policies of a licensee, whether through ownership of securities, by contract, or otherwise. Any person who (1) has the power to elect a majority of executive officers, managers, directors, trustees, or other persons exercising managerial authority of a licensee or any person in control of a licensee, (2) directly or indirectly has the right to vote ten percent or more of a class of stock or directly or indirectly has the power to sell or direct the sale of ten percent or more of a class of stock, (3) in the case of a limited liability company, is a managing member, or (4) in the case of a partnership, has the right to receive, upon dissolution, or has contributed, ten percent or more of the capital, is presumed to control that licensee.

Controlling person means any person in control of a licensee. Source: Laws 2013, LB616, 7.

Department means the Department of Banking and Finance. Source: Laws 2013, LB616, 8.

Director means the Director of Banking and Finance. Source: Laws 2013, LB616, 9.