Regulatory Alerts2026-05-18
Added · Updated
Nebraska LB 717 Industry Correspondence
The Nebraska Department of Banking and Finance issued this notice to inform installment loan, money transmitter, and mortgage banker licensees of statutory changes under LB 717 taking effect July 18, 2026. The legislation introduces a new money transmitter exemption for specific payroll processors, expands the definition of controllable electronic record kiosk transactions, and raises the usury threshold while redefining installment loans. Additionally, the law mandates net tangible benefit disclosures for certain refinancing borrowers and permits mortgage loan originators to maintain multiple sponsors provided only one holds a state license.