One Hundred Ninth Legislature - First Session - 2025
Introducer€s Statement of Intent
LB251
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Chairperson: Senator Mike Jacobson
Committee: Banking, Commerce and Insurance
Date of Hearing: January 28, 2025
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The following constitutes the reasons for this bill and the purposes which are sought to be
accomplished thereby:
LB251 is a bill introduced at the request of the Nebraska Department of Banking and
Finance to amend various Nebraska Statutes and the Uniform Commercial Code by adopting
updates to federal law and regulations relating to banking and finance. LB 251 will also
change provisions relating to financial institution name statutes, the bank lending limit, bank
and credit union branch application publications, the definition of broker-dealer, emergency
acquisitions of out-of-state institutions, mortgage lender bond requirements, irrigation district
condemnation interest rates, and Loan Broker Act exemptions.
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Principal Introducer:________________________________
Senator Mike Jacobson
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