reglab/housing_qa huggingface dataset:
NE Code § 8-3006 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3006 - Digital asset depository institution; subject to other provisions of law.

8-3006.  Digital asset depository institution; subject to other provisions of law.A digital asset depository institution shall be subject to the Interstate Branching and Merger Act, the Nebraska Bank Holding Company Act of 1995, and Chapter 8, articles 6, 8, 13, 14, 15, 16, 19, 20, 25, 26, and 29 unless otherwise limited or excluded or the context otherwise requires.Source  Laws 2021, LB649, § 6.   Operative Date: October 1, 2021  Cross References   Interstate Branching and Merger Act, see section 8-2101.  Nebraska Bank Holding Company Act of 1995, see section 8-908.
NE Code § 8-3007 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3007 - Customers; criteria.

8-3007.  Customers; criteria.(1) No customer shall open or maintain an account with a digital asset depository or otherwise receive any services from the digital asset depository unless the customer meets the criteria of this subsection. A customer shall:(a) Make sufficient evidence available to the digital asset depository to enable compliance with anti-money laundering, customer identification, and beneficial ownership requirements, as determined by the federal Bank Secrecy Act guidance and the policies and practices of the institution; and(b) If the customer is a legal entity other than a natural person:(i) Be in good standing with the jurisdiction in the United States in which it is incorporated or organized; and(ii) Be engaged in a business that is lawful and bona fide in Nebraska, in the host state, if applicable, and under federal law consistent with subsection (3) of this section.(2) A customer which meets the criteria of subsection (1) of this section may be issued a digital asset depository account and otherwise receive services from the digital asset depository, contingent on the availability of sufficient insurance under subsection (5) of section 8-3023.(3) Consistent with subdivisions (1)(a)(iv) and (v) of section 8-3005, and in addition to any requirements specified by federal law, a digital asset depository shall require that any potential customer that is a legal entity other than a natural person provide reasonable evidence that the entity is engaged in a business that is lawful and bona fide in Nebraska, in the host state, and under federal law or is likely to open a lawful, bona fide business within a federal Bank Secrecy Act compliant time frame, as the act existed on January 1, 2021. For purposes of this subsection, reasonable evidence includes business entity filings, articles of incorporation or organization, bylaws, operating agreements, business plans, promotional materials, financing agreements, or other evidence.Source  Laws 2021, LB649, § 7.   Operative Date: October 1, 2021
NE Code § 8-3008 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3008 - Digital asset depository account; disclosures to customer; requirements.

8-3008.  Digital asset depository account; disclosures to customer; requirements.The terms and conditions of a customer's digital asset depository account at a digital asset depository shall be disclosed at the time the customer contracts for a digital asset business service. Such disclosure shall be full and complete, contain no material misrepresentations, be in readily understandable language, and shall include, as appropriate and to the extent applicable:(1) A schedule of fees and charges the digital asset depository may assess, the manner by which fees and charges will be calculated if they are not set in advance and disclosed, and the timing of the fees and charges;(2) A statement that the customer's digital asset depository account is not protected by the Federal Deposit Insurance Corporation;(3) A statement whether there is support for forked networks of each digital asset;(4) A statement that investment in digital assets is volatile and subject to market loss;(5) A statement that investment in digital assets may result in total loss of value;(6) A statement that legal, legislative, and regulatory changes may impair the value of digital assets;(7) A statement that customers should perform research before investing in digital assets;(8) A statement that transfers of digital assets are irrevocable, if applicable;(9) A statement how liability for an unauthorized, mistaken, or accidental transfer shall be apportioned;(10) A statement that digital assets are not legal tender in any jurisdiction;(11) A statement that digital assets may be subject to cyber theft or theft and become unrecoverable;(12) A statement about who maintains control, ownership, and access to any private key related to a digital assets customer's digital asset account; and(13) A statement that losing private key information may result in permanent total loss of access to digital assets.Source  Laws 2021, LB649, § 8.   Operative Date: October 1, 2021
NE Code § 8-3009 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3009 - Digital asset depository; required liquid assets.

8-3009.  Digital asset depository; required liquid assets.(1) At all times, a digital asset depository shall maintain unencumbered liquid assets denominated in United States dollars valued at not less than one hundred percent of the digital assets in custody.(2) For purposes of this section, liquid assets means:(a) United States currency held on the premises of the digital asset depository that is not a digital asset depository institution;(b) United States currency held for the digital asset depository by a federal reserve bank or a Federal Deposit Insurance Corporation-insured financial institution which has a main-chartered office in this state, any branch thereof in this state, or any branch of the financial institution which maintained a main-chartered office in this state prior to becoming a branch of such financial institution; or(c) Investments which are highly liquid and obligations of the United States Treasury or other federal agency obligations, consistent with rules and regulations or order adopted by the director.Source  Laws 2021, LB649, § 9.   Operative Date: October 1, 2021
NE Code § 8-3010 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3010 - Digital asset depository; compliance with state and federal laws; required.

8-3010.  Digital asset depository; compliance with state and federal laws; required.A digital asset depository shall comply with all state and federal laws, including, but not limited to, those relating to anti-money laundering, customer identification, and beneficial ownership.Source  Laws 2021, LB649, § 10.   Operative Date: October 1, 2021
NE Code § 8-3011 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3011 - Digital asset depository; notice and statement regarding insurance and risk; customer; acknowledgment.

8-3011.  Digital asset depository; notice and statement regarding insurance and risk; customer; acknowledgment.(1) With respect to all digital asset business activities, a digital asset depository shall display and include in all advertising, in all marketing materials, on any Internet website it maintains, and at each window or place where it accepts digital asset deposits, (a) a notice conspicuously stating that digital asset deposits and digital asset accounts are not insured by the Federal Deposit Insurance Corporation, if applicable, and (b) the following conspicuous statement: Holdings of digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There is no assurance that any digital asset will be viable, liquid, or solvent. Nothing in this communication is intended to imply that any digital asset held in custody by a digital asset depository is low-risk or risk-free. Digital assets held in custody are not guaranteed by a digital asset depository and are not FDIC insured.(2) Upon opening a digital asset depository account, and if applicable, a digital asset depository shall require each customer to execute a statement acknowledging that all digital asset deposits at the digital asset depository are not insured by the Federal Deposit Insurance Corporation. The digital asset depository shall permanently retain this acknowledgment, whether in electronic form or as a signature card.Source  Laws 2021, LB649, § 11.   Operative Date: October 1, 2021
NE Code § 8-3012 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3012 - Digital asset depository institution; formation; articles of incorporation; contents; filing; capital requirements; bank holding company; powers.

8-3012.  Digital asset depository institution; formation; articles of incorporation; contents; filing; capital requirements; bank holding company; powers.(1) Except as otherwise provided by subsection (5) of this section, five or more adult persons, including at least one Nebraska resident, may form a digital asset depository institution. The incorporators shall subscribe the articles of incorporation and transmit them to the director as part of an application for a charter under section 8-3015.(2) The articles of incorporation shall include the following information:(a) The corporate name;(b) The object for which the corporation is organized;(c) The term of its existence, which may be perpetual;(d) The place in Nebraska where its main office shall be physically located and its operations conducted;(e) The amount of capital stock and the number of shares;(f) The name and residence of each shareholder subscribing to more than ten percent of the stock and the number of shares owned by that shareholder;(g) The number of directors and the names of those who shall manage the affairs of the corporation for the first year; and(h) A statement that the articles of incorporation are made to enable the incorporators to avail themselves of the advantages of the laws of the state.(3) Copies of all amended articles of incorporation shall be filed in the same manner as the original articles of incorporation.(4) The incorporators shall solicit capital prior to filing an application for a charter with the director, consistent with section 8-3013. In the event an application for a charter is not filed or is denied by the director, all capital shall be promptly returned without loss.(5) Subject to federal and state law, a bank holding company may apply to hold a digital asset depository.Source  Laws 2021, LB649, § 12.   Operative Date: October 1, 2021
NE Code § 8-3013 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3013 - Digital asset depository institution; capital and surplus requirements.

8-3013.  Digital asset depository institution; capital and surplus requirements.(1) The capital stock of each digital asset depository institution chartered under the Nebraska Financial Innovation Act shall be subscribed for as paid-up stock. No digital asset depository institution shall be chartered with capital stock of less than ten million dollars.(2) No digital asset depository institution shall commence business until the full amount of its authorized capital is subscribed and all capital stock is fully paid in. No digital asset depository institution may be chartered without a paid-up surplus fund of at least three years of estimated operating expenses in the amount disclosed pursuant to subsection (2) of section 8-3015 or in another amount required by the director.(3) A digital asset depository institution may acquire additional capital prior to the granting of a charter and shall report this capital in its charter application.Source  Laws 2021, LB649, § 13.   Operative Date: October 1, 2021
NE Code § 8-3014 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3014 - Financial institution; digital asset depository department; charter amendment; director; powers and duties.

8-3014.  Financial institution; digital asset depository department; charter amendment; director; powers and duties.(1) Any financial institution, having adopted or amended its articles of incorporation to authorize the conduct of a digital asset depository business may be further chartered by the director to transact a digital asset depository business in a digital asset depository department in connection with such financial institution.(2) The director has the authority to issue to financial institutions amendments to their charters of authority to transact digital asset depository business and has general supervision and control over such digital asset depository departments of financial institutions.(3) The director, before granting to any financial institution the right to operate a digital asset depository department, shall require such financial institution to make an application for amendment of its charter, setting forth such information as the director may require.(4) A digital asset depository department of a financial institution when chartered under subsection (1) of this section shall be separate and apart from every other department of the financial institution and shall have all of the powers, duties, and obligations of a digital asset depository institution as set forth in the Nebraska Financial Innovation Act.(5) Any financial institution authorized to transact a digital asset depository business in a digital asset depository department pursuant to subsection (1) of this section may conduct such digital asset depository business at the office of any financial institution which is a subsidiary of the same bank holding company as the authorized financial institution.(6) A financial institution may deposit or have on deposit funds of an account controlled by the financial institution's digital asset depository department unless prohibited by applicable law.Source  Laws 2021, LB649, § 14.   Operative Date: October 1, 2021
NE Code § 8-3015 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3015 - Digital asset depository; act as; authority or charter to operate; required; application; fee.

8-3015.  Digital asset depository; act as; authority or charter to operate; required; application; fee.(1) No corporation shall act as a digital asset depository without first obtaining authority or a charter to operate from the director under the Nebraska Financial Innovation Act.(2) The incorporators under section 8-3012 shall apply to the director for a charter. The application shall contain the digital asset depository institution's articles of incorporation, a detailed business plan, a comprehensive estimate of operating expenses for the first three years of operation, a complete proposal for compliance with the provisions of the Nebraska Financial Innovation Act, evidence of the capital required under section 8-3013, and any investors or owners holding ten percent or more equity in the digital asset depository institution. The director may prescribe the form of application.(3) A financial institution may apply to the director for authority to operate a digital asset depository business as a department. The application shall contain a detailed business plan, a comprehensive estimate of operating expenses for the first three years of operation, and a complete proposal for compliance with the provisions of the Nebraska Financial Innovation Act. The director may prescribe the form of application.(4) Each application for a charter or authority shall be accompanied by an application fee of fifty thousand dollars.Source  Laws 2021, LB649, § 15.   Operative Date: October 1, 2021
NE Code § 8-3016 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3016 - Application for authority or charter; notice; hearing; director; department; powers and duties.

8-3016.  Application for authority or charter; notice; hearing; director; department; powers and duties.(1) After a substantially complete application for digital asset depository authority or a digital asset depository institution charter has been submitted, the director shall notify the applicants in writing within thirty calendar days of any deficiency in the required information or that the application has been accepted for filing. When the director is satisfied that all required information has been furnished, the director shall establish a time and place for a public hearing which shall be conducted not less than sixty days, nor more than one hundred twenty days, after notice from the director to the applicants that the application is in order.(2) Within thirty days after receipt of notice of the time and place of the public hearing, the department shall cause notice of filing of the application and the hearing to be published at the applicants' expense in a newspaper of general circulation within the county where the proposed digital asset depository is to be located. Publication shall be made at least once a week for three consecutive weeks before the hearing, stating the proposed location of the digital asset depository, the names of the applicants for a charter, the nature of the activities to be conducted by the proposed digital asset depository, and other information required by rule and regulation. The director shall electronically send notice of the hearing to state and national banks, federal savings and loan associations, state and federal credit unions, and other financial institutions in the state, federal agencies, and financial industry trade groups.Source  Laws 2021, LB649, § 16.   Operative Date: October 1, 2021
NE Code § 8-3017 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3017 - Application for charter or authority to operate; hearing; how conducted.

8-3017.  Application for charter or authority to operate; hearing; how conducted.The hearing for a charter application or for authority to operate a digital asset depository shall be conducted under the Administrative Procedure Act and shall comply with the requirements of the act.Source  Laws 2021, LB649, § 17.   Operative Date: October 1, 2021  Cross References  Administrative Procedure Act, see section 84-920.
NE Code § 8-3018 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3018 - Application for charter or authority to operate; director; investigation and examination.

8-3018.  Application for charter or authority to operate; director; investigation and examination.Upon receiving the application for a charter to become a digital asset depository institution, or for authority to operate a digital asset depository department, the applicable fee, and other information required by the director, the director shall make a careful investigation and examination of the following:(1) The character, reputation, criminal record, financial standing, and ability of the shareholders owning ten percent or more equity in the applicant;(2) The character, financial responsibility, criminal background, banking or other financial experience, and business qualifications of those proposed as officers and directors;(3) Whether the applicant or any of its officers, directors, or shareholders owning ten percent or more equity in the applicant have ever been convicted of any (i) misdemeanor involving any aspect of a digital asset depository business or any business of a similar nature or (ii) felony;(4) Whether the applicant or any of its officers, directors, or shareholders owning ten percent or more equity in the applicant have ever been permanently or temporarily enjoined by a court of competent jurisdiction from engaging in or continuing any conduct or practice involving any aspect of a digital asset depository business or any business of a similar nature;(5) A criminal history record information check of the applicant, its officers, directors, and shareholders owning ten percent or more equity in the applicant. The direct cost of the criminal history record information check shall be paid by the applicant; and(6) The application for a charter, or for authority to operate a digital asset depository, including the adequacy and plausibility of the business plan of the digital asset depository, the benefits to the customers, and whether the applicant has offered a complete proposal for compliance with the Nebraska Financial Innovation Act.Source  Laws 2021, LB649, § 18.   Operative Date: October 1, 2021
NE Code § 8-3020 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3020 - Conditions to commence business; compliance required; failure to commence business; effect.

8-3020.  Conditions to commence business; compliance required; failure to commence business; effect.(1) If an application is approved and a charter or authority is granted by the director under section 8-3019, the digital asset depository shall not commence business before satisfaction of all conditions precedent contained in the director's order or conditional order.(2) If an approved digital asset depository fails to commence business in good faith within twelve months after the issuance of a charter or an order of authority to operate by the director, the charter or authority shall expire. The director, for good cause and upon an application filed prior to the expiration of the six-month period, may extend the time within which the digital asset depository may open for business.Source  Laws 2021, LB649, § 20.   Operative Date: October 1, 2021
NE Code § 8-3021 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-3021 - Appeal.

8-3021.  Appeal.Any decision of the department or director in approving, conditionally approving, or disapproving a charter or authority for a digital asset depository is appealable in accordance with the Administrative Procedure Act.Source  Laws 2021, LB649, § 21.   Operative Date: October 1, 2021  Cross References  Administrative Procedure Act, see section 84-920.