Bill > LB201

This bill modifies the Nebraska Money Transmitters Act by introducing a new fee requirement for money transmission transactions sent outside the United States. Specifically, licensed money transmitters and their authorized delegates must collect a fee equal to 10% of the transaction value, not to exceed $10,000, for each international money transfer. The collected fees must be remitted quarterly to the department, accompanied by a prescribed form developed with assistance from the Nebraska State Patrol. These fees and forms must be submitted no later than the 15th day following the end of each calendar quarter. The bill will become operative on January 1, 2026, and it updates the existing statute (Section 8-2701) to reflect these new requirements. The primary purpose appears to be establishing a consistent mechanism for collecting and reporting fees on international money transmission transactions, potentially to support regulatory oversight or generate revenue for the state.

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https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=58071