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Nebraska Regulatory Announcements

Nebraska L.B. 384 referred to Baking, Commerce and Insurance Committee on 1/16/15

1/19/15: The following Stateside Alert was published on Friday, 1/16/15 regarding NE L.B.348. This measure was introduced on January 15, 2015 and referred to the Banking, Commerce and Insurance Committee on January 16, 2015. These are proposed modifications or amendments to existing Nebraska statutes.
**NEBRASKA L.B. 348 – ATM Licensing

Sponsor: Senator Bob Krist (I)
Summary: Provides that a group of two or more financial institutions, or a combination of a financial institution or financial institutions and a third party or parties, may contract for the operation of ATMs. Provides that every ATM must either provide or offer a receipt. Provides that no account holder shall be liable for any loss occurring as the result of any tampering or manipulation of an ATM unless such account holder performs or authorizes such tampering or manipulation.

Provides that no agreement to operate or share an ATM may prohibit, limit or restrict the right of an operator or owner of an ATM to charge a fee. Provides that nothing in this measure may be construed to prohibit, limit, or restrict the right of an operator or owner of an ATM from voluntarily entering into an agreement to participate in a surcharge fee network.

Update: Governor Pete Ricketts signed this bill on May 13, 2015. The effective date is 90 days following adjournment of the NE Legislature.

The final version states a group of two or more financial institutions, or a combination of a financial institution(s) and a third party or parties may contract for the operation of ATMs. It also provides that no agreement to operate or share an ATM may prohibit, limit or restrict the right of an operator or owner of an ATM to charge a fee. It also removes from the definition of ATM the requirement that it be off the premises of a financial institution which has a main chartered office or approved branch in the state.

Meta interprets this to mean the State of Nebraska recognizes the ATM ISO sponsorship model.

Final version (5/4/2015): http://nebraskalegislature.gov/FloorDocs/104/PDF/Final/LB348.pdf

Current version (5/4/2015): http://nebraskalegislature.gov/FloorDocs/104/PDF/Final/LB348.pdf

Introduced version (1/15/2015): http://nebraskalegislature.gov/FloorDocs/104/PDF/Intro/LB348.pdf


Effective Date: 90 days following adjournment

Meta ATM Team