Section 8-2735 - Licensee; notice to director; when; report; contents; breach of the security of the system; notification(1) A licensee shall file notice with the director within thirty calendar days after any material change in information provided in a licensee's application as prescribed by the director.(2) A licensee shall file a report with the director within five business days after the licensee has reason to know of the occurrence of any of the following events:(a) The filing of a petition by or against the licensee under any bankruptcy law of the United States for liquidation or reorganization;(b) The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors;(c) The filing of an action to revoke or suspend the licensee's license in a state or country in which the licensee engages in business or is licensed;(d) The cancellation or other impairment of the licensee's bond or other security;(e) A charge or conviction of the licensee or of an executive officer, manager, or director of, or controlling person of, the licensee, for a felony; or(f) A charge or conviction of an authorized delegate for a felony.(3)(a) Except as provided in subdivisions (b) and (c) of this subsection, a licensee shall notify the director in writing or through the Nationwide Mortgage Licensing System and Registry within three business days from the time that the licensee becomes aware of any breach of security of the system of computerized data owned or licensed by the licensee, which contains personal information about a Nebraska resident, or the unauthorized access to or use of such information about a Nebraska resident as a result of the breach.(b) If a licensee would be required under Nebraska law to provide notification to a Nebraska resident regarding such incident, then the licensee shall provide a copy of such notification to the department prior to or simultaneously with the licensee's notification to the Nebraska resident.(c) Notice required by this subsection may be delayed if a law enforcement agency determines that the notice will impede a criminal investigation. Notice shall be made in good faith, without unreasonable delay, and as soon as possible after the law enforcement agency determines that notification will no longer impede the investigation.(d) For purposes of this subsection, the terms breach of the security of the system and personal information have the same meaning as in section 87-802.Neb. Rev. Stat. §§ 8-2735
Laws 2013, LB 616, § 35; Laws 2024, LB 1074, § 56.Amended by Laws 2024, LB 1074,§ 56, eff. 4/18/2024, op. 7/19/2024.