State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter8 > 8-1008

8-1008. Licensee; bond; requirements.After a license has been granted, the licensee shall maintain the bond or securities in the amount prescribed by section 8-1006, as follows:(1) Each licensee who does not have on file or deposit a bond or securities in the undiminished sum of two hundred fifty thousand dollars shall file semiannual reports with the director setting forth the locations at which the licensee sells checks in this state as of January 1 and July 1 in each year with the report for each such date being due on or before the fifteenth day thereafter. The licensee shall not be required to list on such reports those agents which are exempted by the provisions of section 8-1003. Within ten days following the filing of such reports, the principal sum of the bond or securities shall be increased to reflect any increase in the number of locations and may be decreased to reflect any decrease in the number of locations; and(2) If the director finds at any time that any bond required by the Nebraska Sale of Checks and Funds Transmission Act is insecure, insufficient, or exhausted, an additional bond to be approved by the director shall be filed by the licensee within ten days after written demand therefor by the director. SourceLaws 1965, c. 26, § 8, p. 196; Laws 2001, LB 53, § 14; Laws 2004, LB 999, § 10; Laws 2006, LB 876, § 15.