Bill Summary
SB 1216 Cybersecurity of Mortgage Brokers and Lenders and Money Services Businesses (2025 Session)
Cybersecurity of Mortgage Brokers and Lenders and Money Services Businesses; Requiring licensees to develop and maintain a specified information security program; requiring licensees to make a prompt investigation of a cybersecurity event that has occurred or may occur; requiring licensees to provide a specified notice to the Office of Financial Regulation; revising the actions that constitute grounds for disciplinary actions for mortgage brokers and lenders and grounds for the issuance of a cease and desist order or removal order or the denial, suspension, or revocation of a license of a money service business, respectively, etc. Effective Date: 7/1/2025
02/25/25
SENATE
Filed
03/03/25
SENATE
Referred to Banking and Insurance; Judiciary; Rules
No amendments to this bill text filed.
494.0017
494.00255
560.114
560.1215

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