Bill Summary

SB 540 Office of Financial Regulation (2026 Session)
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Sponsors
by Martin
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Summary
Office of Financial Regulation; Requiring loan originators, mortgage brokers, and mortgage lenders to develop, implement, and maintain comprehensive written information security programs for the protection of information systems and nonpublic personal information; providing additional acts that constitute a ground for specified disciplinary actions against loan originators and mortgage brokers; revising the list of general law provisions that are waived upon approval of a Financial Technology Sandbox application; requiring money services businesses to develop, implement, and maintain comprehensive written information security programs for the protection of information systems and nonpublic personal information, etc. Effective Date: July 1, 2026
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committees of reference
» S Banking and Insurance
   S Appropriations Committee on Agriculture, Environment, and General Government
   S Rules
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Actions
11/17/25
SENATE
Filed
12/01/25
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
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bill text & filed amendments
0540
Filed on 11/17/25
PDF
No amendments to this bill text filed.
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Statute Citations
494.00123
494.00255
517.021
517.12
559.952
560.114
560.1311
655.0171
655.045
657.005
657.024
657.042
658.21
658.33
662.141
Research & Reports
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