CS/HB 381: Office of Financial Regulation
GENERAL BILL by Insurance & Banking Subcommittee ; Barnaby
Office of Financial Regulation; Requires loan originators, mortgage brokers, & mortgage lenders & money services businesses to develop, implement, & maintain comprehensive written information security programs for protection of information systems & nonpublic personal information & to establish written incident response plans; provides requirements for notices of security breaches; revises list of actions by money services businesses which constitute grounds for disciplinary actions & penalties; provides requirements for emergency orders that suspend money services business licenses; provides that debit card transaction shall be treated same as cash transactions & prohibits redemption through credit card transaction; requires financial institutions to take measures to protect & secure certain data that contain personal information; provides requirements for notices of security breaches to office, DLA, certain individuals, & certain credit reporting agencies; revises timeline for mailing of payment for salary & travel expenses of certain field staff; revises requirements for permission to organize credit unions; removes provisions that impose limitations on investments in real estate & equipment for credit unions; revises requirements & factors for approving applications for organizing banks & trust companies; revises requirements for directors of certain banks & trust companies.
Last Action: 1/26/2026 House - Now in Information Technology Budget & Policy Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/6/2025 | House |
• Filed |
| 11/18/2025 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Information Technology Budget & Policy Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/13/2026 | House |
• 1st Reading (Original Filed Version) |
| 1/16/2026 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 1/21/2026 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 1/23/2026 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1) |
| 1/26/2026 | House |
• Referred to Information Technology Budget & Policy Subcommittee • Referred to Commerce Committee • Now in Information Technology Budget & Policy Subcommittee |
