SB 540: Office of Financial Regulation
GENERAL BILL by Martin
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.
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Bill History
Date Chamber Action 11/17/2025 Senate • Filed
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SB 540, Original Filed Version (Current Bill Version) Posted 11/17/2025 at 4:48 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 381 Office of Financial Regulation Barnaby Identical Last Action: 11/18/2025 H Now in Insurance & Banking Subcommittee 
Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 494.00123 Page 4 (pdf) 494.00255 Administrative penalties and fines; license violations. Page 13 (pdf) 517.021 Definitions. Page 13 (pdf) 517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 53 (pdf) 559.952 Financial Technology Sandbox. Page 16 (pdf) 560.114 Disciplinary actions; penalties. Page 31 (pdf) 560.1311 Page 36 (pdf) 655.0171 Page 45 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 48 (pdf) 657.005 Application for authority to organize a credit union; investigation. Page 49 (pdf) 657.024 Membership meetings. Page 49 (pdf) 657.042 Investment powers and limitations. Page 49 (pdf) 658.21 Approval of application; findings required. Page 50 (pdf) 658.33 Directors, number, qualifications; officers. Page 51 (pdf) 662.141 Examination, investigations, and fees. Page 52 (pdf)