HB 381: Office of Financial Regulation

GENERAL BILL by 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; requires loan originators, mortgage brokers, & mortgage lenders & money services businesses to establish written incident response plans for specified purposes & to conduct investigations of cybersecurity events; provides requirements for notices of security breaches; revises list of general law provisions that are waived upon approval of Financial Technology Sandbox application; revises conditions under which waiver of requirement may be granted; 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.

Current Bill Version Posted: 11/6/2025 01:20 PM

• Related Bills (3)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 777 by Barnaby Pub. Rec./Office of Financial Regulation Last Action: 1/5/2026 H Now in Insurance & Banking Subcommittee	Linked
  S 540 by Martin Office of Financial Regulation Last Action: 1/8/2026 S On Committee agenda-- Banking and Insurance, 01/13/26, 4:00 pm, 412 Knott Building	Identical
  S 1440 by Martin Public Records/Office of Financial Regulation/Cybersecurity Event Last Action: 1/8/2026 S Filed	Compare

• Citations - Statute (15)

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  494.00123		Page 5 (pdf)
  494.00255	Administrative penalties and fines; license violations.	Page 15 (pdf)
  517.021	Definitions.	Page 15 (pdf)
  517.12	Registration of dealers, associated persons, intermediaries, and investment advisers.	Page 62 (pdf)
  559.952	Financial Technology Sandbox.	Page 18 (pdf)
  560.114	Disciplinary actions; penalties.	Page 36 (pdf)
  560.1311		Page 42 (pdf)
  655.0171		Page 52 (pdf)
  655.045	Examinations, reports, and internal audits; penalty.	Page 56 (pdf)
  657.005	Application for authority to organize a credit union; investigation.	Page 57 (pdf)
  657.024	Membership meetings.	Page 57 (pdf)
  657.042	Investment powers and limitations.	Page 58 (pdf)
  658.21	Approval of application; findings required.	Page 59 (pdf)
  658.33	Directors, number, qualifications; officers.	Page 60 (pdf)
  662.141	Examination, investigations, and fees.	Page 61 (pdf)

• Bill History

  S = Senate, H = House

  11/6/2025	H	• Filed
  11/18/2025	H	• Referred to Insurance & Banking Subcommittee • Referred to Information Technology Budget & Policy Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee