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.

Current Bill Version Posted: 11/17/2025 04:48 PM

• Senate Committee References (3)

  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Rules (RC)

• Related Bills (3)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 1440 by Martin Public Records/Office of Financial Regulation/Cybersecurity Event Last Action: 1/8/2026 S Filed	Linked
  H 381 by Barnaby Office of Financial Regulation Last Action: 11/18/2025 H Now in Insurance & Banking Subcommittee	Identical
  H 777 by Barnaby Pub. Rec./Office of Financial Regulation Last Action: 1/5/2026 H Now in Insurance & Banking Subcommittee	Compare

• Citations - Statute (15)

  The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
  
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  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)

• Bill History

  S = Senate, H = House

  11/17/2025	S	• Filed
  12/1/2025	S	• Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
  1/8/2026	S	• On Committee agenda-- Banking and Insurance, 01/13/26, 4:00 pm, 412 Knott Building