Revises provisions relating to financial services. (BDR 54-258)

SB 44 requires financial service businesses in Nevada - including mortgage servicers, lenders, collection agencies, and payday loan providers - to follow federal data security standards set by the FTC (16 C.F.R. Part 314). This means these businesses must create and maintain data protection plans, keep them in their business records, and report data breaches to state regulators within the Commissioner of Financial Institutions or Mortgage Lending. The bill also sets new financial and governance standards for large mortgage servicers (those handling 2,000+ loans across multiple states), including annual audits and risk management programs. These changes apply to over a dozen specific service types, aiming to align Nevada’s oversight with federal data security requirements.