Technology (Consumer Data Protection)

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.

SB 63 strengthens protections for children's online data by requiring online services targeting children in this state to obtain verifiable parental consent before collecting personal information or precise geolocation data. It prohibits controllers (service providers) from using children's data for targeted advertising, selling it, or profiling them, and mandates data protection assessments for child-focused services. The law also requires strict handling of de-identified data to prevent re-identification and treats violations as deceptive trade practices, with enforcement solely by the Attorney General. It directly affects any online platform offering services, products, or features directed at children under 13 within the state.