CS/SB 540: Office of Financial Regulation
GENERAL BILL by Banking and Insurance ; 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 requirements for such programs; providing additional acts that constitute a ground for specified disciplinary actions against loan originators and mortgage brokers; requiring money services businesses to develop, implement, and maintain comprehensive written information security programs for the protection of information systems and nonpublic personal information; requiring financial institutions to take measures to protect and secure certain data that contain personal information; providing requirements for notices of security breaches to the office, the Department of Legal Affairs, certain individuals, and certain credit reporting agencies, etc.
Last Action: 1/22/2026 Senate - CS by Banking and Insurance read 1st time
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 11/17/2025 Senate • Filed
12/1/2025 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Rules
1/8/2026 Senate • On Committee agenda-- Banking and Insurance, 01/13/26, 4:00 pm, 412 Knott Building
1/13/2026 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
• Introduced
1/15/2026 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
1/16/2026 Senate • Now in Appropriations Committee on Agriculture, Environment, and General Government
1/22/2026 Senate • CS by Banking and Insurance read 1st time
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CS/SB 540, Committee Substitute 1 (Current Bill Version) Posted 1/15/2026 at 4:00 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1440 Public Records/Office of Financial Regulation/Cybersecurity Event Martin Linked Last Action: 1/23/2026 S On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building 
H 381 (c1) Office of Financial Regulation Insurance & Banking Subcommittee Similar Last Action: 1/23/2026 H 1st Reading (Committee Substitute 1)
H 777 Pub. Rec./Office of Financial Regulation Barnaby Compare Last Action: 1/22/2026 H Now in Government Operations Subcommittee
Citations - Statutes (16)
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) 517.061 Exempt transactions. Page 15 (pdf) 517.12 Registration of dealers, associated persons, intermediaries, and investment advisers. Page 39 (pdf) 520.135 Page 17 (pdf) 560.114 Disciplinary actions; penalties. Page 17 (pdf) 560.1311 Page 22 (pdf) 655.0171 Page 30 (pdf) 655.045 Examinations, reports, and internal audits; penalty. Page 33 (pdf) 657.005 Application for authority to organize a credit union; investigation. Page 34 (pdf) 657.024 Membership meetings. Page 35 (pdf) 657.042 Investment powers and limitations. Page 35 (pdf) 658.21 Approval of application; findings required. Page 36 (pdf) 658.33 Directors, number, qualifications; officers. Page 37 (pdf) 662.141 Examination, investigations, and fees. Page 38 (pdf) -
SB 540, Original Filed Version Posted 11/17/2025 at 4:48 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 1/12/2026 (pdf)
Banking and Insurance (Post-Meeting) 1/15/2026 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1440 Public Records/Office of Financial Regulation/Cybersecurity Event Martin Linked Last Action: 1/23/2026 S On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
H 381 Office of Financial Regulation Insurance & Banking Subcommittee Identical Last Action: 1/23/2026 H 1st Reading (Committee Substitute 1)
H 777 Pub. Rec./Office of Financial Regulation Barnaby Compare Last Action: 1/22/2026 H Now in Government Operations Subcommittee
Committee Amendments (4)
Amendment Sponsor Filed Last Committee Action Format 686220 - Amendment
Between lines 435 and 436 insert:Banking and Insurance
(Martin)1/12/2026
3:58 PMReplaced by Committee Substitute
1/15/2026Web Page
PDF465000 - Amendment
Delete lines 436 - 879.Banking and Insurance
(Martin)1/12/2026
4:01 PMReplaced by Substitute Amendment
1/15/2026Web Page
PDF
151196 - Substitute Amendment (465000)
Delete lines 425 - 879 and insert:Banking and Insurance
(Martin)1/13/2026
1:24 PMReplaced by Committee Substitute
1/15/2026Web Page
PDF820822 - Amendment
Delete line 1413 and insert:Banking and Insurance
(Martin)1/12/2026
3:52 PMReplaced by Committee Substitute
1/15/2026Web Page
PDFCommittee Votes (1)
Date Committee Result 1/13/2026 4:00 PM Banking and Insurance 10 Yeas - 0 Nays 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)