Nebraska License Law
A Nebraska broker who maintains more than $50,000 of client escrow funds must maintain the account at a financial institution that:
AHas a Nebraska state charter only
BIs federally insured — FDIC or NCUA coverage protects client funds✓ Correct
CIs approved annually by the NREC
DHas branches in at least 3 Nebraska counties
Explanation
Nebraska requires broker trust accounts to be maintained at federally insured financial institutions, protecting client funds against bank failure. FDIC insures bank accounts and NCUA insures credit union accounts.
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