Neb. Rev. Stat. § 77-27,234

(1) A financial institution is not required to: (a) Designate an account as a first-time home buyer savings account, or designate the qualified beneficiaries of an account, in the financial institution's account contracts or systems or in any other way; (b) Track the use of money withdrawn from a first-time home buyer savings account; or (c) Report any information to the department or any other governmental agency that is not otherwise required by law. (2) A financial institution is not responsible or liable for: (a) Determining or ensuring that an account holder is eligible for a subtraction under subsection (27) of section 77-2716 ; (b) Determining or ensuring that money in the account is used for an eligible expense; or (c) Reporting or remitting taxes or penalties related to the use of money in a first-time home buyer savings account. (3) In implementing the First-Time Home Buyer Savings Account Act, the department shall not establish any administrative, reporting, or other requirements on financial institutions that are outside the scope of normal account procedures.