LINCOLN - Nebraska Attorney General Jon Bruning violated the state's public disclosure law in 2009 when he failed to list his ownership in a lake home he co-owned with two business executives.

The violation was minor, however, and did not merit a fine because Bruning properly reported the home in 2008 and 2010, the Nebraska Accountability and Disclosure Commission concluded Friday.

The commission approved a settlement agreement, 8-0, with Bruning over the issue, which involved a vacation home near Ashland, Neb. Bruning purchased the $675,000 home in 2008 with two top officials from Nelnet, the Lincoln-based student loan company.

During Bruning's failed run for the Republican nomination for U.S. Senate, the vacation house fueled claims of conflict of interest. The purchase came after the attorney general attempted to waive a $1 million state settlement with Nelnet over improper business practices.

Although the commission could have assessed a fine of up to $2,000 for the violation of the Nebraska Political Accountability and Disclosure Act, it required Bruning to pay no penalty.