§ 24-5-27.5-25 — Enforcement; applicable primary financial regulator; attorney general

Indiana § 24-5-27.5-25

• Jurisdiction: Indiana
• Art. 5: CONSUMER SALES
• Ch. 27.5: Privacy of Firearms Financial Transactions

Text

(a) Except as provided in subsection (b),
the applicable primary financial regulator with jurisdiction over a
financial services provider subject to this chapter is responsible for
enforcing the financial services provider's compliance with this
chapter.
(b) The attorney general is responsible for enforcing section 20 of
this chapter with respect to any person that is not a financial services
provider subject to regulation under subsection (a). Upon receiving
notice of an alleged violation of section 20 of this chapter, the attorney
general shall investigate the alleged violation in accordance with IC 4-6-3-3, subject to the confidentiality provisions set forth in IC 4-6-3-9.
However, in any investigation under this subsection, the attorney
general may not require any person to:
(1) produce documentary material that includes;
(2) answer under oath and in writing written interrogatories
concerning; or
(3) appear and testify under oath concerning;
protected financial information (as defined in section 19 of this
chapter). If the attorney determines that a violation of section 20 of this
chapter has occurred, the attorney general shall provide written notice
to the person found to be in violation. Upon receiving written notice
from the attorney general under this subsection, a person has thirty (30)
calendar days from the date of receipt to cease the violation. If the
person fails to cease the violation within the thirty (30) day period set
forth in this subsection, the attorney general may seek, in a court
having jurisdiction, injunctive relief, a civil penalty not to exceed ten
thousand dollars ($10,000) per violation, costs, expert fees, and
reasonable attorney's fees.

Legislative History

As added by P.L.132-2024, SEC.4.