Indiana § 28-1-23.2-9 Director actions

Indiana Statutes

§ 28-1-23.2-9 — Director actions

Indiana § 28-1-23.2-9

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 23.2Prize Linked Savings Programs

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Bluebook

Ind. Code § 28-1-23.2-9 (2026).

Text

The director may do any of the following:

(1)Prescribe the form or manner in which an eligible depository financial institution may seek approval from the department to offer a prize linked savings program to eligible individuals.

(2)Adopt rules, policies, or guidance concerning the conduct of prize linked savings programs in Indiana.

(3)Examine the conduct of an eligible depository financial institution's prize linked savings program.

(4)Issue cease and desist orders or otherwise exercise the department's enforcement powers under IC 28-11-4 for a violation of this chapter.

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The director may do any of the following:
(1) Prescribe the form or manner in which an eligible depository
financial institution may seek approval from the department to
offer a prize linked savings program to eligible individuals.
(2) Adopt rules, policies, or guidance concerning the conduct of
prize linked savings programs in Indiana.
(3) Examine the conduct of an eligible depository financial
institution's prize linked savings program.
(4) Issue cease and desist orders or otherwise exercise the
department's enforcement powers under IC 28-11-4 for a violation
of this chapter.