Indiana § 28-11-4-2 Unsafe or unsound practices or violations of law; notice of charges;
joint exercise of enforcement powers with federal regulators

Indiana Statutes

§ 28-11-4-2 — Unsafe or unsound practices or violations of law; notice of charges; joint exercise of enforcement powers with federal regulators

Indiana § 28-11-4-2

Art. 11DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 4Enforcement Powers of the Department

This text of Indiana § 28-11-4-2 (Unsafe or unsound practices or violations of law; notice of charges; joint exercise of enforcement powers with federal regulators) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-11-4-2 (2026).

Text

If the director has reasonable cause to believe that a financial institution:

(1)has engaged, is engaging, or will engage in an unsafe or unsound practice in conducting the business of the financial institution; or

(2)has violated, is violating, or will violate a:

(A)statute;

(B)rule;

(C)condition imposed in writing by the director in connection with the granting of an application or other request by the financial institution; or

(D)written agreement entered into with the department; the director may issue and serve upon the financial institution a notice of charges of the practice or violation. The department may, when appropriate, exercise enforcement powers under this chapter jointly with a financial institution's primary federal regulator.

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If the director has reasonable cause to believe
that a financial institution:
(1) has engaged, is engaging, or will engage in an unsafe or
unsound practice in conducting the business of the financial
institution; or
(2) has violated, is violating, or will violate a:
(A) statute;
(B) rule;
(C) condition imposed in writing by the director in connection
with the granting of an application or other request by the
financial institution; or
(D) written agreement entered into with the department;
the director may issue and serve upon the financial institution a notice
of charges of the practice or violation. The department may, when
appropriate, exercise enforcement powers under this chapter jointly
with a financial institution's primary federal regulator.