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·Art. 11 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 4 Enforcement Powers of the Department

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.

Indiana § 28-11-4-2 (Unsafe or unsound practices or violations of law; notice of charges; joint exercise of enforcement powers with federal regulators) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.