Indiana § 28-8-4.1-102 Purposes and policies

Indiana Statutes

§ 28-8-4.1-102 — Purposes and policies

Indiana § 28-8-4.1-102

Art. 8FINANCIAL SERVICES

Ch. 4.1Money Transmission Modernization Act

This text of Indiana § 28-8-4.1-102 (Purposes and policies) 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 § 28-8-4.1-102 (2026).

Text

This chapter is designed to replace state money transmission laws codified at IC 28-8-4 (before its repeal on January 1, 2024). The underlying purposes and policies of this chapter are to:

(1)ensure states can coordinate in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively use regulatory resources;

(2)enforce compliance with applicable state and federal laws;

(3)standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and

(4)modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.

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This chapter is designed to replace state
money transmission laws codified at IC 28-8-4 (before its repeal on
January 1, 2024). The underlying purposes and policies of this chapter
are to:
(1) ensure states can coordinate in all areas of regulation,
licensing, and supervision to eliminate unnecessary regulatory
burden and more effectively use regulatory resources;
(2) enforce compliance with applicable state and federal laws;
(3) standardize the types of activities that are subject to licensing
or otherwise exempt from licensing; and
(4) modernize safety and soundness requirements to ensure
customer funds are protected in an environment that supports
innovative and competitive business practices.