§ 28-8-4.1-1108 — Consent order; not an admission or finding of violation

Indiana § 28-8-4.1-1108

• Jurisdiction: Indiana
• Art. 8: FINANCIAL SERVICES
• Ch. 4.1: Money Transmission Modernization Act

Text

(a) The director may enter into a
consent order with a person to resolve a matter arising under this
chapter.
(b) A consent order must:
(1) be signed by the person to whom it is issued or an authorized
representative of that person; and
(2) indicate agreement to the terms contained within the consent
order.
(c) A consent order does not:
(1) constitute an admission by a person that a provision of this
chapter or an order promulgated or issued under this chapter has
been violated; or
(2) constitute a finding by the director that the person has violated
a provision of this chapter or an order promulgated or issued
under this chapter.
(d) Notwithstanding the issuance of a consent order, the director
may seek civil or criminal penalties or compromise civil penalties
concerning matters encompassed by the consent order, unless the
consent order by its terms expressly precludes the director from doing
so.

Legislative History

As added by P.L.198-2023, SEC.4.