Indiana § 28-8-4.1-404 Director's authority to participate in multistate supervisory processes;
authority to take independent action not waived

Indiana Statutes

§ 28-8-4.1-404 — Director's authority to participate in multistate supervisory processes; authority to take independent action not waived

Indiana § 28-8-4.1-404

Art. 8FINANCIAL SERVICES

Ch. 4.1Money Transmission Modernization Act

This text of Indiana § 28-8-4.1-404 (Director's authority to participate in multistate supervisory processes; authority to take independent action not waived) 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 § 28-8-4.1-404 (2026).

Text

(a)To efficiently and effectively administer and enforce this chapter and to minimize regulatory burden, the director may participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank Supervisors, the Money Transmitter Regulators Association, and the affiliates and successors of either organization, for all licensees that hold licenses in Indiana and other states. As a participant in multistate supervision, the director may:

(1)cooperate, coordinate, and share information with other state and federal regulators in accordance with section 402 of this chapter;

(2)enter into written cooperation, coordination, or information sharing contracts or agreements with organizations the membership of which is made up of state or fede

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(a) To efficiently and effectively
administer and enforce this chapter and to minimize regulatory burden,
the director may participate in multistate supervisory processes
established between states and coordinated through the Conference of
State Bank Supervisors, the Money Transmitter Regulators
Association, and the affiliates and successors of either organization, for
all licensees that hold licenses in Indiana and other states. As a
participant in multistate supervision, the director may:
(1) cooperate, coordinate, and share information with other state
and federal regulators in accordance with section 402 of this
chapter;
(2) enter into written cooperation, coordination, or information
sharing contracts or agreements with organizations the
membership of which is made up of state or federal governmental
agencies; and
(3) cooperate, coordinate, and share information with
organizations the membership of which is made up of state or
federal governmental agencies, as long as the organizations agree
in writing to maintain the confidentiality and security of the
shared information in accordance with section 402 of this chapter.
(b) The director may not waive, and nothing in this section
constitutes a waiver of, the director's authority to conduct an
examination or investigation or to otherwise take independent action
authorized by this chapter, or by a rule adopted or order issued under
this chapter, to enforce compliance with applicable state or federal law.
(c) The performance of a joint examination or investigation, or
acceptance of an examination or investigation report, does not waive
the director's authority to perform an examination assessment provided
for in this chapter.