Indiana § 28-8-4.1-501 Engaging in the business of money transmission; license required;
exceptions; license not transferrable or assignable

Indiana Statutes

§ 28-8-4.1-501 — Engaging in the business of money transmission; license required; exceptions; license not transferrable or assignable

Indiana § 28-8-4.1-501

Art. 8FINANCIAL SERVICES

Ch. 4.1Money Transmission Modernization Act

This text of Indiana § 28-8-4.1-501 (Engaging in the business of money transmission; license required; exceptions; license not transferrable or assignable) 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 § 28-8-4.1-501 (2026).

Text

(a)A person may not:

(1)engage in the business of money transmission; or

(2)advertise, solicit, or hold itself out as providing money transmission; unless the person is licensed under this chapter.

(b)Subsection (a) does not apply to:

(1)a person that is:

(A)an authorized delegate of a person licensed under this chapter; and

(B)acting within the scope of authority conferred by a written contract with the licensee; or

(2)a person that is exempt under section 301 of this chapter and does not engage in money transmission outside the scope of the exemption.

(c)A license issued under section 505 of this chapter is not transferable or assignable.

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(a) A person may not:
(1) engage in the business of money transmission; or
(2) advertise, solicit, or hold itself out as providing money
transmission;
unless the person is licensed under this chapter.
(b) Subsection (a) does not apply to:
(1) a person that is:
(A) an authorized delegate of a person licensed under this
chapter; and
(B) acting within the scope of authority conferred by a written
contract with the licensee; or
(2) a person that is exempt under section 301 of this chapter and
does not engage in money transmission outside the scope of the
exemption.
(c) A license issued under section 505 of this chapter is not
transferable or assignable.