Indiana § 28-8-4.1-502 Multistate licensing processes and nationwide protocols for licensing;
director's authority to use the NMLS

Indiana Statutes

§ 28-8-4.1-502 — Multistate licensing processes and nationwide protocols for licensing; director's authority to use the NMLS

Indiana § 28-8-4.1-502

Art. 8FINANCIAL SERVICES

Ch. 4.1Money Transmission Modernization Act

This text of Indiana § 28-8-4.1-502 (Multistate licensing processes and nationwide protocols for licensing; director's authority to use the NMLS) 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 § 28-8-4.1-502 (2026).

Text

(a)To establish consistent licensing between this state and other states, the director may:

(1)implement all licensing provisions of this chapter in a manner that is consistent with other states that have adopted:

(A)a law containing the same provisions of this chapter; or

(B)multistate licensing processes; and

(2)participate in nationwide protocols for licensing cooperation and coordination among state regulators if those protocols are consistent with this chapter.

(b)To fulfill the purposes of this chapter, the director may establish relationships or contracts with the NMLS or other entities designated by the NMLS to enable the director to:

(1)collect and maintain records;

(2)coordinate multistate licensing processes and supervision processes;

(3)process fees; and

(4)facilitate

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(a) To establish consistent licensing
between this state and other states, the director may:
(1) implement all licensing provisions of this chapter in a manner
that is consistent with other states that have adopted:
(A) a law containing the same provisions of this chapter; or
(B) multistate licensing processes; and
(2) participate in nationwide protocols for licensing cooperation
and coordination among state regulators if those protocols are
consistent with this chapter.
(b) To fulfill the purposes of this chapter, the director may establish
relationships or contracts with the NMLS or other entities designated
by the NMLS to enable the director to:
(1) collect and maintain records;
(2) coordinate multistate licensing processes and supervision
processes;
(3) process fees; and
(4) facilitate communication between the state and licensees or
other persons subject to this chapter.
(c) The director may use the NMLS for all aspects of licensing in
accordance with this chapter, including license applications,
applications for acquisitions of control, surety bonds, reporting,
criminal history background checks, credit checks, fee processing, and
examinations.
(d) The director may use NMLS forms, processes, and
functionalities in accordance with this chapter. If the NMLS does not
provide functionality, forms, or processes for a provision of this
chapter, the director may implement the requirements in a manner that
facilitates uniformity with respect to licensing, supervision, reporting,
and regulation of licensees that are licensed in multiple jurisdictions.
(e) For the purpose of participating in the NMLS, the director is
authorized to waive or modify, in whole or in part, by rule, regulation
or order, any or all of the requirements for licensure and to establish
new requirements as reasonably necessary to participate in the NMLS.