§ 28-8-6-404 — Multistate supervisory processes

Indiana § 28-8-6-404

• Jurisdiction: Indiana
• Art. 8: FINANCIAL SERVICES
• Ch. 6: Indiana Earned Wage Access Act

Text

Effective 1-1-2026.
Sec. 404. (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 and any affiliate or successor of that 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.

Legislative History

As added by P.L.222-2025, SEC.5.