(1) The general assembly finds and declares that the purpose of this article 110 is to:
- (a) Ensure states can coordinate in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively utilize regulator resources;
- (b) Protect the public from financial crime;
- (c) Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and
- (d) Modernize safety and soundness requirements to ensure customer money is protected in an environment that supports innovative and competitive business practices.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 375, § 1, effective August 6.
Editor's note: Prior to its repeal and reenactment, this section was similar to former § 12-52-102 as it existed prior to 2017.