1. (1) To efficiently and effectively administer and enforce this article 110 and to minimize regulatory burden, the banking board may participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank Supervisors, the Money Transmitter Regulators Association, and affiliates and successors thereof for all licensees that hold licenses in this state and other states. As a participant in multistate supervision, the banking board shall:

   1. (a) Cooperate, coordinate, and share information with other state and federal regulators in accordance with section 11-110-402;
   2. (b) 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. (c) Cooperate, coordinate, and share information with organizations, the membership of which is made up of state or federal governmental agencies, if the organizations agree in writing to maintain the confidentiality and security of the shared information in accordance with section 11-110-402.
2. (2) The banking board does not waive, and nothing in this section constitutes a waiver of, the board's authority to conduct an examination or investigation or otherwise take independent action authorized by this article 110 or a rule adopted or order issued under this article 110 to enforce compliance with applicable state or federal law.
3. (3) A joint examination or investigation, or acceptance of an examination or investigation report, does not waive an examination assessment provided for in this article 110.

Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 386, § 1, effective August 6.