The members may by resolution establish policies and procedures in order to facilitate:

1. (1) the supervision of financial institutions by the department; and

2. (2) the licensing and regulation of persons and entities by the department under:

   1. (A) this title; and
   2. (B) IC 24 .

As added by P.L.33-1991, SEC.56. Amended by P.L.262-1995, SEC.74; P.L.213-2007, SEC.93; P.L.217-2007, SEC.91.