Effective 1-1-2024.
- (1) ensure states can coordinate in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively use regulatory resources;
- (2) enforce compliance with applicable state and federal laws;
- (3) standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and
- (4) modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.
Sec. 102. This chapter is designed to replace state money transmission laws codified at IC 28-8-4 (before its repeal on January 1, 2024). The underlying purposes and policies of this chapter are to:
As added by P.L.198-2023, SEC.4.