Ind. Code § 28-8-4.1-405 – Federal law governing money transmission; state law preempted to extent of inconsistency; director's authority to provide interpretive guidance

Effective 1-1-2024.

(b) In the event of any inconsistencies between this chapter and a federal law that governs under subsection (a), the director may provide interpretive guidance that:
1. (1) identifies the inconsistency; and
2. (2) identifies the appropriate means of compliance with federal law.

Sec. 405. (a) In the event state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.

As added by P.L.198-2023, SEC.4.