It is the intent of the Legislature that the provisions of this Act accomplish the following:

1. 1. Coordination Ensure states can coordinate in all areas of regulation, licensing and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;

   [PL 2023, c. 662, §2 (NEW).]

2. 2. Protection of public Protect the public from financial crime;

   [PL 2023, c. 662, §2 (NEW).]

3. 3. Standardization Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and

   [PL 2023, c. 662, §2 (NEW).]

4. 4. Modernization Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.

   [PL 2023, c. 662, §2 (NEW).]

PL 2023, c. 662, §2 (NEW).