It is the intent of the General Assembly that the provisions of this chapter accomplish the following:
- (1) ensure the State can coordinate with other states in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;
- (2) protect the public from financial crime;
- (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.
(Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)