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
Redline — January 1, 2023 → current.View current text →
Current — January 1, 2025
As of January 1, 2023
Effective 1-1-2024.
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.
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.
(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:
(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) identifies the inconsistency; and
(1) identifies the inconsistency; and
(2) identifies the appropriate means of compliance with federal law.
(2) identifies the appropriate means of compliance with federal law.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.