Indiana Code
Title 28. Financial Institutions
Article 8. Financial Services

28-8-1-1. Definitions - Sec. 1. For the purposes of this chapter: (a) "Department"...

28-8-1-1.5. Investment in Corporation by Bank or Trust Company Authorized - Sec. 1.5. Notwithstanding any limitation or prohibition otherwise imposed by...

28-8-1-2. Authority of Two or More Banks and Trust Companies to Invest - Sec. 2. Any two (2) or more banks or trust...

28-8-1-3. Continuation With Single Bank or Trust Company as Sole Stockholders - Sec. 3. In the event the stock of a bank...

28-8-1-4. Application of Competitive Nonmember Bank or Trust Company for Service; Duties - Sec. 4. Whenever any bank or trust company requests bank...

28-8-1-5. Regulation and Examination - Sec. 5. No bank or trust company subject to examination...

Chapter 2. Repealed - Repealed by P.L.265-1985, SEC.7.

Chapter 3. Repealed - Repealed by P.L.42-1993, SEC.103.

Chapter 4. Money Transmitters

28-8-4-1. Applicability - Sec. 1. This chapter does not apply to the following:...

28-8-4-2. Applicant - Sec. 2. As used in this chapter, "applicant" means a...

28-8-4-3. Authorized Delegate - Sec. 3. As used in this chapter, "authorized delegate" means...

28-8-4-3.5. Closed System Stored Value Card - Sec. 3.5. As used in this chapter, "closed system stored...

28-8-4-4. Control - Sec. 4. As used in this chapter, "control" means: (1)...

28-8-4-5. Controlling Person - Sec. 5. As used in this chapter, "controlling person" means...

28-8-4-6. Department - Sec. 6. As used in this chapter, "department" means the...

28-8-4-7. Director - Sec. 7. As used in this chapter, "director" has the...

28-8-4-8. Executive Officer - Sec. 8. As used in this chapter, "executive officer" means...

28-8-4-8.5. Individual - Sec. 8.5. As used in this chapter, "individual" means a...

28-8-4-9. Key Shareholder - Sec. 9. As used in this chapter, "key shareholder" means:...

28-8-4-10. Licensed Activities - Sec. 10. As used in this chapter, "licensed activities" means...

28-8-4-11. Licensee - Sec. 11. As used in this chapter, "licensee" means a...

28-8-4-12. Material Litigation - Sec. 12. As used in this chapter, "material litigation" means...

28-8-4-13. Money Transmission - Sec. 13. (a) As used in this chapter, "money transmission"...

28-8-4-13.8. Organization - Sec. 13.8. As used in this chapter, "organization" means a...

28-8-4-14. Outstanding Payment Instrument - Sec. 14. As used in this chapter, "outstanding payment instrument"...

28-8-4-15. Payment Instrument - Sec. 15. (a) As used in this chapter, "payment instrument"...

28-8-4-16. Permissible Investments - Sec. 16. As used in this chapter, "permissible investments" means:...

28-8-4-17. Person - Sec. 17. As used in this chapter, "person" means an...

28-8-4-18. Repealed - As added by P.L.42-1993, SEC.85. Repealed by P.L.216-2013, SEC.45.

28-8-4-19. The State - Sec. 19. As used in this chapter, "the state" means...

28-8-4-19.5. Stored Value Card - Sec. 19.5. As used in this chapter, "stored value card"...

28-8-4-20. License Required; Application; Felonies; Evidence of Compliance; Criminal Background Checks; Tax Warrant List - Sec. 20. (a) A person may not engage in the...

28-8-4-20.5. Use of Nmlsr in Department's Licensing System; Reporting of Information to Nmlsr; Confidentiality; Director's Authority to Enter Agreements; Waiver of Privilege; Processing Fee; Electronic Records - Sec. 20.5. (a) As used in this section, "Nationwide Multistate...

28-8-4-21. Form of License Applications; Surety Bond; Fee - Sec. 21. (a) An application for a license under this...

28-8-4-22. Repealed - As added by P.L.42-1993, SEC.85. Amended by P.L.122-1994, SEC.102. Repealed...

28-8-4-23. Repealed - As added by P.L.42-1993, SEC.85. Amended by P.L.122-1994, SEC.103. Repealed...

28-8-4-24. Contents of License Applications - Sec. 24. An application for licensure under this chapter must...

28-8-4-25. Applicants Not Organized as Sole Proprietorship; Contents of Applications - Sec. 25. In addition to the items listed in section...

28-8-4-26. Repealed - As added by P.L.42-1993, SEC.85. Amended by P.L.213-2007, SEC.78; P.L.217-2007,...

28-8-4-27. Surety Bond; Requirements; Amount; Termination; Liability; Notices - Sec. 27. (a) An application for licensure under this chapter...

28-8-4-28. Repealed - As added by P.L.42-1993, SEC.85. Repealed by P.L.216-2013, SEC.52.

28-8-4-29. Repealed - As added by P.L.42-1993, SEC.85. Repealed by P.L.216-2013, SEC.53.

28-8-4-30. Repealed - As added by P.L.42-1993, SEC.85. Repealed by P.L.216-2013, SEC.54.

28-8-4-31. Repealed - As added by P.L.42-1993, SEC.85. Repealed by P.L.216-2013, SEC.55.

28-8-4-32. Repealed - As added by P.L.42-1993, SEC.85. Amended by P.L.213-2007, SEC.79; P.L.217-2007,...

28-8-4-33. Conduct of Business; Insurance; Permissible Investments; Good Standing - Sec. 33. (a) A license granted under this chapter permits...

28-8-4-34. Commonly Controlled Corporations or Organizations - Sec. 34. The director may permit corporations or other organizations...

28-8-4-35. Investigations by Director; Issuance of Licenses; Controlling Persons; Denial of Applications - Sec. 35. (a) The director shall begin an investigation after...

28-8-4-36. Contesting Denial of License Applications - Sec. 36. (a) An applicant that is denied a license...

28-8-4-37. License Renewal Fees - Sec. 37. The department shall fix an annual fee for...

28-8-4-38. License Renewal; Annual Requirements; Financial Statements; Fee - Sec. 38. A licensee may renew a license by complying...

28-8-4-39. Written Reports Following Bankruptcies or Reorganizations, License Revocations or Suspensions, and Felony Indictments and Convictions - Sec. 39. A licensee shall file a written report with...

28-8-4-40. Repealed - As added by P.L.42-1993, SEC.85. Repealed by P.L.89-2011, SEC.78.

28-8-4-40.1. License Not Transferable or Assignable - Sec. 40.1. Except in a transaction approved under section 40.2...

28-8-4-40.2. Change in Control of Licensee; Application to Department; Time Frame for Department's Decision; Conditions for Approval; Duty of Licensee to Report Transfer of Securities; Director's Discretion to Require New License - Sec. 40.2. (a) As used in this section, "control" means...

28-8-4-40.4. Carrying on Other Business - Sec. 40.4. A licensee may carry on other business at...

28-8-4-40.5. Repealed - As added by P.L.10-2006, SEC.59 and P.L.57-2006, SEC.59. Amended by...

28-8-4-40.6. Felony Convictions; Notice to Department - Sec. 40.6. (a) This section applies if, after a person...

28-8-4-41. Onsite Examination by Director; Notice Required; Fees; Department's Investigatory and Enforcement Authority; Examination of Vendors - Sec. 41. (a) The director may conduct an annual onsite...

28-8-4-42. Suspected Violations; Request for Additional Financial Data; Onsite Examinations Without Notice; Fees - Sec. 42. (a) If the director has a reasonable basis...

28-8-4-43. Making, Keeping, and Preserving Records - Sec. 43. A licensee shall make, keep, and preserve the...

28-8-4-44. Maintenance and Availability of Records - Sec. 44. (a) The records maintained under section 43 of...

28-8-4-45. Maintenance of Records at Foreign Locations - Sec. 45. Records maintained under section 43 of this chapter...

28-8-4-45.5. Duty to Safeguard Personal Records - Sec. 45.5. The following persons are subject to IC 28-1-2-30.5...

28-8-4-46. Compliance With Money Laundering Laws; Investigation and Enforcement by Department - Sec. 46. (a) The licensee or an authorized delegate shall...

28-8-4-47. Confidentiality of Information; Exceptions - Sec. 47. (a) Notwithstanding any other provision of law, all...

28-8-4-48. Suspension or Revocation of License; Order to Show Cause; Order of Suspension or Revocation; Relinquishment of License; Existing Obligations; Emergency Order for Revocation - Sec. 48. (a) The director may issue to a licensee...

28-8-4-48.1. Failure to File Renewal Form or Pay Renewal Fee; Revocation or Suspension of License - Sec. 48.1. (a) A license issued by the department under...

28-8-4-49. Authorized Delegates; Written Contract Required; Contents; Exemption From Licensing Requirements; Resignation, Discharge or Termination; Notice to Department - Sec. 49. (a) Licensees desiring to conduct licensed activities through...

28-8-4-50. Compliance by Authorized Delegates - Sec. 50. (a) An authorized delegate may not make any...

28-8-4-51. Suspension and Barring of Authorized Delegates - Sec. 51. (a) If, after notice and a hearing, the...

28-8-4-52. Applicability of Law Governing Administrative Orders and Procedures; Venue - Sec. 52. Except as otherwise provided, IC 4-21.5 applies to...

28-8-4-53. Civil Penalties - Sec. 53. (a) If the department determines, after notice and...

28-8-4-54. Claims Against Licensees and Authorized Delegates - Sec. 54. A claim against a licensee or its authorized...

28-8-4-55. Compromise, Settlement, and Collection of Civil Penalties - Sec. 55. The director, in the exercise of reasonable judgment,...

28-8-4-56. Injunctions - Sec. 56. If it appears to the director that a...

28-8-4-57. Consent Orders - Sec. 57. (a) The director may enter into a consent...

28-8-4-58. Violations - Sec. 58. (a) A person who knowingly or intentionally violates...

28-8-4-59. Rules and Regulations - Sec. 59. (a) Rules and regulations promulgated by the director...

28-8-4-60. Jurisdiction - Sec. 60. A licensee, an authorized delegate, or a person...

28-8-4-61. Administration of Chapter - Sec. 61. The division of consumer credit shall have charge...

Chapter 5. Cashing Checks

28-8-5-1. Application of Chapter - Sec. 1. (a) This chapter does not apply to a...

28-8-5-2. Check or Checks - Sec. 2. As used in this chapter, "check" or "checks"...

28-8-5-2.5. Check Cashing Transaction - Sec. 2.5. As used in this chapter, "check cashing transaction"...

28-8-5-3. Consideration - Sec. 3. As used in this chapter, "consideration" includes a...

28-8-5-4. Department - Sec. 4. As used in this chapter, "department" means the...

28-8-5-5. Repealed - As added by P.L.42-1993, SEC.86. Repealed by P.L.89-2011, SEC.78.

28-8-5-6. Licensed Casher of Checks - Sec. 6. As used in this chapter, "licensed casher of...

28-8-5-7. Licensee - Sec. 7. As used in this chapter, "licensee" means a...

28-8-5-8. Location - Sec. 8. As used in this chapter, "location" means a...

28-8-5-9. Person - Sec. 9. As used in this chapter, "person" means any...

28-8-5-10. Resolutions for Administration of Chapter - Sec. 10. The department may make regulations and establish policies...

28-8-5-11. License Required; Application; Contents; Tax Warrant List; Application Fee - Sec. 11. (a) A person shall not engage in the...

28-8-5-12. Issuance and Refusal of Licenses; Evidence of Compliance; Criminal Background Checks - Sec. 12. (a) The department shall determine the financial responsibility,...

28-8-5-13. Licenses Not Transferable or Assignable - Sec. 13. Except in a transaction approved under section 13.1...

28-8-5-13.1. Change in Control of Licensee; Application to Department; Time Frame for Department's Decision; Conditions for Approval; Duty of Licensee to Report Transfer of Securities; Director's Discretion to Require New License - Sec. 13.1. (a) As used in this section, "control" means...

28-8-5-14. Expiration of Licenses - Sec. 14. A license issued pursuant to this chapter expires...

28-8-5-15. License Renewal; Application; Fee; Changes and Events Concerning Licensees or Applicants; Notice to Department Required - Sec. 15. (a) To remain in force, a license must...

28-8-5-16. Check Cashing Requirements - Sec. 16. (a) A licensee must do the following: (1)...

28-8-5-17. Check Cashing Fee Limitations - Sec. 17. (a) Except as otherwise provided in this chapter,...

28-8-5-18. Record Keeping; Duty to Safeguard Personal Records - Sec. 18. (a) A licensee shall keep its books, accounts,...

28-8-5-18.2. Carrying on Other Business - Sec. 18.2. A licensee may carry on other business at...

28-8-5-18.3. Repealed - As added by P.L.10-2006, SEC.64 and P.L.57-2006, SEC.64. Repealed by...

28-8-5-18.4. Felony Convictions or Pleas; Notice to Department - Sec. 18.4. (a) This section applies if, after a person...

28-8-5-18.5. Checks Drawn on Valid Accounts and Deposited With Intent to Draw Funds - Sec. 18.5. The check in a check cashing transaction, to...

28-8-5-19. Examination of Books, Accounts, and Records; Fees; Department's Investigatory and Enforcement Authority; Examination of Vendors - Sec. 19. (a) The department may examine the books, accounts,...

28-8-5-20. Investigation Procedures - Sec. 20. In making investigations concerning the compliance of a...

28-8-5-21. Examination of Records Located Outside Indiana - Sec. 21. If the licensee's records are located outside Indiana,...

28-8-5-21.1. Applicability of Law Governing Administrative Orders and Procedures; Venue - Sec. 21.1. Except as otherwise provided, IC 4-21.5 applies to...

28-8-5-22. Suspension or Revocation of License; Order to Show Cause; Order of Suspension or Revocation; Relinquishment of License; Existing Obligations; Emergency Order for Revocation - Sec. 22. (a) The department may issue to a licensee...

28-8-5-22.5. Failure to File Renewal Form or Pay Renewal Fee; Revocation or Suspension of License - Sec. 22.5. (a) A license issued by the department under...

28-8-5-23. Investigations; Void Check Cashing Transactions - Sec. 23. (a) If the department determines that a reasonable...

28-8-5-24. Civil Penalties; Civil Action by Department - Sec. 24. (a) If the department determines, after notice and...

28-8-5-24.5. Compliance With Money Laundering Laws; Investigation and Enforcement by Department - Sec. 24.5. (a) A licensee shall comply with all state...

28-8-5-25. Violations - Sec. 25. A licensee who violates the provisions of this...

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Indiana Code Title 28. Financial Institutions Article 8. Financial Services

Indiana Code
Title 28. Financial Institutions
Article 8. Financial Services