Indiana Code 28-8-4.1-401. Authority of director of department of financial institutions; authority of department
(1) Enter into agreements or relationships with other government officials or federal and state regulatory agencies and regulatory associations in order to improve efficiencies and reduce regulatory burden by:
Terms Used In Indiana Code 28-8-4.1-401
- Contract: A legal written agreement that becomes binding when signed.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
(B) sharing resources, records, or related information obtained under this chapter.
(2) Use, contract for, or employ analytical systems, methods, or software to examine or investigate any person subject to this chapter.
(3) Accept, from other state or federal government agencies or officials, licensing, examination, or investigation reports made by those other state or federal government agencies or officials.
(4) Accept audit reports made by an independent certified public accountant or another qualified third party auditor for an applicant or licensee and incorporate the audit report in any report of examination or investigation.
(b) The department has broad administrative authority to:
(1) administer, interpret, and enforce this chapter;
(2) promulgate rules or regulations implementing this chapter; and
(3) recover the cost of administering and enforcing this chapter by imposing and collecting proportionate and equitable fees and costs associated with applications, examinations, investigations, and other actions required to achieve the purpose of this chapter.
As added by P.L.198-2023, SEC.4.