Sec. 701. (a) A licensee shall submit a report of condition not later than forty-five (45) days after the end of each calendar quarter, or within any extended time as the director may prescribe.

     (b) A report of condition under this section must include the following:

Terms Used In Indiana Code 28-8-4.1-701

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(1) Financial information at the licensee level.

(2) Nationwide and state specific money transmission transaction information in every jurisdiction in the United States in which the licensee is licensed to engage in money transmission.

(3) A permissible investments report.

(4) Transaction destination country reporting for money received for transmission, if applicable.

(5) Any other information the director reasonably requires with respect to the licensee. The director:

(A) may use the NMLS for the submission of the report required by this section; and

(B) is authorized to change or update as necessary the requirements of this section to carry out the purposes of this chapter and maintain consistency with NMLS reporting.

     (c) The information required by subsection (b)(4) must only be included in a report of condition submitted not later than forty-five (45) days after the end of the fourth calendar quarter.

As added by P.L.198-2023, SEC.4.

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