Note: This version of section effective until 1-1-2024. See also following repeal of this chapter, effective 1-1-2024.

     Sec. 13. (a) As used in this chapter, “money transmission” means an activity that:

Terms Used In Indiana Code 28-8-4-13

  • authorized delegate: means an entity designated by a licensee to:

    Indiana Code 28-8-4-3

  • payment instrument: means :

    Indiana Code 28-8-4-15

(1) involves:

(A) the sale or issuance of payment instruments primarily for personal, family, or household purposes; or

(B) engaging in the business of:

(i) receiving money for transmission from; or

(ii) transmitting money to;

any location and by any means, including a payment instrument, wire, facsimile, or electronic transfer, primarily for personal, family, or household purposes; and

(2) is performed:

(A) from an office or place of business, wherever located; or

(B) over the Internet or by any other means of transmission.

     (b) The term includes any activity described in subsection (a) that is performed by an authorized delegate, wherever located.

As added by P.L.42-1993, SEC.85. Amended by P.L.89-2011, SEC.56; P.L.216-2013, SEC.42.

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