1.    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 must be governed by the applicable federal law to the extent of the inconsistency.

Terms Used In North Dakota Code 13-09.1-08

  • 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.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49

2.    In the event of any inconsistencies between this chapter and a federal law that governs pursuant to subsection 1, the commissioner may provide interpretive guidance that identifies:

a.    The inconsistency; and

b.    The appropriate means of compliance with federal law.

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