# Ind. Code § 28-8-4.1-401: Authority of director of department of financial institutions; authority of department > Indiana · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-401 ## Section - **Citation:** Ind. Code § 28-8-4.1-401 - **Heading:** Authority of director of department of financial institutions; authority of department - **Jurisdiction:** Indiana - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Indiana Code / Title 28 / Article 8 / Chapter 4.1 / Section 28-8-4.1-401 ## Text Sec. 401. (a) To carry out the purposes of this chapter, the director may, subject to section 402(a) and 402(b) of this chapter, do any of the following: (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: (A) standardizing methods or procedures; and (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. ## Nearby sections - [Ind. Code § 28-8-4.1-101 Citation as Money Transmission Modernization Act](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-101.md) - [Ind. Code § 28-8-4.1-102 Purposes and policies](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-102.md) - [Ind. Code § 28-8-4.1-201 Definitions; applicability](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-201.md) - [Ind. Code § 28-8-4.1-301 Exempt persons](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-301.md) - [Ind. Code § 28-8-4.1-302 Person claiming exemption; director's authority to require information and documentation](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-302.md) - [Ind. Code § 28-8-4.1-401 Authority of director of department of financial institutions; authority of department](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-401.md) - [Ind. Code § 28-8-4.1-402 Confidential information; reporting violations and complaints to the NMLS; director's authority to use the NMLS; information or material subject to privilege or confidentiality; release of information](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-402.md) - [Ind. Code § 28-8-4.1-403 Director's authority to conduct examinations and investigations; access to records; costs of examination; persons operating without a license](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-403.md) - [Ind. Code § 28-8-4.1-404 Director's authority to participate in multistate supervisory processes; authority to take independent action not waived](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-404.md) - [Ind. Code § 28-8-4.1-405 Federal law governing money transmission; state law preempted to extent of inconsistency; director's authority to provide interpretive guidance](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-405.md) - [Ind. Code § 28-8-4.1-406 Outside vendor providing services to licensee; department's authority to examine; expense of examination; refusal to permit examination](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-406.md) - [Ind. Code § 28-8-4.1-501 Engaging in the business of money transmission; license required; exceptions; license not transferrable or assignable](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-501.md) - [Ind. Code § 28-8-4.1-502 Multistate licensing processes and nationwide protocols for licensing; director's authority to use the NMLS](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-502.md) - [Ind. Code § 28-8-4.1-503 Application for license; contents; applications by business entities; required fees; director's authority to waive or substitute requirements](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-503.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-401. Check the current official text before relying on it. Not legal advice.