Federal law governing money transmission; state law preempted to extent of inconsistency; director's authority to provide interpretive guidance
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Indiana Code › Title 28 › Article 8 › Chapter 4.1 › Section 28-8-4.1-405
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Sec. 405. (a) 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 shall be governed by the applicable federal law to the extent of the inconsistency.
(b) In the event of any inconsistencies between this chapter and a federal law that governs under subsection (a), the director may provide interpretive guidance that:
(1) identifies the inconsistency; and
(2) identifies the appropriate means of compliance with federal law.
As added by P.L.198-2023, SEC.4.
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