# 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

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-405

## Section

- **Citation:** Ind. Code § 28-8-4.1-405
- **Heading:** Federal law governing money transmission; state law preempted to extent of inconsistency; director's authority to provide interpretive guidance
- **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 28-8-4.1-405

## Text

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.

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C4.1_S28-8-4.1-405. Check the current official text before relying on it. Not legal advice.