# Ind. Code § 28-8-6-404: Multistate supervisory processes

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-404

## Section

- **Citation:** Ind. Code § 28-8-6-404
- **Heading:** Multistate supervisory processes
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 28 / Article 8 / Chapter 6 / Section 28-8-6-404

## Text

Sec. 404. (a) To efficiently and effectively administer and enforce this chapter and to minimize regulatory burden, the director may participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank Supervisors and any affiliate or successor of that organization for all licensees that hold licenses in Indiana and other states. As a participant in multistate supervision, the director may:

(1) cooperate, coordinate, and share information with other state and federal regulators in accordance with section 402 of this chapter;

(2) enter into written cooperation, coordination, or information sharing contracts or agreements with organizations the membership of which is made up of state or federal governmental agencies; and

(3) cooperate, coordinate, and share information with organizations the membership of which is made up of state or federal governmental agencies, as long as the organizations agree in writing to maintain the confidentiality and security of the shared information in accordance with section 402 of this chapter.

(b) The director may not waive, and nothing in this section constitutes a waiver of, the director's authority to conduct an examination or investigation or to otherwise take independent action authorized by this chapter, or by a rule adopted or order issued under this chapter, to enforce compliance with applicable state or federal law.

(c) The performance of a joint examination or investigation, or acceptance of an examination or investigation report, does not waive the director's authority to perform an examination assessment provided for in this chapter.

As added by P.L.222-2025, SEC.5.

## Nearby sections

- [Ind. Code § 28-8-6-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-101.md)
- [Ind. Code § 28-8-6-201 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-201.md)
- [Ind. Code § 28-8-6-301 Applicability of chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-301.md)
- [Ind. Code § 28-8-6-302 Submission of documents or information to director to demonstrate exempt from licensure](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-302.md)
- [Ind. Code § 28-8-6-401 Power of director to administer and enforce this chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-401.md)
- [Ind. Code § 28-8-6-402 Confidentiality; reporting of significant or recurring violations of chapter to NMLSR; director's authority to use NMLSR; limitations on confidentiality](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-402.md)
- [Ind. Code § 28-8-6-403 Examination or investigation of a licensee by the director; provision of records to the director by a licensee](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-403.md)
- [Ind. Code § 28-8-6-404 Multistate supervisory processes](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-404.md)
- [Ind. Code § 28-8-6-501 Licensure required; license not assignable or transferable](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-501.md)
- [Ind. Code § 28-8-6-502 Establishment of licensing that is consistent with other states](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-502.md)
- [Ind. Code § 28-8-6-503 Applications for licenses; issuance; evidence of compliance; use of NMLSR; denial of application; right to hearing; fees; license not assignable or transferable; tax warrant list](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-503.md)
- [Ind. Code § 28-8-6-504 National criminal history background check; fingerprints](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-504.md)
- [Ind. Code § 28-8-6-505 Surety bond; requirements; amount](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-505.md)
- [Ind. Code § 28-8-6-506 License renewal; annual renewal fee; renewal report; extension of the renewal date; use of NMLSR](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-506.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A8_C6_S28-8-6-404. Check the current official text before relying on it. Not legal advice.