2019 Indiana Code
Title 28. Financial Institutions
Article 8. Financial Services
Chapter 4. Money Transmitters
28-8-4-13. Money transmission
Sec. 13. (a) As used in this chapter, "money transmission" means an activity that:
(1) involves:
(A) the sale or issuance of payment instruments primarily for personal, family, or household purposes; or
(B) engaging in the business of:
(i) receiving money for transmission from; or
(ii) transmitting money to;
any location and by any means, including a payment instrument, wire, facsimile, or electronic transfer, primarily for personal, family, or household purposes; and
(2) is performed:
(A) from an office or place of business, wherever located; or
(B) over the Internet or by any other means of transmission.
(b) The term includes any activity described in subsection (a) that is performed by an authorized delegate, wherever located.
As added by P.L.42-1993, SEC.85. Amended by P.L.89-2011, SEC.56; P.L.216-2013, SEC.42.
