This notice is submitted in compliance with IC 4-22-2-19, which requires an agency to begin the rulemaking process not later than 60 days after the effective date of the statute that authorizes the rule.

This rule required the Indiana Department of Financial Institutions to appear before the State Budget Committee before the rulemaking process could begin. That appearance did not occur until December 19, 2023. The rulemaking process was initiated on January 3, 2024, by publishing its Notice of First Public Comment Period (DIN: 20240103-IR-750230837FNA).

George Dremonas

General Counsel

Indiana Department of Financial Institutions