Section 19-14.3-1.3 - Cooperation and data-sharing authority(a) The department may cooperate, coordinate, jointly examine, consult, and share records and other information with the appropriate regulatory agency of another state, a self-regulatory organization, federal or state regulator of banking or non-depository providers, or a regulator of a jurisdiction outside the United States, concerning the affairs and conduct of a licensee in this state.(b) The department shall: (1) Establish or participate in, with another state that enacts a law substantially similar to this chapter, a central depository for filings required by law of this state other than this chapter;(2) Cooperate in developing and implementing uniform forms for applications and renewal reports and the conduct of joint administrative proceedings and civil actions;(3) Formulate joint rules, forms, statements of policy, and guidance and interpretative opinions and releases; and(4) Develop common systems and procedures.(c) In deciding whether and how to cooperate, coordinate, jointly examine, consult, or share records and other information under subsection (a) of this section, the department shall consider: (1) Maximizing effectiveness and uniformity of regulation, examination, implementation, and enforcement for the benefit of residents and licensees and registrants; and(2) Minimizing burdens on licensees and registrants without adversely affecting protection for residents.R.I. Gen. Laws § 19-14.3-1.3
Added by 2019 Pub. Laws, ch. 246,§ 4, eff. 1/1/2020.Added by 2019 Pub. Laws, ch. 226,§ 4, eff. 1/1/2020.