Section 28-8-4.1-401 - Authority of director of department of financial institutions; authority of department(a) To carry out the purposes of this chapter, the director may, subject to section 402(a) and 402(b) of this chapter, do any of the following: (1) Enter into agreements or relationships with other government officials or federal and state regulatory agencies and regulatory associations in order to improve efficiencies and reduce regulatory burden by:(A) standardizing methods or procedures; and(B) sharing resources, records, or related information obtained under this chapter.(2) Use, contract for, or employ analytical systems, methods, or software to examine or investigate any person subject to this chapter.(3) Accept, from other state or federal government agencies or officials, licensing, examination, or investigation reports made by those other state or federal government agencies or officials.(4) Accept audit reports made by an independent certified public accountant or another qualified third party auditor for an applicant or licensee and incorporate the audit report in any report of examination or investigation.(b) The department has broad administrative authority to:(1) administer, interpret, and enforce this chapter;(2) promulgate rules or regulations implementing this chapter; and(3) recover the cost of administering and enforcing this chapter by imposing and collecting proportionate and equitable fees and costs associated with applications, examinations, investigations, and other actions required to achieve the purpose of this chapter.Added by P.L. 198-2023,SEC. 4, eff. 1/1/2024.