It is the intent of the Legislature that the provisions of this Act accomplish the following:
1. Coordination. Ensure states can coordinate in all areas of regulation, licensing and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;2. Protection of public. Protect the public from financial crime;3. Standardization. Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and4.Modernization. Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.Added by 2024, c. 662,§ 2, eff. 8/9/2024.