Idaho Administrative Code Title IDAPA 12 - Finance, Department of
Idaho Administrative Code – Title IDAPA 12: Department of Finance
The Idaho Department of Finance (IDAPA 12) is responsible for regulating and overseeing financial institutions and professionals operating within the state. This includes banks, credit unions, mortgage companies, investment firms, payday lenders, and other entities engaged in financial services.
Key Areas Covered in IDAPA 12:
Banking (12.01.01)
Regulation of state-chartered banks and trust companies
Standards for capital requirements, lending practices, examinations, mergers, and liquidation
Credit Unions (12.01.02)
Licensing and supervision of state-chartered credit unions
Rules on operations, member services, and reporting requirements
Consumer Finance (12.01.03)
Regulation of entities offering payday loans, title loans, and installment lending
Licensing, disclosure requirements, and consumer protection standards
Mortgage Companies and Professionals (12.01.10)
Licensing requirements for mortgage brokers, lenders, and loan originators
Continuing education, recordkeeping, and advertising restrictions
Securities (12.01.08)
Oversight of investment advisors, broker-dealers, and securities offerings
Registration, anti-fraud provisions, and enforcement authority
Money Transmitters (12.01.07)
Licensing and regulation of businesses involved in money transmission and currency exchange
Financial solvency requirements, audits, and bonding
Collection Agencies (12.01.09)
Rules governing the conduct of licensed collection agencies
Consumer complaint procedures and ethical standards
Purpose:
IDAPA 12 ensures the integrity, transparency, and stability of Idaho’s financial marketplace while protecting consumers from unfair practices and financial exploitation.
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