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.

 

LEAVE A COMMENT

0 comments