Section 26-2925 – CRIMINAL PENALTIES.
26-2925. CRIMINAL PENALTIES. Any person who knowingly and wilfully violates any provision of this chapter is guilty of a felony. History: [26-2925, added 1994, ch. 410, sec. 1, p. 1295.]
Section 26-2926 – PROMULGATION OF RULES.
26-2926. PROMULGATION OF RULES. All rules promulgated by the director pursuant to authority conferred in this chapter will be in accordance with the Idaho administrative procedure act, chapter 52, title 67, Idaho Code. In addition thereto, at the time the director files a notice of proposed adoption, amendment or repeal of a rule for public […]
Section 26-2927 – SEVERABILITY.
26-2927. SEVERABILITY. Should any provision, sentence, clause, section or part of this act for any reason be held unconstitutional, illegal or invalid, such unconstitutionality, illegality, or invalidity shall not affect or impair any of the remaining provisions, sentences, clauses, sections or parts of this act. It is hereby declared to be the intention of this […]
Section 26-2928 – APPOINTMENT OF DIRECTOR AS AGENT FOR SERVICE OF PROCESS.
26-2928. APPOINTMENT OF DIRECTOR AS AGENT FOR SERVICE OF PROCESS. (1) Any licensee, authorized representative or other person who knowingly engages in business activities that are regulated under the provisions of this chapter, with or without filing an application, is deemed to have done both the following: (a) Consented to the jurisdiction of the courts […]
Section 26-2916 – CONFIDENTIALITY OF DATA SUBMITTED TO THE DIRECTOR.
26-2916. CONFIDENTIALITY OF DATA SUBMITTED TO THE DIRECTOR. (1) All information or reports obtained by the director from an applicant, licensee or authorized representative, whether obtained through reports, applications, examinations, audits, investigation, or otherwise including, but not limited to: (a) All information contained in or related to examination, investigation, operating, or condition reports reported by, […]
Section 26-2917 – SUSPENSION OR REVOCATION OF LICENSES.
26-2917. SUSPENSION OR REVOCATION OF LICENSES. After notice and opportunity for hearing, the director may suspend or revoke a licensee’s license if the director finds that: (1) Any fact or condition exists that, if it had existed at the time when the licensee applied for a license, would have been grounds for denying such application; […]
Section 26-2918 – AUTHORIZED REPRESENTATIVE CONTRACTS.
26-2918. AUTHORIZED REPRESENTATIVE CONTRACTS. Licensees desiring to conduct licensed activities through authorized representatives shall authorize such representative to operate pursuant to an express written contract, which shall provide the following: (1) That the licensee appoints the person as its representative with authority to engage in money transmission on behalf of the licensee; (2) That neither […]
Section 26-2919 – AUTHORIZED REPRESENTATIVE CONDUCT.
26-2919. AUTHORIZED REPRESENTATIVE CONDUCT. (1) An authorized representative shall not make any fraudulent or false statement or misrepresentation to a licensee or to the director. (2) All money transmission or sale or issuance of payment instrument activities conducted by authorized representatives shall be strictly in accordance with the licensee’s written procedures provided to the authorized […]
Section 26-2920 – REVOCATION OR SUSPENSION OF AUTHORIZED REPRESENTATIVES.
26-2920. REVOCATION OR SUSPENSION OF AUTHORIZED REPRESENTATIVES. (1) If, after notice and a hearing, the director finds that any authorized representative of a licensee or any director, officer, employee, or controlling person of such authorized representative: (a) Has violated any provision of this chapter, or of any rule or order issued under the provisions of […]
Section 26-2905 – LICENSE QUALIFICATIONS.
26-2905. LICENSE QUALIFICATIONS. (1) Each licensee licensed under the provisions of this chapter shall at all times have a net worth of not less than fifty thousand dollars ($50,000), calculated in accordance with generally accepted accounting principles. Licensees engaging in money transmission at more than one (1) location or through authorized representatives shall have an […]