Section 67-2750 – SHORT TITLE.
67-2750. SHORT TITLE. This act shall be known and may be cited as the "Idaho Financial Fraud Prevention Act." History: [67-2750, added 2005, ch. 265, sec. 2, p. 810.]
Section 67-2751 – DEFINITIONS.
67-2751. DEFINITIONS. As used in sections 67-2750 through 67-2762, Idaho Code: (1) "Act" or "Idaho Financial Fraud Prevention Act" means sections 67-2750 through 67-2762, Idaho Code. (2) "Department" means the Idaho department of finance. (3) "Director" means the director of the Idaho department of finance or his designee. (4) "Financial institution" means any state or […]
Section 67-2752 – FINANCIAL FRAUD ILLEGAL.
67-2752. FINANCIAL FRAUD ILLEGAL. It is unlawful for any person, directly or indirectly: (1) To employ any device, scheme or artifice to defraud a financial institution; (2) To obtain or attempt to obtain money, funds, credits, assets, securities, or other property owned by, or under the custody or control of a financial institution by means […]
Section 67-2753 – EMPLOYMENT OR AFFILIATION OF CERTAIN PERSONS.
67-2753. EMPLOYMENT OR AFFILIATION OF CERTAIN PERSONS. Except with the prior written consent of the director, no person who has been convicted of, or who has pled nolo contendre [contendere] to, any criminal offense involving dishonesty, breach of trust or fiduciary duty, or money laundering, or who has been granted a withheld judgment based on […]
Section 67-2754 – POWERS OF DIRECTOR.
67-2754. POWERS OF DIRECTOR. The director shall have the following powers and authority under this act: (1) Investigations. The director may make such public or private investigations within or without this state as he deems necessary to determine whether any person has violated this act or is attempting or conspiring to violate this act. The […]
Section 67-2741 – EXCESS DEPOSITS.
67-2741. EXCESS DEPOSITS. Where the amount to be deposited exceeds the amount which all state depositories in the state are willing to accept on the terms specified in this chapter, the state treasurer may, with the consent of the investment board, deposit the excess in any one (1) or more banks or trust companies in […]
Section 67-2755 – INJUNCTIONS — OTHER REMEDIES.
67-2755. INJUNCTIONS — OTHER REMEDIES. Whenever it appears to the director that any person has engaged or is about to engage in any act or practice constituting a violation of any provision of this act or any rule or order hereunder, he may in his discretion: (1) Order the person to cease and desist from […]
Section 67-2742 – WITHDRAWAL OF MONEYS FROM DEPOSITORIES — TIME DEPOSITS.
67-2742. WITHDRAWAL OF MONEYS FROM DEPOSITORIES — TIME DEPOSITS. All deposits in state depositories shall be demand deposits or deposits in accounts upon which negotiable orders of withdrawal may be written, or in similar transaction deposit accounts except time deposits of idle moneys, as defined in section 67-1210, Idaho Code, which the treasurer is hereby […]
Section 67-2756 – PRIVATE REMEDIES.
67-2756. PRIVATE REMEDIES. (1) In the event a financial institution indemnifies its customer for damages caused by a violation of this act, or assumes the loss caused its customer by a violation of this act, the financial institution shall be entitled to sue the violator, at law or in equity, to recover any actual damages […]
Section 67-2743 – INTEREST ON TIME DEPOSITS.
67-2743. INTEREST ON TIME DEPOSITS. Every state depository shall pay interest upon time deposits made by the state treasurer at rates not less than those paid to investors for a deposit of the same amount and under like circumstances and conditions; provided, however, that such time deposits shall bear interest at a rate not in […]