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Can you summarize IDST Title 26, Chapter 11?
BANKS AND BANKING > SUPERVISION BY DEPARTMENT OF FINANCE
Short Summary
This legal document pertains to the supervision of banks, bank holding companies, and trust institutions by the Department of Finance in Idaho. The director of the department has the authority to take legal action against entities or individuals engaged in unsafe or unsound practices or violations of the provisions of this act, rules or orders issued under the act, conditions imposed by the director, or written agreements with the director. The director may seek various remedies, including restraining orders, declaratory judgments, disgorgement and other equitable remedies, appointment of a receiver or conservator, imposition of civil penalties up to $25,000 per violation, and recovery of costs such as investigative expenses and attorney’s fees. There are no specific exemptions mentioned in this document.
Whom does it apply to?
Banks, bank holding companies, trust institutions, executive officers, directors, employees, agents, and other persons participating in the conduct of the affairs of such entities
What does it govern?
Supervision of banks, bank holding companies, and trust institutions by the Department of Finance in Idaho
What are exemptions?
No specific exemptions mentioned in this document
What are the Penalties?
Restraining orders, declaratory judgments, disgorgement and other equitable remedies, appointment of a receiver or conservator, imposition of civil penalties up to $25,000 per violation, and recovery of costs such as investigative expenses and attorney's fees
Jurisdiction
Idaho