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Can you summarize IDST Title 26, Chapter 30?
BANKS AND BANKING > UNIVERSITY DEBIT CARD ACT
Short Summary
The University Debit Card Act, as defined in the Idaho Statutes, governs the use of debit cards issued by colleges or universities located in Idaho. It applies to registered students, as well as members of the faculty or staff. The act establishes the concept of a ‘University debit card’ which allows individuals to draw funds from their credit balance maintained by the college or university business office for the purchase of goods or services. The act also defines a ‘University debit card program’ as a financial arrangement that enables registered students or faculty/staff members to deposit funds with the college or university business office and use them through debit card transactions. The act was added to the Idaho Statutes in 1995.
Whom does it apply to?
The act applies to colleges and universities located in Idaho, their student bodies, faculty, and staff.
What does it govern?
The University Debit Card Act governs the use of debit cards issued by colleges or universities located in Idaho.
What are exemptions?
A college or university located in Idaho is prohibited from operating a debit card program that allows students or faculty/staff members to receive cash through a debit card transaction or through a customer bank communication terminal or other automated banking facility.
What are the Penalties?
No specific penalties are mentioned in the provided legal document content.
Jurisdiction
Idaho