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Can you summarize IDST Title 26, Chapter 3?
BANKS AND BANKING > BANK BRANCHES
Short Summary
The first legal document governs the establishment and operation of loan production offices by banks in the state of Idaho. Banks are authorized to establish and maintain loan production offices within the state, subject to certain limitations. These offices are allowed to engage in various loan-related activities but are not permitted to accept deposits or disburse loan funds. The document outlines the requirements for establishing a loan production office, including providing written notice to the director and complying with examination and supervision. It also allows state banks to establish loan production offices in states other than Idaho, with compliance to applicable laws. The second legal document governs the establishment and use of customer-bank communication terminals (CBCTs) by banks and other financial institutions. CBCTs are electronic devices that allow customers to communicate with the bank for various transactions. The document specifies the functions and limitations of CBCTs, the requirement for written notice to the director before operation, and the possibility of sharing CBCTs with other financial institutions. It also addresses the right of banks to charge fees for CBCT usage and the consequences of non-compliance. The third legal document governs the establishment and operation of branches by banks. It allows banks organized and chartered under the laws of Idaho to establish and operate branches within the state, subject to approval from the director. It also permits Idaho banks to establish branches in other states, with compliance to applicable laws. Banks organized and chartered under the laws of another state or federal law can also establish branches in Idaho, following the provisions of chapter 16, title 26, Idaho Code, and federal law. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Banks, financial institutions, directors, state banks, national banks, state or federally chartered commercial banks, savings and loan associations, credit unions
What does it govern?
Establishment and operation of loan production offices by banks in the state of Idaho, establishment and use of customer-bank communication terminals (CBCTs) by banks and other financial institutions, establishment and operation of branches by banks
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Idaho