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Idaho Statutes
Idaho Statutes are updated to the website July 1 following the legislative session.
BANKS AND BANKING
CHAPTER 22
COLLECTION AGENCIES
26-2224. License application. (1) Every applicant for a license under this chapter shall file an application through an electronic system of licensing prescribed by the director that shall include:
(a) The name of the applicant; if the applicant is a corporation, a list of its officers and directors and their addresses; if the applicant is a partnership, a list of the partners and their addresses; or if the applicant is a limited liability company, a list of its members or managers and their addresses.
(b) The street address of the applicant’s principal location.
(c) All names by which the applicant engages in collection activities.
(d) The names of all persons and organizations with which the applicant is affiliated and the location of the principal office or place of business of each such affiliate.
(e) A complete description of the business to be conducted, or plan of operation contemplated, by the applicant in this state.
(f) Copies of all contracts, forms, form letters, and advertisements or solicitations to be used by the applicant in its business activities under this chapter, which must accompany the application and be identified as exhibits by number.
(g) If the applicant is a corporation, a limited liability company, partnership, or limited liability partnership, a copy of its articles of incorporation, articles of organization, partnership agreement, or operating agreement, duly authenticated.
(h) A list of the names, business addresses, and telephone numbers of all agents who will contact persons or solicit business for the applicant in this state.
(i) The name and business address of the applicant’s agent for service of process located in this state.
(j) A nonrefundable application fee of one hundred fifty dollars ($150).
(k) An agreement of consent authorizing the director to examine any and all of the applicant’s financial accounts used for business activities under this chapter.
(l) Such other information concerning the applicant as the director may reasonably require. Such application shall be executed and verified on oath by the applicant. Information required at the time of application, except for advertisements and solicitations, shall be updated and filed with the director as necessary to keep the information current.
(2) A license application shall be deemed withdrawn and void if an applicant submits an incomplete license application and, after receipt of a written notice of the application deficiency, fails to provide the director with information necessary to complete the application within sixty (60) days of receipt of the deficiency notice. A written deficiency notice shall be deemed received by a license applicant when:
(a) Placed in regular United States mail by the director or his agent using an address provided by the applicant on the license application;
(b) Emailed to the applicant using an email address provided by the applicant on the license application; or
(c) Posted by the director or his agent on the electronic system of licensing as prescribed by the director.
History: