TITLE 26

BANKS AND BANKING

CHAPTER 37

IDAHO CONTINUING-CARE DISCLOSURE ACT

26-3711.  Injunctions. Whenever it appears to the director that any person has engaged in, or is about to engage in, any act or practice constituting a violation of any provision of this chapter or any rule or order hereunder, the director may:

(1)  Issue an order directed at any such person requiring such person to cease and desist from engaging in such act or practice.

(2)  Bring an action in any court which has appropriate jurisdiction to enjoin the acts or practices and to enforce compliance with this chapter or any rule or order hereunder. Upon a showing that a person has engaged or is about to engage in an act or practice constituting a violation of this chapter or any rule or directive of the director promulgated hereunder, a permanent or temporary injunction, restraining order or writ of mandamus shall be granted and a receiver or conservator may be appointed for the defendant or the defendant’s assets. The director shall not be required to post a bond.

History:

[26-3711, added 2005, ch. 265, sec. 15, p. 823.]