TITLE 26

BANKS AND BANKING

CHAPTER 30

UNIVERSITY DEBIT CARD ACT

26-3004.  Exemption from bank act and prohibitions. A college or university offering a debit card program under the provisions of this chapter shall not be considered to be a bank or to be doing banking business as those terms are defined in section 26-106, Idaho Code. Provided however, that a college or university located in this state is prohibited from operating a debit card program which would allow a student or a member of its faculty or staff either to receive cash through a debit card transaction or to receive cash through a customer bank communication terminal or other automated banking facility.

History:

[26-3004, added 1995, ch. 133, sec. 1, p. 580.]