Idaho Statutes
pecnv.out

TITLE 26
BANKS AND BANKING
CHAPTER 7
LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
26-704.  Determination of limits of loans and investments of banks. For the purpose of determining limitations on loans and investments the following items are to be disregarded:
(1)  The sale of excess reserve funds by one (1) bank to another bank;
(2)  The purchase of securities by a bank, under an agreement to resell at the end of a stated period; and
(3)  The purchase of mortgage loans by a bank, under agreement to resell at the end of a stated period.
The director may, upon application by a bank, approve loans and investments in excess of the limitations provided in this chapter.

History:
[(26-704) 26-708, added 1979, ch. 41, sec. 2, p. 90; am. and redesig. 2004, ch. 159, sec. 4, p. 515.]


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