Bill > S1013

This bill amends existing law to revise the regulations and requirements regarding commercial transactions. It makes the following key changes: - Allows the administrator to order a person subject to the Idaho Credit Code to cease and desist from violations, after providing notice as required. - Authorizes the administrator to bring civil actions against persons who have violated the Idaho Credit Code, seeking remedies such as injunctions, civil penalties, cost recovery, and restitution. - Updates the license application and renewal process for regulated lenders and payday lenders, including electronic filing, revised fees, and automatic expiration for non-renewal. - Expands the grounds for revoking or suspending a regulated lender or payday lender license, such as failure to pay required fees or committing fraud/dishonest acts.

Business and Industry, Justice

Commerce and Human Resources Committee (Senate)

https://legislature.idaho.gov/sessioninfo/2021/legislation/S1013/