Idaho § 26-3004 EXEMPTION FROM BANK ACT AND PROHIBITIONS

Idaho Statutes

§ 26-3004 — EXEMPTION FROM BANK ACT AND PROHIBITIONS

Idaho § 26-3004

Title 26BANKS AND BANKING

Ch. 30UNIVERSITY DEBIT CARD ACT

This text of Idaho § 26-3004 (EXEMPTION FROM BANK ACT AND PROHIBITIONS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 26-3004 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.