Idaho § 26-704 DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS

Idaho Statutes

§ 26-704 — DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS

Idaho § 26-704

Title 26BANKS AND BANKING

Ch. 7LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES

This text of Idaho § 26-704 (DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS) 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 § 26-704 (2026).

Text

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.

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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.