Idaho Statutes
§ 41-1325 — BORROWING MONEY FROM CLIENTS
(1)An insurance producer who borrows money, securities or anything of value from a client or customer, unless the client or customer is a person engaged in the business of loaning funds or is an immediate family member of the insurance producer, shall complete a written loan agreement that sets forth the parties to the loan, the purpose of the loan, the amount of the loan and the terms of the loan. All parties to the loan must sign the loan agreement acknowledging the transaction and must receive a copy of the loan agreement. The insurance producer shall keep a record of the loan transaction until the loan is paid back in full. Any release of the debt shall be in writing and signed by all parties to the release.
(2)As used in this section, the term "immediate family member" means a paren
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Related
State v. Payne
199 P.3d 123 (Idaho Supreme Court, 2008)
State v. Azad Haji Abdullah
348 P.3d 1 (Idaho Supreme Court, 2015)
State v. MacK
974 P.2d 1109 (Idaho Court of Appeals, 1999)
State v. Russell
835 P.2d 1299 (Idaho Supreme Court, 1992)
Berglund v. Potlatch Corp.
932 P.2d 875 (Idaho Supreme Court, 1996)
State v. Lloyd Hardin McNeil
346 P.3d 297 (Idaho Court of Appeals, 2014)
State v. Stansbury
701 P.2d 272 (Idaho Court of Appeals, 1985)
State v. Morris
773 P.2d 284 (Idaho Court of Appeals, 1989)
State v. Jussaume
730 P.2d 1028 (Idaho Court of Appeals, 1986)
State of Idaho v. Darrell Edward Payne
(Idaho Supreme Court, 2008)
State v. Benzo
(Idaho Court of Appeals, 2024)
State v. Maynard
73 P.3d 731 (Idaho Court of Appeals, 2003)
Legislative History
[41-1325, added 2005, ch. 73, sec. 1, p. 250.]
Nearby Sections
15
§ 41-1001
PURPOSE AND SCOPE§ 41-1002
TERMS CONSTRUED§ 41-1003
DEFINITIONS§ 41-1004
LICENSE REQUIRED§ 41-1005
EXCEPTIONS TO LICENSING§ 41-1006
APPLICATION FOR EXAMINATION§ 41-1007
APPLICATION FOR PRODUCER LICENSE§ 41-1008
PRODUCER LICENSE§ 41-1009
NONRESIDENT PRODUCER LICENSE§ 41-101
SHORT TITLE§ 41-1011
ISSUANCE — REFUSAL OF LICENSE§ 41-1012
EXEMPTION FROM EXAMINATION§ 41-1014
ASSUMED NAMES