16
Feb

Payday Loan Law and Legislation Idaho

Idaho Payday loan law Senate Bill 1093

PAY DAY LOANS – Amends existing law to provide that a lender which is not a supervised financial organization may not deposit a consumer’s check, withdraw funds electronically from a consumer’s account or otherwise collect the principal of, interest on or any fees or charges for a loan subject to this part if at the time the lender makes the loan, the lender does not have a current and valid license to make loans in this state.

Idaho bill text:

Idaho statement of purpose:

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