26-2505 — ADMINISTRATION -- ENFORCEMENT -- ACTIONS FOR MONETARY RELIEF
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TITLE 26
BANKS AND BANKING
CHAPTER 25
LOAN BROKERS
26-2505. ADMINISTRATION -- ENFORCEMENT -- ACTIONS FOR MONETARY RELIEF.
(1) The director of the Idaho department of finance shall have the power to
administer and enforce the provisions of this chapter. Whenever it appears to
the director that a loan broker has violated section 26-2503, Idaho Code, the
director shall have the powers and remedies set forth in sections 67-2754,
67-2755, 67-2757, 67-2758 and 67-2759, Idaho Code.
(2) The receiving of any fee, interest or other charge in violation of
this chapter shall also be deemed an unfair and deceptive practice in
violation of the Idaho consumer protection act; provided however, no person
aggrieved by a violation of this chapter can recover or attempt to recover
monetary relief under both this chapter and the Idaho consumer protection act,
but rather such person must elect whether to file an action pursuant to this
chapter or the Idaho consumer protection act.