2005 Idaho Code - 26-2246 — DISCONTINUANCE OF OPERATIONS -- REQUIREMENTS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 22
                             COLLECTION AGENCIES
    26-2246.  DISCONTINUANCE OF OPERATIONS -- REQUIREMENTS. (1) Before
discontinuance of operations as a collection agency under the terms of this
act, every permittee shall furnish the director with proof in a form to be
determined by the director that:
    (a)  Proper remittance has been made to all creditors or claimants of
    money collected.
    (b)  All accounts have been returned to the creditors and certification to
    that effect has been provided to the director.
    (c)  All valuable papers and assignments of judgment given to the
    permittee by the creditor [creditors] in connection with claims have been
    returned to the creditor [creditors].
    (d)  All judgments obtained by the collection agency against debtors, in
    the agency's name, have been returned and assigned to the creditors.
    (2)  Any permittee discontinuing doing business as a collection agency
shall maintain the bonds required of such permittee to conduct a collection
agency business until a final accounting has been made to the director and
approved by him.