2005 Idaho Code - 26-2610 — COOPERATIVE AGREEMENTS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 26
                         IDAHO INTERSTATE BANKING ACT
    26-2610.  COOPERATIVE AGREEMENTS. (1) The director is authorized to enter
into cooperative and reciprocal agreements with other financial institution
regulatory agencies, both federal and state, and from bank supervisory
authorities from foreign countries, to facilitate the regulation of financial
institutions and financial institution holding companies doing business in
this state.  The director may accept reports of examinations and other records
from such other agencies in lieu of conducting his own examinations of
financial institutions controlled  by financial institution holding companies
located in other states. The director may share examination reports with such
other agencies. The director may examine such institutions in Idaho, in the
financial institution's home state or such other location as may be necessary.
The director may take any action jointly with other regulatory agencies having
concurrent jurisdiction  over financial institutions and financial institution
holding companies doing business in this state or may take such actions
independently in order to carry out his responsibilities.
    (2)  The director may, in his discretion, enter into agreements with a
professional association of which the department is a member.  The purposes of
such agreements may include the facilitation of examination of banks or bank
holding companies operating in other states in addition to Idaho.
Notwithstanding any other provision of law, such examination agreements may
provide for the exchange of bank information, including examination reports,
with such a professional association; provided however, that such
communication shall not constitute a public disclosure of such records under
chapter 3, title 9, Idaho Code, nor a waiver of the statutory privilege in
section 26-1111, Idaho Code.