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2019 Idaho Code
Title 26 - BANKS AND BANKING
Chapter 30 - UNIVERSITY DEBIT CARD ACT
Section 26-3004 - EXEMPTION FROM BANK ACT AND PROHIBITIONS.
Universal Citation: ID Code § 26-3004 (2019)
26-3004. EXEMPTION FROM BANK ACT AND PROHIBITIONS. A college or university offering a debit card program under the provisions of this chapter shall not be considered to be a bank or to be doing banking business as those terms are defined in section 26-106, Idaho Code. Provided however, that a college or university located in this state is prohibited from operating a debit card program which would allow a student or a member of its faculty or staff either to receive cash through a debit card transaction or to receive cash through a customer bank communication terminal or other automated banking facility.
History:
[26-3004, added 1995, ch. 133, sec. 1, p. 580.]
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