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2019 Idaho Code
Title 26 - BANKS AND BANKING
Chapter 7 - LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
Section 26-704 - DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS.
Universal Citation: ID Code § 26-704 (2019)
26-704. DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS. For the purpose of determining limitations on loans and investments the following items are to be disregarded:
(1) The sale of excess reserve funds by one (1) bank to another bank;
(2) The purchase of securities by a bank, under an agreement to resell at the end of a stated period; and
(3) The purchase of mortgage loans by a bank, under agreement to resell at the end of a stated period.
The director may, upon application by a bank, approve loans and investments in excess of the limitations provided in this chapter.
History:
[(26-704) 26-708, added 1979, ch. 41, sec. 2, p. 90; am. and redesig. 2004, ch. 159, sec. 4, p. 515.]
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