Idaho Collection Agency Act
Idaho · Banks and Banking · §§ 26-2201 to 26-2252 · 35 sections
Overview
The Collection Agency Act governs the business of collecting debts owed to others, requiring collection agencies to hold a license issued by a state regulatory department and defining which persons and activities are exempt from that requirement. It sets out the department's powers over licensing — original applications, expiration, renewal, restoration, summary suspension, and reinstatement after discipline — along with an administrative process of investigation, notice and hearing before a hearing officer, subpoenas and sworn testimony, findings and recommendations, consent orders, rehearing, and judicial review of the resulting order. The act also bars unlicensed practice and backs that prohibition with cease and desist authority, injunctions, civil penalties, and criminal penalties that increase for repeat offenses, while providing for participation in a multi-state licensing system and addressing particular matters such as the collection of child support debt and fines for returned checks.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Idaho Code § 26-2201— 26-2220. Formation and operation of collection agencies — Disposition of funds — Agent defined — Practice of law prohibited. [Repealed.]
- Idaho Code § 26-2221Short title
- Idaho Code § 26-2222Definitions
- Idaho Code § 26-2223Collection agency, debt counselor, credit counselor, or credit repair organization — License required
- Idaho Code § 26-2223ACollection agency office requirements — Designation of responsible person
- Idaho Code § 26-2224License application
- Idaho Code § 26-2225Approval of license application
- Idaho Code § 26-2226False or fraudulent debt reduction and elimination practices
- Idaho Code § 26-2227Denial, suspension or revocation of license
- Idaho Code § 26-2228Powers of the director
- Idaho Code § 26-2229Contracts
- Idaho Code § 26-2229ARequirement of fair, open and honest dealing — Prohibited practices
- Idaho Code § 26-2230Branch offices
- Idaho Code § 26-2231Renewal of license
- Idaho Code § 26-2232Collection agency surety bonds
- Idaho Code § 26-2232ADebt counselors, credit counselors, credit repair organizations — Bonds
- Idaho Code § 26-2233Licensee accounts required
- Idaho Code § 26-2234Examinations, investigations, records and payment of funds
- Idaho Code § 26-2235Denial, suspension, revocation of permit. [Repealed.]
- Idaho Code § 26-2236Subpoenas
- Idaho Code § 26-2237Fees — Disposition of funds
- Idaho Code § 26-2238Violations — Penalties
- Idaho Code § 26-2239Exemptions
- Idaho Code § 26-2240Agent identification — Quarterly notice — Fee
- Idaho Code § 26-2241, 26-2242. Expenses of examination — Payment — Denial, suspension, revocation of license. [Repealed.]
- Idaho Code § 26-2243Property right in accounts — Practice of law prohibited
- Idaho Code § 26-2244Cease and desist orders, penalty
- Idaho Code § 26-2245Director’s power to enjoin violations
- Idaho Code § 26-2246Closure or discontinuance of operations — Requirements
- Idaho Code § 26-2247Institution of criminal proceedings
- Idaho Code § 26-2248Administration of act
- Idaho Code § 26-2249Judicial review of final orders of director
- Idaho Code § 26-2250Foreign permittees. [Repealed.]
- Idaho Code § 26-2251Severability
- Idaho Code § 26-2252Agents in state. [Repealed.]
Enacted in other states
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