reglab/housing_qa huggingface dataset:
ID Code § 26-215 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 2 - ORGANIZATION AND CORPORATION POWERS OF BANKS|Section 26-215 - FEDERAL RESERVE — MEMBERSHIP.

26-215. FEDERAL RESERVE — MEMBERSHIP. Any bank shall have the power to subscribe to the capital stock and become a member of a federal reserve bank. Any bank incorporated under the laws of this state which is or which becomes a member of a federal reserve bank is, by the bank act, vested with all powers conferred upon member banks of the federal reserve banks by the terms of the Federal Reserve Act as fully and completely as if such powers were specifically enumerated and described herein. All such powers shall be exercised subject to all restrictions and limitations imposed by the Federal Reserve Act, or by regulations of the Federal Reserve Board, made pursuant thereto. The right of the legislature to revoke or to amend the powers herein converted is, however, expressly reserved. Compliance on the part of any such bank with the reserve requirements of the Federal Reserve Act shall be held to be in full compliance with those provisions of the laws of this state which require banks to maintain cash balances in their vaults or with other banks, and no such bank shall be required to carry or maintain reserve other than such as is required under the terms of the Federal Reserve Act. Any such bank shall continue to be subject to the supervision and examinations required by the laws of this state, except that the Federal Reserve Board shall have the right, if it deems necessary, to make examinations; and the authorities of this state having supervision over such bank may disclose to the Federal Reserve Board or to examiners duly appointed by it, all information in reference to the affairs of any bank which has become or desires to become a member of a federal reserve bank.  History: [26-215, added 1979, ch. 41, sec. 2, p. 75.]
ID Code § 26-216 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 2 - ORGANIZATION AND CORPORATION POWERS OF BANKS|Section 26-216 - CUSTODIAL ACCOUNTS.

26-216. CUSTODIAL ACCOUNTS. A bank is authorized to act as custodian or fiduciary, and may receive reasonable compensation for so acting, under any written trust instrument or custodial agreement in connection with a tax-advantaged savings plan authorized under the Internal Revenue Code or chapter 30, title 63, Idaho Code, if the funds of such trust or funds subject to the custodial agreement are invested only in savings accounts or deposits in such bank or in obligations or securities issued by such bank. All funds held in such custodial or fiduciary capacity by any such bank may be commingled for appropriate purposes of investment, but individual records shall be kept by the custodian for each participant and shall show in proper detail all transactions engaged in under the authority of this section.  History: [26-216, added 1979, ch. 41, sec. 2, p. 76; am. 2020, ch. 181, sec. 1, p. 557.]
ID Code § 26-217 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 2 - ORGANIZATION AND CORPORATION POWERS OF BANKS|Section 26-217 - BANKS EMPOWERED TO COMPLY WITH REQUIREMENTS FOR FEDERAL DEPOSIT INSURANCE.

26-217. BANKS EMPOWERED TO COMPLY WITH REQUIREMENTS FOR FEDERAL DEPOSIT INSURANCE. Any banking institution now or hereafter organized under the laws of this state is hereby empowered, on the authority of its board of directors, or a majority thereof, to enter into such contracts, incur such obligations and generally to do and perform any and all such acts and things whatsoever as may be necessary or appropriate in order to take advantage of any and all memberships, loans, subscriptions, contracts, grants, rights, or privileges, which may at any time be available or enure to banking institutions or to their depositors, creditors, stockholders, conservators, receivers or liquidators, by virtue of those provisions of section 8 of the federal "Banking Act of 1933" (sec. 12B of the Federal Reserve Act, as amended), which establish the Federal Deposit Insurance Corporation and provide for the insurance of deposits, or of any other provisions of that or of any other act or resolution of congress to aid, regulate or safeguard banking institutions and their depositors, including any amendments of the same or any substitutions therefor; also, to subscribe for and acquire any stock, debentures, bonds or other types of securities of the Federal Deposit Insurance Corporation and to comply with the lawful regulations and requirements from time to time issued or made by such corporation.  History: [26-217, added 1979, ch. 41, sec. 2, p. 76.]
ID Code § 26-301 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 3 - BANK BRANCHES|Section 26-301 - BRANCH — REQUIREMENTS.

26-301. BRANCH — REQUIREMENTS. No bank shall maintain any branch except as provided for in this act. Any bank organized and chartered under the laws of Idaho may, upon written application to and with the approval of the director, establish and operate one (1) or more branches for the transaction of its business at any location. Any such bank may establish and operate a branch in a state other than Idaho, provided that the bank shall comply with all applicable provisions of Idaho law, the law of the other state and federal law. Any bank organized and chartered under the laws of another state or under federal law may establish and operate one (1) or more branches in Idaho as permitted by chapter 16, title 26, Idaho Code, and federal law.  History: [26-301, added 1979, ch. 41, sec. 2, p. 76; am. 1995, ch. 99, sec. 3, p. 301; am. 2015, ch. 204, sec. 6, p. 623.]
ID Code § 26-302 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 3 - BANK BRANCHES|Section 26-302 - ESTABLISHMENT OF LOAN PRODUCTION OFFICES AUTHORIZED.

26-302. ESTABLISHMENT OF LOAN PRODUCTION OFFICES AUTHORIZED. A bank may, after providing notice to the director, establish and maintain one (1) or more loan production offices at any location in the state of Idaho. (1) A loan production office when so established may conduct any of the following activities: (a) Solicit loans on behalf of the bank; (b) Provide information on loans, rates and terms; (c) Accept loan applications and supporting documents; (d) Review and process loan applications for compliance with underwriting standards and completeness of documents; (e) Approve loan applications; (f) Conduct loan closing activities, such as the execution of promissory notes and deeds of trust; and (g) Engage in other loan production office activities that the bank’s primary state or federal regulator has approved for banks subject to its supervision. (2) A loan production office shall not have the power to solicit, receive or accept money or its equivalent on deposit, or disburse loan funds to customers. (3) A bank that desires to establish a loan production office in this state shall provide written notice to the director of its intent to do so no later than thirty (30) days prior to opening the loan production office. The notice to the director shall provide the following information: (a) The name of the bank and address of the main office; (b) The city and street address of the loan production office; (c) The activities proposed to be conducted at the loan production office, including the types of loans to be solicited and originated at the office; and (d) Any additional relevant information required by the director. (4) Following a bank’s establishment of a loan production office in this state, a bank shall give notice to the director of any relocation or closure of the office, the date of the relocation or closure and the disposition of any records previously maintained at the loan production office. (5) Each loan production office shall be subject to examination and supervision by the director in the same manner and to the same extent as the bank. (6) A state bank may establish and operate a loan production office in a state other than Idaho, provided that the bank shall comply with all applicable provisions of Idaho law, the law of the other state where the loan production office will be located and federal law. (7) Each loan production office operating in Idaho on July 1, 2015, shall provide written notice to the director containing the information required in subsection (3) of this section on or before August 1, 2015.  History: [26-302, added 2015, ch. 204, sec. 8, p. 624.]
ID Code § 26-303 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 3 - BANK BRANCHES|Section 26-303 - SECTION CONCERNING BRANCH BANKS UNAFFECTED.

26-303. SECTION CONCERNING BRANCH BANKS UNAFFECTED. The sections of this chapter relating to loan production offices and mobile or temporary facilities shall not be construed to modify or repeal section 26-301, Idaho Code, and the terms "loan production office," "mobile facility" and "temporary facility" as used in the bank act shall not be construed to mean branch bank.  History: [26-303, added 1979, ch. 41, sec. 2, p. 77; am. 2015, ch. 204, sec. 9, p. 624.]
ID Code § 26-305 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 3 - BANK BRANCHES|Section 26-305 - RESPONSIBILITIES OF BANK.

26-305. RESPONSIBILITIES OF BANK. Any bank establishing a loan production office or mobile or temporary facility shall be responsible for all transactions of the loan production office or mobile or temporary facility, and for keeping accounts and books covering all business transactions of the loan production office or mobile or temporary facility.  History: [26-305, added 1979, ch. 41, sec. 2, p. 77; am. 2015, ch. 204, sec. 10, p. 624.]
ID Code § 26-306 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 3 - BANK BRANCHES|Section 26-306 - MOBILE OR TEMPORARY FACILITY.

26-306. MOBILE OR TEMPORARY FACILITY. Mobile facilities or temporary facilities may be established with the approval of the director and under such conditions as the director may establish.  History: [26-306, added 1979, ch. 41, sec. 2, p. 77; am. 2015, ch. 204, sec. 11, p. 625.]
ID Code § 26-311 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 3 - BANK BRANCHES|Section 26-311 - BRANCHES FOLLOWING RELOCATION.

26-311. BRANCHES FOLLOWING RELOCATION. Notwithstanding any other provision of law, a bank that relocates its main office from another state into Idaho pursuant to 12 U.S.C. 30, 12 U.S.C. 36, and section 26-1101, Idaho Code, shall continue to be authorized to establish and operate branches within this state as provided in section 26-301, Idaho Code, even if, after its relocation into Idaho, its home state as defined by section 26-1603, Idaho Code, becomes a state other than Idaho.  History: [26-311, added 1997, ch. 225, sec. 2, p. 662.]
ID Code § 26-401 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 4 - BANK SERVICE CORPORATIONS|Section 26-401 - DEFINITIONS.

26-401. DEFINITIONS. As used in this section: "Invest" includes any advance of funds to a bank service corporation, whether by the purchase of stock, the making of a loan, or otherwise, except a payment for rent earned, goods sold and delivered, or services rendered prior to the making of such payment; "Applying bank" means a bank applying to a bank service corporation for bank services; and "Stockholding bank" means a bank which owns stock of a bank service corporation.  History: [26-401, added 1979, ch. 41, sec. 2, p. 80.]
ID Code § 26-402 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 4 - BANK SERVICE CORPORATIONS|Section 26-402 - INVESTMENT IN SERVICE CORPORATION.

26-402. INVESTMENT IN SERVICE CORPORATION. No limitation or prohibition otherwise imposed by any provision of the laws of the state of Idaho exclusively relating to banks shall prevent or prohibit any two (2) or more banks from investing not more than ten percent (10%) of the paid-in and unimpaired capital and unimpaired surplus of each of them in a bank service corporation.  History: [26-402, added 1979, ch. 41, sec. 2, p. 80.]
ID Code § 26-403 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 4 - BANK SERVICE CORPORATIONS|Section 26-403 - BANKS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE BANK.

26-403. BANKS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE BANK. If stock in a bank service corporation has been held by two (2) banks, and one (1) of such banks ceases to utilize the services of the corporation and ceases to hold stock in it, and leaves the other as the sole stockholding bank, the corporation may nevertheless continue to function as such and the other bank may continue to hold stock in it.  History: [26-403, added 1979, ch. 41, sec. 2, p. 80.]
ID Code § 26-404 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 4 - BANK SERVICE CORPORATIONS|Section 26-404 - DUTY OF BANK SERVICE CORPORATION NOT TO DISCRIMINATE — BURDEN OF PROOF.

26-404. DUTY OF BANK SERVICE CORPORATION NOT TO DISCRIMINATE — BURDEN OF PROOF. Whenever a bank, referred to in this section as an "applying bank," subject to examination by either the department of finance of the state of Idaho, or a federal bank supervisory agency, applies for a type of bank service for itself from a bank service corporation which supplies the same type of bank services to another bank, and the applying bank is competitive with any bank, referred to in this section as a "stockholding bank," which holds stock in such corporation, the corporation must offer to supply such services by either: (a) issuing stock to the applying bank and furnishing bank services to it on the same basis as to the other banks holding stock in the corporation, or (b) furnishing bank services to the applying bank at rates no higher than necessary to fairly reflect the cost of such services, including the reasonable cost of the capital provided to the corporation by its stockholders, at the corporation’s option, unless comparable services at competitive overall cost are available to the applying bank from another source, or unless the furnishing of the services sought by the applying bank would be beyond the practical capacity of the corporation. In any action or proceeding to enforce the duty imposed by this section, or for damages for the breach thereof, the burden shall be upon the bank service corporation to show such availability.  History: [26-404, added 1979, ch. 41, sec. 2, p. 80.]
ID Code § 26-405 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 4 - BANK SERVICE CORPORATIONS|Section 26-405 - PROHIBITED ACTIVITIES.

26-405. PROHIBITED ACTIVITIES. No bank service corporation may engage in any revenue producing activity other than the performance of bank services for banks and, to an extent not exceeding one-half (1/2) of its total activity, the performance of similar services for persons or organizations other than banks.  History: [26-405, added 1979, ch. 41, sec. 2, p. 81.]
ID Code § 26-501 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 5 - BANK HOLDING COMPANIES|Section 26-501 - DEFINITIONS.

26-501. DEFINITIONS. As used in this chapter, unless the context otherwise requires: (1) "Bank" shall mean any bank chartered under this act. (2) "Company" shall mean any corporation, business trust, association, or similar organization but shall not include: (a) An individual; or (b) Any corporation the majority of shares of which are owned by the United States or any state. (3) "Business trust" shall mean a business organization wherein a business or other property is conveyed to trustees who manage the business or other property for the benefit of the certificate or shareholders of the trust. Business trust shall not include a voting trust. (4) "Bank holding company" shall mean any company: (a) Which directly or indirectly owns or controls twenty-four percent (24%) or more of the voting shares of a bank; (b) Which controls in any manner the election of the majority of the directors of a bank; or (c) For the benefit of whose shareholders or members twenty-four percent (24%) or more of the voting shares of a bank is held by trustees; For the purposes of any proceeding under subsection (4)(b) of this section, there is a presumption that any company which directly or indirectly owns, controls or has power to vote less than five percent (5%) of the voting shares of a bank does not have control over that bank; and (5) Notwithstanding the foregoing: (a) No estate, trust, guardianship, or conservatorship or fiduciary thereof shall be a bank holding company by virtue of its ownership or control of shares of stock of a bank unless such trust is a business trust or a voting trust which by its terms or by law does not expire within ten (10) years from the effective date of the voting trust; (b) No company shall be a bank holding company by virtue of its ownership or control of shares acquired by it in connection with its underwriting of bank shares and which are held only for such period of time as will permit the sale thereof on a reasonable basis; and (c) No company shall be a bank holding company by virtue of its ownership or control of shares acquired and held in the ordinary course of securing or collecting a debt previously contracted in good faith and which are held only for such period of time as will permit the sale thereof on a reasonable basis. (6) "Financial holding company" shall mean a bank holding company that, notwithstanding subsection (4) of this section, may engage in any activity, and may acquire and retain the shares of any company engaged in any activity, that the director determines, by rule or order: (a) To be financial in nature or incidental to such financial activity; or (b) Is complementary to a financial activity and does not pose a substantial risk to the safety or soundness of depository institutions or the financial system in general.  History: [26-501, added 1979, ch. 41, sec. 2, p. 81; am. 2001, ch. 137, sec. 1, p. 496.]
ID Code § 26-502 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 5 - BANK HOLDING COMPANIES|Section 26-502 - APPROVAL OF BANK HOLDING COMPANY.

26-502. APPROVAL OF BANK HOLDING COMPANY. Every bank holding company hereafter formed shall register with the department of finance and receive the approval of the director to become a bank holding company. The director shall approve an application to form a bank holding company if he finds that the persons who are officers, directors or stockholders are of such character and fitness that a bank or banks acquired by the bank holding company will be operated in a safe, prudent and profitable manner. The application shall include such information with respect to the financial condition and operations, management, and intercompany relationships of the bank holding company and its subsidiaries and related matters, as the director may deem necessary or appropriate. The director may, in his discretion, accept copies of federal registration in lieu of state requirements.  History: [26-502, added 1979, ch. 41, sec. 2, p. 82.]
ID Code § 26-503 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 5 - BANK HOLDING COMPANIES|Section 26-503 - APPROVAL TO ACQUIRE A BANK — REQUIREMENTS — APPROVAL TO COMMENCE ACTION OR ACQUIRE A COMPANY.

26-503. APPROVAL TO ACQUIRE A BANK — REQUIREMENTS — APPROVAL TO COMMENCE ACTION OR ACQUIRE A COMPANY. (1) A bank holding company shall apply to the department of finance and receive the approval of the department of finance prior to acquiring a bank. The application shall include such information with respect to the financial condition and operations, management and intercompany relationships of the bank to be acquired and the holding company as the director may deem necessary or appropriate. In considering an application to acquire a bank, the director shall consider at least: (a) The financial condition of the bank holding company and any banks already owned by the holding company; (b) The probable effect of the acquisition on the holding company, any banks already owned by the holding company and the bank which is to be acquired; and (c) The effect of the acquisition on competition in the providing of banking services. (2) A financial holding company shall apply to the department of finance and receive the approval of the department of finance prior to commencing any activity or acquiring any company as described in section 26-501(6), Idaho Code.  History: [26-503, added 1979, ch. 41, sec. 2, p. 82; am. 2001, ch. 137, sec. 2, p. 497.]
ID Code § 26-505 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 5 - BANK HOLDING COMPANIES|Section 26-505 - DIRECTOR OF FINANCE — REPORTS — REQUIREMENTS.

26-505. DIRECTOR OF FINANCE — REPORTS — REQUIREMENTS. The director may require reports made under oath to be filed in the department of finance to keep it informed as to the operation of any bank holding company. The director may make examinations of each bank holding company and each subsidiary thereof under the provisions of section 26-1102, Idaho Code, the actual cost of which may be assessed against and paid by such holding company. The director may accept reports of examinations made by the federal reserve board, the comptroller of the currency, or the federal deposit insurance corporation in lieu of making an examination by the department.  History: [26-505, added 1979, ch. 41, sec. 2, p. 83; am. 2001, ch. 137, sec. 3, p. 498.]
ID Code § 26-506 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 5 - BANK HOLDING COMPANIES|Section 26-506 - CHANGE IN CONTROL.

26-506. CHANGE IN CONTROL. All transfers of a major portion of the outstanding stock or trust certificates of a bank holding company by sale, gift, or otherwise shall be approved by the director prior to such transfer. For the purposes of this section, a major portion of the outstanding stock or trust certificates of a bank holding company is any number of any class of shares of a bank holding company the acquisition of which will result in a person acquiring the shares having voting control of the bank holding company. The director shall not approve a transfer of stock if he finds that the transferee has been removed from a position as a director, officer or employee of a bank holding company, a bank or other financial institution pursuant to an order of a state or federal agency. The director may disapprove a transfer of stock if in his opinion the transferee does not meet the requirements of a stockholder, director, or officer as set out in section 26-502, Idaho Code.  History: [26-506, added 1979, ch. 41, sec. 2, p. 83.]
ID Code § 26-507 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 5 - BANK HOLDING COMPANIES|Section 26-507 - VIOLATION — PENALTY.

26-507. VIOLATION — PENALTY. Any person who willfully violates any provision of this chapter shall be guilty of a felony.  History: [26-507, added 1979, ch. 41, sec. 2, p. 83.]
ID Code § 26-601 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 6 - RESERVES, SURPLUS AND DIVIDENDS|Section 26-601 - RESERVE.

26-601. RESERVE. Every bank organized under the laws of this state and authorized to receive deposits shall comply with the reserve requirements of the Federal Reserve act.  History: [26-601, added 1979, ch. 41, sec. 2, p. 86; am. 1981, ch. 8, sec. 1, p. 15; am. 2008, ch. 140, sec. 5, p. 404.]