reglab/housing_qa huggingface dataset:
ID Code § 26-2140B (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2140B - SUSPENSION OR REMOVAL OF DIRECTORS, SUPERVISORY COMMITTEE MEMBERS, OFFICERS, OR EMPLOYEES — PROHIBITION OF FUTURE EMPLOYMENT.

26-2140B. SUSPENSION OR REMOVAL OF DIRECTORS, SUPERVISORY COMMITTEE MEMBERS, OFFICERS, OR EMPLOYEES — PROHIBITION OF FUTURE EMPLOYMENT. (1) The director may issue a written order, pursuant to chapter 52, title 67, Idaho Code, suspending or removing a credit union director, supervisory committee member, officer, or employee upon finding that the director, supervisory committee member, officer, or employee has: (a) Been dishonest or reckless in the performance of his official duties;  (b) Breached his fiduciary duties to the credit union in a manner that is likely to cause substantial loss or seriously weaken the credit union; (c) Violated any provision of this chapter, any state or federal law or regulation pertaining to the business of the credit union, or any order of the director; (d) Been convicted of a felony or any misdemeanor involving theft or dishonesty; or (e) Engaged or participated in any unsafe or unsound practice in the conduct of the affairs of the credit union. (2) In the event a director, supervisory committee member, officer, or employee has been removed from office as set forth in this section, and the order has not been modified, rescinded, or set aside, or if a person has been removed as a director, supervisory committee member, officer, or employee of a credit union by a federal financial institution regulator or a financial institution regulator in another state, the person is prohibited from becoming employed by a credit union supervised by the director in this state, except as specifically permitted by the director. (3) The director, officer, employee, or credit union affected by order of the director may immediately petition the district court in the judicial district of the county in which the credit union has its principal place of business or in Ada county to set aside the order of the director. Upon the filing of such petition, the court shall have the jurisdiction to affirm or set aside in whole or in part and remand to the director. (4) An order issued under this section must contain a statement of the facts that constitute grounds for removal or prohibition and cite relevant state or federal law or regulation. (5) A prevailing party in any proceeding under this section may be awarded attorney’s fees and costs pursuant to section 12-117, Idaho Code.  History: [26-2140B, added 2020, ch. 214, sec. 8, p. 632.]
ID Code § 26-2141 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2141 - APPOINTMENT OF RECEIVER — CONDITIONS — PROCEEDING — BOND — REPORTING SCHEDULE — SUBROGATION OF FEDERAL AGENCY TO RIGHTS OF DEPOSIT OWNERS.

26-2141. APPOINTMENT OF RECEIVER — CONDITIONS — PROCEEDING — BOND — REPORTING SCHEDULE — SUBROGATION OF FEDERAL AGENCY TO RIGHTS OF DEPOSIT OWNERS. (1) If a credit union refuses to pay its shares, deposits, or obligations in accordance with the terms under which the shares were received or the deposits or obligations were incurred, becomes insolvent, or refuses to submit its books, papers, and records for inspection by the director, or if it appears to the director that the credit union is in an unsafe and unsound condition, the director may apply to the district court for Ada county or for the county in which the principal place of business of the credit union is located for appointment of a receiver for the credit union. (2) In a proceeding for the appointment of a receiver, the court may act upon the application immediately and without notice to any person. If at any time it appears to the court that the asserted reasons for receivership may not exist, the court shall order the director to show cause as to why the court should not dissolve the receivership. (3) An insuring federal agency or private share insurer may act as receiver without bond. All other receivers, with the exception of an employee of the Idaho department of finance appointed as receiver in his official capacity, shall post a bond in an amount determined by the court. (4) A receiver shall report to the director regarding all matters involving the receivership on a schedule established by the director. (5) If a credit union is closed and placed in receivership, and the insuring federal agency or private share insurer pays or makes available for payment the insured shares and deposit liabilities of the closed credit union, the federal agency or private share insurer, whether or not it has become receiver of the credit union, is subrogated to all of the rights of the owners of the deposits against the closed credit union in the same manner and to the same extent as subrogation of the federal agency or private share insurer under the laws governing the federal agency or private share insurer. (6) For purposes of this section, "insolvent" means a credit union that meets either of the following: (a) It is not able to pay its debts and other obligations, including those related to member shares, as they become due; or (b) Its liabilities exceed its assets. (7) If a federal agency is appointed as receiver of a credit union, the receivership procedures of the federal agency shall govern the receivership.  History: [26-2141, added 2020, ch. 214, sec. 10, p. 633.]
ID Code § 26-2143 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2143 - BRANCH OFFICES.

26-2143. BRANCH OFFICES. A credit union may under such regulations as the director may adopt establish branch offices at locations other than its main office if the maintenance of such branch offices shall be reasonably necessary to furnish services to its membership. The credit union must justify that ninety per cent (90%) of the cost of the branch and its operation will be derived from existing and potential membership in the proposed area. No additional branch offices shall be established to serve persons who are not entitled to membership as defined in the common bond provision of the existing field of membership. Prior written approval of the director shall be necessary for the establishment of branch offices. He shall have the authority to issue notice and hold a hearing to determine if the establishment of the branch office is necessary and in the best interests of the credit union. The applicant credit union will pay to the department of finance an investigation fee to cover the actual cost of investigation not to exceed five hundred dollars ($500). These funds will be deposited into the finance administrative account pursuant to section 67-2702, Idaho Code.  History: [26-2143, added 1977, ch. 213, sec. 2, p. 607; am. 1984, ch. 47, sec. 6, p. 80.]
ID Code § 26-2144 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2144 - ADMINISTRATION, RULES AND REGULATIONS.

26-2144. ADMINISTRATION, RULES AND REGULATIONS. The administration of the provisions of this chapter shall be under the general supervision and control of the director. The director may from time to time make, amend and rescind such rules, regulations and forms necessary to carry out the provisions of this chapter. No rule, regulation or form may be made unless the director finds that the action is necessary or appropriate for the public interest or for the protection of the credit union’s welfare consistent with the purposes of this chapter.  History: [26-2144, added 1977, ch. 213, sec. 2, p. 607.]
ID Code § 26-2145 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2145 - AUTHORITY TO EXERCISE FEDERAL POWERS.

26-2145. AUTHORITY TO EXERCISE FEDERAL POWERS. (a) Notwithstanding any other provision of law, but subject to the limitations provided for in this section, a credit union may engage in any activity in which it could engage, exercise any power it could exercise, or make any loan or investment which it could make if it were operating as a federal credit union, or a credit union chartered by another state. (b) Before engaging in any activity or exercising any power afforded under this section, a credit union shall first notify the director of its intent to do so. This notice shall be sent to the director by U.S. mail, postage prepaid, certified or registered, with return receipt requested. Should the director take no action on the request within twenty (20) days of delivery to the director, the right to engage in the action or power so requested shall be deemed granted. (c) Should the director deny the request, the affected credit union shall have the right to request a hearing before the director, which hearing shall be held within thirty (30) days of the date of the denial. (d) The director shall have the discretion to deny any request which is inconsistent with the purposes of this chapter. (e) No such approval shall operate to deny the director of any of his authority under this chapter and such permitted activity shall be subject to regulation by the director.  History: [26-2145, added 1984, ch. 95, sec. 2, p. 221; am. 1997, ch. 111, sec. 3, p. 270.]
ID Code § 26-2146 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2146 - INVESTMENT IN SERVICE CORPORATION.

26-2146. INVESTMENT IN SERVICE CORPORATION. No limitation or prohibition otherwise imposed by any provision of the laws of the state of Idaho exclusively relating to credit unions shall prevent or prohibit any two (2) credit unions from investing not more than ten percent (10%) of the paid-in shares and deposits of members of each of them in a credit union service corporation.  History: [26-2146, added 1977, ch. 213, sec. 2, p. 608.]
ID Code § 26-2147 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2147 - CREDIT UNIONS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE CREDIT UNION.

26-2147. CREDIT UNIONS JOINTLY HOLDING STOCK — EFFECT OF WITHDRAWAL BY ONE CREDIT UNION. If stock in a credit union service corporation has been held by two (2) credit unions, and one (1) of such credit unions ceases to utilize the services of the corporation and ceases to hold stock in it, and leaves the other as the sole stockholding credit union, the corporation may nevertheless continue to function as such and the other credit union may continue to hold stock in it.  History: [26-2147, added 1977, ch. 213, sec. 2, p. 608.]
ID Code § 26-2148 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2148 - DUTY OF CREDIT UNION SERVICE CORPORATION NOT TO DISCRIMINATE — BURDEN OF PROOF.

26-2148. DUTY OF CREDIT UNION SERVICE CORPORATION NOT TO DISCRIMINATE — BURDEN OF PROOF. Whenever a credit union, referred to in this section as any "applying credit union" subject to examination by either the department of finance of the state of Idaho, or a federal supervisory agency, applies for a type of credit union services for itself from a credit union service corporation which supplies the same type of credit union services to another credit union, and the applying credit union is competitive with any credit union, referred to in this section as a "stockholding credit union" which holds stock in such corporation, the corporation must offer to supply such services by either: (a) Issuing stock to the applying credit union and furnishing credit union services to it on the same basis as to the other credit unions holding stock in the corporation, or (b) Furnishing credit union services to the applying credit union 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 credit union from another source, or unless the furnishing of the services sought by the applying credit union 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 credit union service corporation to show such availability.  History: [26-2148, added 1977, ch. 213, sec. 2, p. 608.]
ID Code § 26-2149 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2149 - PROHIBITED ACTIVITIES.

26-2149. PROHIBITED ACTIVITIES. No credit union service corporation may engage in any revenue producing activity other than the performance of credit union services for credit unions 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 credit unions.  History: [26-2149, added 1977, ch. 213, sec. 2, p. 609.]
ID Code § 26-2151 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2151 - CUSTODIAL ACCOUNTS.

26-2151. CUSTODIAL ACCOUNTS. A credit union is authorized to act as custodian or fiduciary for members of the credit union 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 credit union. All funds held in such fiduciary capacity by any such credit union may be commingled for appropriate purposes of investment, but individual records shall be kept by the fiduciary for each participant and shall show in proper detail all transactions engaged in under the authority of this section.  History: [26-2151, added 1977, ch. 213, sec. 2, p. 611; am. 2020, ch. 214, sec. 13, p. 636.]
ID Code § 26-2152 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2152 - INTERSTATE CREDIT UNIONS — APPROVAL — PERMIT — FEES — SUPERVISION.

26-2152. INTERSTATE CREDIT UNIONS — APPROVAL — PERMIT — FEES — SUPERVISION. (1) Provided that the membership limits as defined in section 26-2110, Idaho Code, are maintained: (a) A credit union chartered under this chapter may operate in another state unless prohibited by the law of the other state. Idaho is the home state for any credit union chartered under this chapter. (b) A credit union chartered under the laws of another state may operate in Idaho with the approval of the director on the terms and conditions provided in subsection (2) of this section. Idaho is the host state for any credit union chartered under the laws of any other state. The state which charters the credit union is the home state of the credit union. (2) The director may issue a permit to a credit union chartered in another state to operate in this state in a manner consistent with the Idaho credit union act, provided that the credit union applies for such permit on a form approved by the director and has approval from the regulator of credit unions in its home state to operate in Idaho. A credit union for which Idaho is a host state shall acknowledge that Idaho laws relating to consumer protection apply to transactions with residents in Idaho. The credit union for which Idaho is a host state shall maintain its books and records in Idaho or in such other place as the director may agree in writing. The director may, pursuant to chapter 52, title 67, Idaho Code, suspend or revoke the permit of any credit union for which Idaho is the host state for any violation of the Idaho credit union act. (3) The director shall assess fees as provided in section 26-2136, Idaho Code, to be paid by a credit union for which Idaho is the host state on the basis of the assets of the credit union which are derived from its operations in Idaho. The director, in his discretion, may adjust such fees according to the level of participation of the department in the supervision of the credit union. (4) The director may enter into agreements with private share insurers and credit union regulators both with the federal government and in other states, to coordinate and facilitate regulation and supervision of interstate credit unions as permitted by section 26-2610, Idaho Code.  History: [26-2152, added 1997, ch. 111, sec. 4, p. 271.]
ID Code § 26-2153 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2153 - SHARE AND DEPOSIT INSURANCE.

26-2153. SHARE AND DEPOSIT INSURANCE. (1) Not later than January 1, 1986, a state chartered credit union shall apply for and obtain insurance on shares and deposits as provided by the national credit union administration under title II of the federal credit union act (12 U.S.C. section 1781 et seq.), or alternatively, a form of comparable insurance approved by the director. This requirement does not apply to a credit union with debt and equity capital consisting primarily of funds from other credit unions. (2) A credit union which has been denied a commitment for such insurance shall within thirty (30) days after the denial, commence steps to either liquidate, or merge with an insured credit union, or apply in writing to the director for additional time to obtain an insurance commitment. The director shall grant one or more extensions of time to obtain the insurance upon satisfactory evidence that the credit union has made or is making a substantial effort to achieve the conditions precedent to issuance of the insurance. (3) No credit union shall be granted a charter by the director unless such credit union has obtained insurance of its member share and deposit accounts. (4) (a) Notwithstanding the above, a credit union whose members, after being fully informed on the subject, vote, by a simple majority of those members present at a meeting called for such purpose, to not obtain share insurance, shall not be required to obtain such insurance as condition precedent to doing business in this state. (b) In those credit unions in which the membership has voted to reject the need for share insurance, the rejection shall be placed before the membership for reconsideration at least biannually thereafter. (c) Should the membership of a credit union, in which the need for share insurance has been rejected, determine, as provided above, that the need for share insurance does exist, the credit union shall, within thirty (30) days following the date of the meeting held for the purpose of voting on the subject, make application for and obtain insurance as provided above. (d) Those credit unions whose members have voted to remain uninsured shall disclose to their members, on a regular and periodic basis, that their shares and deposits in that credit union are not protected by share insurance and the procedures required by this section. (5) The director may make available reports of condition and examination findings to the national credit union administration or to any qualified insuring organization and may accept any report of examination made on behalf of such agency or organizations. The director may appoint an official of the national credit union administration or of any qualified insuring organization as a liquidating agent of an insured credit union.  History: [26-2153, added 1984, ch. 59, sec. 1, p. 107.]
ID Code § 26-2154 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2154 - CREDIT UNIONS ELIGIBLE AS DEPOSITORIES.

26-2154. CREDIT UNIONS ELIGIBLE AS DEPOSITORIES. Notwithstanding any other provision of this chapter, any state credit union or federal credit union located within this state may become a state depository by making application for that purpose to the state treasurer and may accept such funds as nonmember deposits.  History: [26-2154, added 1986, ch. 74, sec. 1, p. 221.]
ID Code § 26-2155 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2155 - DESIGNATION OF DEPOSITORY — REPORTING OF RESERVES AND UNDIVIDED EARNINGS.

26-2155. DESIGNATION OF DEPOSITORY — REPORTING OF RESERVES AND UNDIVIDED EARNINGS. (1) The state treasurer shall designate credit unions qualified under this chapter as a state depository or depositories. Such designation shall be determined by competitive bidding or by other means generally accepted as standard business practice. In no case shall the deposit or deposits of state funds in the account of any public entity in any credit union exceed at any one time, the total of the reserves and undivided earnings of such credit union or the total sum covered by share and deposit insurance provided by either the national credit union share insurance fund or by a deposit guarantee corporation authorized to issue share and deposit insurance contracts in this state, whichever sum shall be less. In the event that any credit union has been designated as a depository under this chapter, such designation shall continue in force until revoked by the treasurer. (2) Every credit union designated as a state depository and holding any deposit of the funds of the state of Idaho under the provisions of this section shall, on or before beginning to hold such deposits, file with the state treasurer the affidavit of one (1) of its officers showing the amount of the reserves and undivided earnings of such credit union. Such affidavits shall be effective for the purposes of this section, to and including January 31 next following the date of their filing but no longer, and, on or before that date, if such credit union is to continue as a designated state depository under this section, a like affidavit shall be filed in like manner for the succeeding year. No such credit union shall receive deposits from nor act as depository for the funds of the state of Idaho unless and until an affidavit as is herein required and which still continues in effect is on file with the state treasurer in accordance with this section. (3) The state treasurer is authorized in his or her discretion and from time to time to negotiate for the payment to designated state depositories of reasonable compensation for services rendered in acting as such depositors. The method and/or rate of such compensation and the terms and conditions thereof shall be fixed by the state treasurer after such negotiation, which may include the calling of bids for specific services. All bids received, whether by a formal bidding process or by negotiation, and the compensation fixed by the treasurer, which shall be in the form of a written agreement, shall be a matter of public record.  History: [26-2155, added 1986, ch. 74, sec. 2, p. 221; am. 1988, ch. 158, sec. 3, p. 288.]
ID Code § 26-2157 (2021)
2021 Idaho Code|Title 26 - BANKS AND BANKING|Chapter 21 - IDAHO CREDIT UNION ACT|Section 26-2157 - AUTHORITY OF DIRECTOR TO CALL AND ATTEND SPECIAL MEETING OF THE BOARD.

26-2157. AUTHORITY OF DIRECTOR TO CALL AND ATTEND SPECIAL MEETING OF THE BOARD. The director may require and attend a special meeting of the board of a credit union if an examination of the credit union results in a composite capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk (CAMELS) rating of "3," "4," or "5." The director’s request for a special board meeting must be made in writing to the chairman and the secretary of the board. On receipt of such a request, the secretary shall designate a time and place for the special board meeting, which shall be held within thirty (30) days after receipt of the request. The director may require the attendance of all of the directors at the special board meeting, and an absence unexcused by the director constitutes a violation of this chapter.  History: [26-2157, added 2020, ch. 214, sec. 14, p. 637.]