Idaho Code § 26-704

Current through Chapter 330 of the 2024 Regular Legislative Session

Section 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.

Idaho Code § 26-704

[(26-704) 26-708, added 1979, ch. 41, sec. 2, p. 90; am. and redesig. 2004 , ch. 159, sec. 4 , p. 515.]