26-2912 EXTRAORDINARY REPORTING REQUIREMENTS. - Idaho Statutes

TITLE 26

BANKS AND BANKING

CHAPTER 29

MONEY TRANSMISSION

26-2912. Extraordinary reporting requirements. Within fifteen (15) days of the occurrence of any one (1) of the events listed below, a licensee shall file a written report with the director describing such event:

(1) The filing for bankruptcy or reorganization by the licensee;

(2) The institution of revocation or suspension proceedings against the licensee by any state or government authority with regard to the licensee’s money transmission activities;

(3) Any felony indictment, complaint or information of the licensee or any of its key officers or directors; or

(4) Any felony conviction of the licensee or any of its key officers or directors.