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Current as of January 01, 2024 | Updated by Findlaw Staff
No officer, director or employee of any bank or the bank holding company owning or controlling the bank shall demand, accept or receive, directly or indirectly, any commission or other consideration on account of the making, extension, or renewal by said bank of any loan, or extension of credit, to any person, firm or corporation. This prohibition shall not apply to consideration paid by a bank to its employees.
Any person violating the provisions of this section shall be guilty of a felony.
Cite this article: FindLaw.com - Idaho Statutes Title 26. Banks and Banking § 26-1213. Commission for making loans - last updated January 01, 2024 | https://codes.findlaw.com/id/title-26-banks-and-banking/id-st-sect-26-1213/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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