26-2221 Short Title
26-2222 Definitions
26-2223 Collection Agency, Debt Counselor, Credit Counselor, or Credit Repair Organization — License Required
26-2223A Collection Agency Office Requirements
26-2224 License Application
26-2225 Approval of License Application
26-2226 False or Fraudulent Debt Reduction and Elimination Practices
26-2227 Denial, Suspension, or Revocation of License
26-2228 Powers of the Director
26-2229 Contracts
26-2229A Requirement of Fair, Open, and Honest Dealing — Prohibited Practices
26-2230 Branch Offices
26-2231 Renewal of License — Reinstatement
26-2232 Collection Agency Surety Bonds
26-2232A Debt Counselors, Credit Counselors, Credit Repair Organizations — Bonds
26-2233 Licensee Accounts Required
26-2234 Examinations, Investigations, Records and Payment of Funds
26-2236 Subpoenas
26-2237 Fees — Disposition of Funds
26-2238 Violations — Penalties
26-2239 Exemptions
26-2240 Agent Identification — Quarterly Notice — Fee
26-2243 Property Right in Accounts — Practice of Law Prohibited
26-2244 Cease and Desist Orders, Penalty
26-2245 Director’S Power to Enjoin Violations
26-2246 Closure or Discontinuance of Operations — Requirements
26-2247 Institution of Criminal Proceedings
26-2248 Administration of Act
26-2249 Judicial Review of Final Orders of Director
26-2251 Severability

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Terms Used In Idaho Code > Title 26 > Chapter 22 - Collection Agencies

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair Debt Collection Practices Act: The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act. Its purpose is to ensure ethical practices in the collection of consumer debts and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. It is often used in conjunction with the Fair Credit Reporting Act. Source: OCC
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Month: means a calendar month, unless otherwise expressed. See Idaho Code 73-114
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
  • Property: includes both real and personal property. See Idaho Code 73-114
  • Service of process: The service of writs or summonses to the appropriate party.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.