Payday Lender
- Exam
- Not reported
- Education
- Not reported
- Experience
- Not reported
- Background check
- None
Payday Lender in Idaho must be licensed with the Idaho Department of Finance. To be licensed, applicants must: 1.) Register with the Idaho Secretary of State's Office; 2.) Submit current bank statements that reflect a minimum of $30,000 in liquid assets and $5,000 for each additional Idaho physical location; 3.) Provide a History of Lending; 4.) Submit samples of all forms to be used in the lending process; 5.) Submit an application with required documents and fees. Payday Lenders licenses only authorize payday lending. Creditors engaging in the business of making regulated consumer loans or taking assignment of and undertaking direct collection of payments from debtors arising from regulated consumer loans must obtain a regulated lenders license. Term: Licenses are renewed annually.
Requirements reported by the state
- Licence type
- Stand-alone license
- Certification
- No mention of certification
- Background check
- No criminal record requirements
Issuing body
- Department
- Idaho Department of Finance
- Address
- 800 Park Blvd., Suite 200 P.O. Box 83720 Boise, ID 83720
- Phone
- (208) 332-8000
- Agency website
- http://finance.idaho.gov
- Last updated
- March 8, 2018
Occupations (O*NET)
- Mortgage Loan Originator 13-2072.00
Source and verification
This record is Idaho's report to the Analyst Resource Center, published by CareerOneStop (October 2024 export). Everything shown comes only from that report.
Before you apply, confirm every detail with Idaho Department of Finance — see the issuing body section above.
How we process this data. Not legal advice.