26-708. VALUATION OF ASSETS. No bank shall enter or at any time carry on its books any of its assets at a valuation exceeding their actual cost to the bank; nor shall the value of any of its assets be increased on the books of the bank without the written consent of the director. Additional charges, delinquency charges and other similar charges on consumer credit transactions permitted by and made in compliance with the Idaho Credit Code and added to the principal balance of the loan, shall not come within the prohibition of this section.
History:
[(26-708) 26-712, added 1979, ch. 41, sec. 2, p. 93; am. and redesig. 2004, ch. 159, sec. 8, p. 523; am. 2008, ch. 140, sec. 8, p. 406.]
Structure Idaho Code
Chapter 7 - LIMITATIONS ON LOANS, INVESTMENTS, AND PRACTICES
Section 26-701 - INVESTMENT OF FUNDS — CERTAIN LOANS PROHIBITED.
Section 26-703 - REAL ESTATE LOANS.
Section 26-704 - DETERMINATION OF LIMITS OF LOANS AND INVESTMENTS OF BANKS.
Section 26-705 - LOANS TO ONE PERSON.
Section 26-706 - LOANS TO OFFICERS AND DIRECTORS.
Section 26-707 - REAL ESTATE HOLDINGS.
Section 26-708 - VALUATION OF ASSETS.
Section 26-709 - STATUTORY BAD DEBT.
Section 26-710 - OWNERSHIP AND LEASING OF PROPERTY FOR CUSTOMERS.
Section 26-711 - LENDING OF CREDIT — SURETYSHIP AND GUARANTYSHIP.
Section 26-712 - VALIDITY OF TRANSACTIONS.
Section 26-713 - ADVERSE CLAIM TO BANK DEPOSIT.
Section 26-714 - ACCOUNT OF PERSON UNDER DISABILITY.
Section 26-715 - BRANCH OR OFFICE AT WHICH INSTRUMENTS ARE TO BE PRESENTED MUST BE INDICATED.