Regulatory Alerts2014-12-01
Permissible Investments Pursuant to the Idaho Money Transmitters Act
The Idaho Department of Finance issued an order defining Automated Clearing House, debit card, and credit card receivables as permissible investments for money transmitter licensees. This classification addresses modern business models where customer funds are collected electronically directly from customers rather than through authorized delegates. The order imposes strict limits, capping these receivables at 50% of total permissible investments and excluding any items outstanding for more than five business days.
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