Idaho State Statutes - Idaho Attorney Directory

FALSE STATEMENTS REGARDING BANKS AND TRUST COMPANIES -- CIVIL
REMEDIES. (1) It is unlawful for any person to make, circulate or transmit to
another or others any false statement, rumor, or suggestion, written, printed
or by word of mouth, which is directly or by inference derogatory to the
financial condition or affects the solvency or financial standing of any bank
or trust company doing business in this state, or who shall counsel, aid,
procure or induce another to start, transmit or circulate any such statement
or rumor.
(2) Whenever it appears to the director that any person has engaged in
any act constituting a violation of this section, he may in his discretion
bring an action in any court of competent jurisdiction to enjoin any such act
and to enforce compliance with this section. Upon a showing that a person has
engaged or is about to engage in an act constituting a violation of this
section, a permanent or temporary injunction, restraining order or writ of
mandamus shall be granted. The director shall not be required to furnish a
bond. In addition to the foregoing, the director may be granted the following
remedies:
(a) An order that the person violating this section pay a civil penalty
to the general fund in an amount not to exceed ten thousand dollars
($10,000) for each violation;
(b) An order that the person violating this section pay costs to the
department, which may include an amount representing reasonable attorney's
fees and reimbursements for investigative efforts;
(c) An order granting other appropriate remedies upon a proper showing.

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