Idaho State Statutes - Idaho Attorney Directory

Licensees desiring to
conduct licensed activities through authorized representatives shall authorize
such representative to operate pursuant to an express written contract, which
shall provide the following:
(1) That the licensee appoints the person as its representative with
authority to engage in money transmission on behalf of the licensee;
(2) That neither a licensee nor an authorized representative may
authorize subrepresentatives without the written consent of the director;
(3) That licensees are subject to supervision and regulation by the
director;
(4) An acknowledgement that the authorized representative consents to the
director's inspection, with or without prior notice to the licensee or
authorized representative(s), of the books and records of authorized
representative(s) of the licensee when the director has a reasonable basis to
believe that the licensee or authorized representative is in violation of the
provisions of this chapter; and
(5) That authorized representatives are under a duty to act only as
authorized under the contract with the licensee and that an authorized
representative that exceeds its authority is subject to cancellation of its
contract and disciplinary action by the director.

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