Idaho State Statutes - Idaho Attorney Directory

(1) Every licensee shall maintain
records in conformity with generally accepted accounting principles and
practices in a manner that will enable the administrator to determine whether
the licensee is complying with the provisions of this act. The recordkeeping
system of a licensee shall be sufficient if he makes the required information
reasonably available. The records need not be kept in the place of business
where regulated consumer loans are made, if the administrator is given free
access to the records wherever located. The records pertaining to any loan
need not be preserved for more than two (2) years after making the final entry
relating to the loan, but in the case of an open-end account, the two (2)
years is measured from the date of each entry.
(2) On or before May 31 of each year, every licensee shall file with the
administrator a composite annual report for the prior calendar year in the
form prescribed by the administrator relating to all regulated consumer loans
made by him. Information contained in annual reports shall be subject to
disclosure according to chapter 3, title 9, Idaho Code, and may be published
only in composite form.

Click here to visit the Official Idaho State Statutes