S11192025 Regular Session
Adds to existing law to establish the Idaho Earned Wage Access Services Act.
BANKING -- Adds to existing law to establish the Idaho Earned Wage Access Services Act.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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This legislation creates the regulatory framework for earned wage access companies to operate in Idaho. This legislation establishes licensing and reporting requirements, exemptions, qualifications, and procedures for earned wage access company applications, renewals, and reinstatements.
FISCAL NOTE
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This legislation will require no additional personnel to implement and there is no cost to the General Fund. There may be a net minimal increase in revenue to the Department of Finance through licensing fees for application processing.
LATEST ACTION
Reported Printed; referred to Commerce & Human Resources
BILL INFO
- Session
- 2025
- Chamber
- senate
- Status date
- Feb 19, 2025
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