Idaho Code

Idaho Code § 26-709 (2026)

Statutory bad debt. 

✓ current as of May 2026
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Statutory bad debt. 

Every bank carrying any bad debt, or a debt of doubtful value, as an asset shall, upon the request or demand of the director, collect the same or put it in good bankable condition or charge it out of its books. Any debt on which interest is past due and unpaid for a period of six (6) months, unless the same is well secured and in process of collection, shall be considered a bad debt within the meaning of this section.

Notes of Decisions
Cited in 1 case, 1992–1992 · leading case: Eliopulos v. Knox, 848 P.2d 984 (Idaho Ct. App. 1992).
Eliopulos v. Knox, 848 P.2d 984 (Idaho Ct. App. 1992). · cites it 8× “Idaho Code § 26-709 5 , which limits the amount of money a bank can loan to any one borrower, is contained in the Idaho Banking Act.”
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