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Financial Services Law Insights and Observations

Idaho Department of Finance extends temporary work from home guidance for licensees

State Issues Covid-19 Idaho Mortgages

State Issues

On August 12, the Idaho Department of Finance extended temporary work from home guidance previously issued to Idaho mortgage brokers and lenders, mortgage loan originators, regulated lenders, title lenders, payday lenders, and collection agency licensees and registrants. The original guidance (previously covered here and here) permits employees to work from home where the residence is not a licensed branch. The guidance is extended through December 31, 2020. Licensees are expected to meet the requirements of the original guidance, and are reminded that the guidance does not amend the Idaho Residential Mortgage Practices Act, the Idaho Credit Code, or the Idaho Collection Agency Act.