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Department of Finance seeks input on licensing

The Idaho Department of Finance is reviewing its licensing and registration requirements as part of an executive order issued by Idaho Lt. Gov. Brad Little requiring all regulatory agencies to review their processes. File photo.

The Idaho Department of Finance is reviewing its licensing and registration requirements. Idaho Lt. Gov. Brad Little issued an executive order requiring all regulatory agencies to review their processes. File photo.

The Idaho Department of Finance is seeking comment from everyone who provides financial services as part of its review of its licensing requirements.

The Department of Finance regulates individual mortgage loan originators, security sales agents, and investment advisers. These professionals must meet federal requirements. State regulators are evaluating their policies to ensure the state isn’t creating unnecessary barriers with things such as deadlines, processing periods, fees, or state-specific regulations.

Representatives from the department will contact all licensees by the end of June. Anyone within the financial service sector who wishes to comment can write the Department of Finance, the governor’s office, or the lieutenant governor’s office with data, opinions and suggestions for improvements before May 1, 2018.

Anyone wishing to comment can also send an email through a new webpage created by the Department of Finance.

Contact Addresses

Regular mail about the Idaho Department of Finance’s  licensing and registration process can be sent to:

  • The Department of Finance, PO Box 83720, Boise, ID 83720.
  • The Office of the Governor, State Capitol Building, PO Box 83720, Boise, ID 83720.
  • The Office of the Lieutenant Governor, State Capitol Building, PO Box 83720, Boise, ID 83720.

Email links for the Idaho Department of Finance can be found at www.finance.idaho.gov/Licensing_Comments.aspx.

About Benton Alexander Smith

Benton Alexander Smith is a reporter for the Idaho Business Review, covering the Idaho Legislature, new business, technology and financial services.