{"data":{"id":"us-id/idaho-code-28-46-406","jurisdiction":"us-id","citation":"Idaho Code § 28-46-406","heading":"Nontransferability — Change in control.","body":"(1) Other than the transfer of a license to a new location as set forth in subsection (3) of this section, a license issued pursuant to this chapter is not transferable or assignable.\n(2) The prior written approval of the administrator is required for the continued operation of a payday loan business whenever a change in control of a licensee is proposed. Control in the case of an entity means direct or indirect ownership, or the right to vote or otherwise control, twenty-five percent (25%) or more of the governance interests of the entity, or the ability of any person to elect a majority of the directors. The administrator may require information deemed necessary to determine whether a new application is required. Costs incurred by the administrator in investigating a change of control request shall be paid by the licensee requesting such approval.\n(3) A licensee shall notify the administrator in writing at least fifteen (15) days before any proposed changes in the licensee’s business location or name.","path":["TITLE 28 COMMERCIAL TRANSACTIONS","CHAPTER 46 ADMINISTRATION","PART 4. PAYDAY LOANS"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title28/t28ch46/sect28-46-406/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:27Z","sha256":"35155e4346f96ff813f815c997f43ee646e7ae9442b1fe5746ad7ce3a43533ca","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-28-46-405","next":"us-id/idaho-code-28-46-407"},"notice":"GroundRules: Original legal text. Not legal advice."}