ID S1013

Amends Idaho Credit Code to revise administrative enforcement procedures, including how the administrator issues cease and desist orders and pursues civil remedies for violations.

Allows the administrator to bring civil actions against persons violating the Idaho Credit Code and seek remedies including injunctions, civil penalties up to $5,000 per violation, recovery of investigative costs and attorney's fees, and restitution to borrowers.

Revises licensing requirements for regulated consumer lenders and payday loan operators, including provisions for application procedures, liquid asset requirements ($30,000 minimum), and annual renewal fees ($150 per location).

Changes annual report filing deadline from May 31 to May 31 for regulated consumer lenders and payday loan licensees concurrent with license renewal.

Modifies license revocation and suspension procedures to require notice and hearing, allowing the administrator to suspend licenses without prior notice if probable cause exists for unconscionable or fraudulent conduct by unlicensed persons required to be licensed.