Department of Finance Administration
The Department of Finance was originally created by the State Legislature in 1905.
Its statutory authority derives from the Idaho Code, Title 67, Section 67-2701 and
the various laws under which it operates. The Director is appointed by the Governor
with the advice and consent of the Idaho Senate.
To be appointed, the Director must have at least five years practical experience
in the banking business or have served for a like period in the Banking Division
of the Idaho Department of Finance or that of some other state. No one may serve
as Director who is the owner of or financially interested in any bank or insurance
corporation subject to the supervision of the Department. The Department is divided
into four major Bureaus, one of which, Supporting Services, relates specifically
to the operation of the Department. The other Bureaus are concerned with the enforcement
of the regulatory statutes which the Department administers. Each of the four Bureaus
is supervised by a Bureau Chief that reports to the Director.
To aggressively promote access to vigorous, healthy and comprehensive financial
services for Idaho citizens. This is accomplished through prudent and efficient
oversight of financial institutions, investment opportunities, and credit transactions.
Through administration of laws enacted by the Idaho Legislature, legitimate financial
transactions are encouraged, while fraud, unsafe practices, and unlawful conduct
are detected and appropriate enforcement action is taken.
We are committed to maintaining outstanding public service and high professional
standards. Promptness and accuracy are the touchstones of our operations. All stakeholders
of the Department (citizens, the markets, industries regulated, the Legislature,
the Governor, and our employees) will be given quality responses in a timely manner
and can expect the Department to be in the forefront of all important developments
affecting these laws.
On-Line Bureau Resources