Idaho Department of Finance

What Idaho Department of Finance does

The Idaho Department of Finance (IDOF), founded in 1905 and headquartered at 11341 West Chinden Blvd., Building 4, Floor 3 in Boise, Idaho, is the primary state regulatory agency responsible for safeguarding the financial health of Idahoans. It is structured into four bureaus — Financial Institutions (state-chartered banks, savings banks, credit unions, trust companies, bank holding companies, BIDCOs), Consumer Finance (mortgage lenders, brokers, loan originators, consumer lenders, payday and title lenders, collection agencies, credit counselors, debt repair organizations), Securities (broker-dealers, investment advisers, money transmitters, escrow agencies, endowment care cemeteries), and Supporting Services (administration, budgeting, personnel). The agency exercises statutory authority under the Idaho Bank Act, Idaho Credit Union Act, Idaho Uniform Securities Act, Idaho Collection Agency Act, Idaho Residential Mortgage Practices Act, Idaho Money Transmitters Act, Idaho Credit Code, Idaho Trust Institutions Act, and the Idaho Financial Fraud Prevention Act.

IDOF's service portfolio is centered on regulatory delivery rather than commercial products. Core functions include licensing and chartering, periodic examinations, complaint intake and resolution (including a dedicated Report & Hold mechanism for financial exploitation of seniors and vulnerable adults), securities registration, public administrative and civil actions, rulemaking, statutory and interpretive guidance, and public records request processing. Digital delivery is handled through the official finance.idaho.gov portal, with licensing flows routed through the Nationwide Multistate Licensing System (NMLS), collection-agency quarterly reporting handled through Tyler Idaho (formerly Access Idaho), and lookups federated to FINRA BrokerCheck, FDIC BankFind, and NCUA Research a Credit Union. Outreach channels include a website, Facebook, Twitter, LinkedIn, YouTube, the Compliance Connection newsletter, the Department Podcast, press releases, and events such as the North Idaho Women and Their Money Conference.

The agency is funded through State of Idaho general appropriations and regulatory fees collected from licensed entities (banks, credit unions, broker-dealers, investment advisers, money transmitters, escrow agencies, collection agencies, mortgage lenders, and other regulated parties), with public records fees set under Idaho Code §74-102. IDOF coordinates with federal regulators (FDIC, NCUA, SEC, FINRA) and the North American Securities Administrators Association (NASAA), and partners domestically with the Idaho Attorney General's Office, Idaho State Police, and Idaho Commission on Aging on enforcement, investigations, and elder financial exploitation matters.

Name

Idaho Department of Finance

Legal name

Idaho Department of Finance

Website

https://finance.idaho.gov

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

The Idaho Department of Finance is a Boise-based state regulatory agency, founded in 1905, that charters and examines Idaho banks, credit unions, securities broker-dealers, investment advisers, money transmitters, escrow agencies, consumer lenders, and collection agencies, and protects Idaho consumers through licensing, enforcement, and financial literacy programs.

Ownership category

akta.pro rank

Product category

State Financial Regulation

NAICS

Public Finance Activities (92113)

SIC

Finance Services (6199)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industry

Compliance, Audit & Regulatory Services for Collections (FSAKAJAL)

Keywords

• State financial regulation
• Bank supervision services
• Securities regulation
• Consumer finance oversight
• Money transmitter licensing

Headquarters

HQ city

Boise

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Regulatory Fees and Assessments: The Idaho Department of Finance is a state government agency funded through general state appropriations and regulatory fees collected from licensed entities. Fees are collected from financial institutions, securities broker-dealers, investment advisers, money transmitters, escrow agencies, collection agencies, mortgage lenders, and other regulated entities pursuant to Idaho statutes including the Idaho Bank Act, Idaho Credit Union Act, Idaho Uniform Securities Act, Idaho Collection Agency Act, Idaho Residential Mortgage Practices Act, and Idaho Money Transmitters Act.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The Idaho Department of Finance is a state government regulatory agency that licenses, supervises, and examines state-chartered banks, credit unions, securities broker-dealers, investment advisers, money transmitters, and consumer finance businesses (including mortgage lenders, payday lenders, and collection agencies) operating in Idaho. It also administers consumer protection programs, including a complaint intake process, and issues enforcement actions against licensees that violate Idaho financial laws.

Product overview

The Idaho Department of Finance is a state regulatory agency offering a unified platform of regulatory oversight and consumer protection services. The organization operates through four main bureaus (Financial Institutions, Consumer Finance, Securities, and Supporting Services) providing licensing verification, complaint filing, consumer education, enforcement actions, legal guidance, and public records access. Key digital services include an online Licensee Search for verifying regulated entities, a Complaint Filing system, the Report & Hold program for protecting vulnerable adults from financial exploitation, and various industry-specific licensing portals through NMLS and Tyler Idaho.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Institutions Bureau Supervision State-chartered bank and credit union supervision, including chartering, examination, and ongoing prudential oversight for depository institutions operating in Idaho.
• Consumer Finance Bureau Licensing Licensing, examination, and compliance oversight of mortgage lenders, mortgage brokers, payday lenders, and other consumer finance businesses operating in Idaho.
• Securities Bureau Registration Registration, licensing, and examination of broker-dealers, investment advisers, and money transmitter/cryptocurrency businesses operating in Idaho.
• Collection Agency Regulation Licensing and oversight of collection agencies operating in Idaho under state consumer protection statutes.
• Consumer Complaint Resolution Public intake and investigation of consumer complaints against licensed financial institutions, securities firms, and consumer finance entities operating in Idaho.
• Public Records Request Service Formal process for members of the public to request access to department records under Idaho public records law.
• Online Licensee Verification Public lookup of licensed financial institutions, securities firms, consumer finance entities, and money transmitters operating in Idaho through the department's online portal.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Idaho Attorney General's OfficecoreStrategic or Co-development PartnerThe Idaho Department of Finance collaborates with the Idaho Attorney General's Office on investigations and enforcement actions, particularly regarding financial crimes and consumer protection cases involving financial fraud or exploitation.
• Idaho State PolicecoreStrategic or Co-development PartnerThe department works with Idaho State Police on financial crime investigations, including cases involving fraud, embezzlement, and other financial misconduct by regulated entities or individuals.
• Idaho Commission on AgingcoreStrategic or Co-development PartnerThe Idaho Department of Finance partners with the Idaho Commission on Aging as authorized agencies under the Financial Fraud Prevention Act to protect seniors and vulnerable adults from financial exploitation, including reporting suspected financial exploitation and placing temporary holds on suspicious transactions.
• Federal Deposit Insurance Corporation (FDIC)coreStrategic or Co-development PartnerThe department collaborates with federal banking regulators including the FDIC for oversight of state-chartered banks, shared examination activities, and regulatory coordination for federally-insured financial institutions.
• National Credit Union Administration (NCUA)coreStrategic or Co-development PartnerThe department coordinates with NCUA on credit union regulatory matters and examinations for state-chartered credit unions that have federal share insurance.
• U.S. Securities and Exchange Commission (SEC)coreStrategic or Co-development PartnerThe Idaho Department of Finance Securities Bureau works with the SEC on securities regulation, including coordination on investment adviser oversight, broker-dealer examinations, and securities offering regulations including Regulation A matters.
• Financial Industry Regulatory Authority (FINRA)coreStrategic or Co-development PartnerThe department coordinates with FINRA for broker-dealer oversight and utilizes the BrokerCheck system for broker-dealer searches. The department's rules reference FINRA regulations, reflecting the renaming from the former NASD.
• North American Securities Administrators Association (NASAA)coreStrategic or Co-development PartnerThe Idaho Department of Finance participates in NASAA, a collaborative organization of 50 state securities regulators as well as Canadian and Mexican securities regulators working to provide uniform regulatory frameworks for securities issuers across jurisdictions.
• U.S. Department of Housing and Urban Development (HUD)minorStrategic or Co-development PartnerThe department references HUD-approved housing counselors in its consumer guidance related to mortgage products and reverse mortgage counseling requirements.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• California Department of Financial Protection and Innovation: California's unified state financial regulator overseeing banks, credit unions, money transmitters, securities broker-dealers, investment advisers, and consumer lenders. Direct comparable in mandate breadth and structure (multi-bureau organization), though at much larger scale.
• Utah Department of Financial Institutions: Utah's state financial regulator for banks, credit unions, trust companies, mortgage lenders, securities broker-dealers, and investment advisers. Closely comparable in mandate breadth, multi-bureau structure, and smaller-state operating profile.
• Colorado Division of Banking: Colorado's state banking and financial services regulator (within the Department of Regulatory Agencies) covering state-chartered banks, trust companies, money transmitters, and consumer lenders. Comparable to the IDOF Financial Institutions and Consumer Finance Bureaus.
• Washington State Department of Financial Institutions: Washington's state financial regulator with structurally parallel responsibilities: chartering and supervising state-chartered banks and credit unions, licensing mortgage and consumer lenders, regulating securities broker-dealers and investment advisers, and overseeing money transmitters. Compares directly to Idaho's Financial Institutions, Consumer Finance, and Securities Bureaus.
• Texas State Securities Board: Texas's state securities regulator handling broker-dealer and investment adviser registration, securities offerings, and enforcement. Directly comparable to the IDOF Securities Bureau in scope and statutory framework (both operate under state-level versions of the Uniform Securities Act).
• Montana Division of Banking and Financial Institutions: Montana's combined banking and financial institutions regulator covering state-chartered banks, credit unions, trust companies, and consumer lenders. Comparable in small-state profile and consolidated regulatory model.
• New York State Department of Financial Services: New York's state financial regulator with broad jurisdiction over banking, insurance, securities, and money transmission. Comparable in mandate and statutory authority to IDOF; vastly larger scale but same model of consolidated state financial supervision.
• Florida Office of Financial Regulation: Florida's state financial regulator covering banking, securities, mortgage lending, and consumer finance. Comparable in regulatory scope (multi-vertical state regulator), geographic focus on a single state, and use of licensing/examination programs.
• Oregon Division of Financial Regulation: Oregon's state financial regulator covering banking, credit unions, consumer finance, mortgage lending, securities, and insurance. Closely comparable in scope (banking + consumer finance + securities), jurisdiction type (state-level), and operational model to the Idaho Department of Finance.

Others

• North American Securities Administrators Association (NASAA): Voluntary association of state, provincial, and territorial securities regulators. Not a direct competitor but an enabling/ecosystem participant that IDOF explicitly partners with for uniform securities frameworks, multi-state enforcement coordination, and policy development.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/IdahoFinance
• YouTubeyoutube.com/IdahoDepartmentofFinance
• Facebookfacebook.com/IdahoDOF
• LinkedInlinkedin.com/company/idaho-department-of-finance

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Idaho Department of Finance