Section 28-42-305 – CONVERSION TO OPEN-END CREDIT.
28-42-305. CONVERSION TO OPEN-END CREDIT. The parties may agree at or within ten (10) days before the time of conversion to add the unpaid balance of a regulated consumer credit transaction not made pursuant to open-end credit to the debtor’s open-end credit account with the creditor. The unpaid balance so added is an amount equal […]
Section 28-42-306 – RIGHT TO PREPAY.
28-42-306. RIGHT TO PREPAY. (1) Subject to the provisions on rebate upon prepayment, section 28-42-307, Idaho Code, and subject to the provisions of subsection (2) of this section, the debtor may prepay in full the unpaid balance of a regulated consumer credit transaction at any time without penalty. (2) With respect to a regulated consumer […]
Section 28-42-307 – REBATE UPON PREPAYMENT.
28-42-307. REBATE UPON PREPAYMENT. (1) Except as provided in subsection (2) of this section, upon prepayment in full of the unpaid balance of a precomputed regulated consumer loan or regulated consumer credit sale, refinancing, or consolidation, an amount not less than the unearned portion of the finance charge calculated according to this section shall be […]
Section 28-42-308 – DISHONORED CHECK FEES.
28-42-308. DISHONORED CHECK FEES. With respect to a regulated credit transaction, a dishonored check fee in the amount allowed as a set collection fee under section 28-22-105, Idaho Code, may be charged and collected by a creditor, for the return by a depository institution of a dishonored check, negotiable order of withdrawal, or share draft, […]
Section 28-42-401 – MONEY OF ACCOUNT DEFINED.
28-42-401. MONEY OF ACCOUNT DEFINED. The money of account in this state is the dollar, cent and mill, and all public accounts and the proceedings of all courts in relation to money must be kept and expressed in money of the above denomination. History: [28-42-401, added 1983, ch. 119, sec. 3, p. 281.]
Section 28-42-402 – MONEY OF OTHER DENOMINATIONS.
28-42-402. MONEY OF OTHER DENOMINATIONS. The above provisions do not in any manner affect any demand expressed in money of another denomination, but such demand in any suit or proceeding affecting the same must be reduced to the above denominations. History: [28-42-402, added 1983, ch. 119, sec. 3, p. 281.]
Section 28-42-403 – COMPUTATION OF JUDGMENTS.
28-42-403. COMPUTATION OF JUDGMENTS. In all judgments rendered by any court for any debt, damages or costs, and in all executions issued thereon, the amount must be computed, as near as may be, in dollars and cents, rejecting small fractions; and no judgment or other proceeding is erroneous for such omission. History: [28-42-403, added 1983, […]
Section 28-42-404 – COMPOUND INTEREST.
28-42-404. COMPOUND INTEREST. Parties may agree in writing for the payment of compound interest. History: [28-42-404, added 1983, ch. 119, sec. 3, p. 281.]
Section 28-42-302 – DEFERRAL CHARGES.
28-42-302. DEFERRAL CHARGES. (1) With respect to a precomputed regulated consumer credit transaction, refinancing, or consolidation, the parties before or after default may agree in writing to a deferral of all or part of one or more unpaid installments, and the creditor may make and collect a charge not exceeding the rate previously stated to […]
Section 28-42-303 – FINANCE CHARGE ON REFINANCING.
28-42-303. FINANCE CHARGE ON REFINANCING. With respect to a regulated consumer credit transaction, the creditor may, by agreement with the debtor, refinance the unpaid balance and may contract for and receive a finance charge based on the amount financed resulting from the refinancing. The amount financed resulting from the refinancing comprises, if the transaction was […]