Section 28-44-106 – UNCONSCIONABILITY.
28-44-106. UNCONSCIONABILITY. (1) In applying the provisions of this act on unconscionability, sections 28-45-106 and 28-46-111, Idaho Code, to a separate charge for insurance, consideration shall be given, among other factors, to: (a) Potential benefits to the debtor including the satisfaction of his obligations; (b) The creditor’s need for the protection provided by the insurance; […]
Section 28-44-107 – MAXIMUM CHARGE BY CREDITOR FOR INSURANCE.
28-44-107. MAXIMUM CHARGE BY CREDITOR FOR INSURANCE. (1) Except as provided in subsection (2) of this section, if a creditor contracts for or receives a separate charge for insurance, the amount charged to the debtor for the insurance may not exceed the premium to be charged by the insurer, as computed at the time the […]
Section 28-44-108 – REFUND OR CREDIT REQUIRED — AMOUNT.
28-44-108. REFUND OR CREDIT REQUIRED — AMOUNT. (1) Upon prepayment in full of a regulated consumer credit sale or regulated consumer loan by the proceeds of credit insurance, the debtor or his estate is entitled to a refund of any portion of a separate charge for insurance which by reason of prepayment is retained by […]
Section 28-44-109 – EXISTING INSURANCE — CHOICE OF INSURER.
28-44-109. EXISTING INSURANCE — CHOICE OF INSURER. If a creditor requires insurance, upon notice to the creditor, the debtor, as provided in section 41-2313, Idaho Code, shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the debtor, or through a policy to be obtained and […]
Section 28-44-101 – SHORT TITLE.
28-44-101. SHORT TITLE. This chapter shall be known and may be cited as Idaho Credit Code – Insurance in Regulated Consumer Credit Transactions. History: [28-44-101, added 1983, ch. 119, sec. 3, p. 287.]
Section 28-44-102 – SCOPE — RELATION TO CREDIT INSURANCE ACT — APPLICABILITY TO PARTIES.
28-44-102. SCOPE — RELATION TO CREDIT INSURANCE ACT — APPLICABILITY TO PARTIES. (1) Except as provided in subsection (2) of this section, this chapter applies to insurance provided or to be provided in relation to a regulated consumer credit transaction, as defined in section 28-41-301, Idaho Code. (2) The provision on cancellation by a creditor, […]
Section 28-44-103 – CREDIT INSURANCE — CREDIT INSURANCE ACT — DEFINED.
28-44-103. CREDIT INSURANCE — CREDIT INSURANCE ACT — DEFINED. (1) In this act, "credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: (a) Insurance provided in relation to a credit transaction in which a payment is […]
Section 28-44-104 – CREDITOR’S PROVISION OF AND CHARGE FOR INSURANCE — EXCESS AMOUNT OF CHARGE.
28-44-104. CREDITOR’S PROVISION OF AND CHARGE FOR INSURANCE — EXCESS AMOUNT OF CHARGE. (1) Except as otherwise provided in this chapter and subject to the provision on maximum charges, section 28-42-201, Idaho Code, a creditor may agree to provide insurance, and may contract for and receive a charge for insurance separate from and in addition […]
Section 28-44-105 – CONDITIONS APPLYING TO INSURANCE TO BE PROVIDED BY CREDITOR.
28-44-105. CONDITIONS APPLYING TO INSURANCE TO BE PROVIDED BY CREDITOR. If a creditor agrees with a debtor to provide insurance: (1) The insurance shall be evidenced by an individual policy, certificate of insurance, application or notice of proposed insurance, disclosed to debtor pursuant to the provisions of section 41-2308, Idaho Code; or (2) The creditor […]