Section 28-43-310 – REGULAR SCHEDULE OF PAYMENTS — MAXIMUM LOAN TERM.
28-43-310. REGULAR SCHEDULE OF PAYMENTS — MAXIMUM LOAN TERM. Regulated consumer loans, not made pursuant to open-end credit and in which the principal is one thousand dollars ($1,000) or less, shall be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted […]
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 28-43-311 – LIMITATION ON ATTORNEY FEES.
28-43-311. LIMITATION ON ATTORNEY FEES. With respect to a regulated consumer loan in which the principal is one thousand dollars ($1,000) or less, the agreement may not provide for the payment by the debtor of attorney’s fees. A provision in violation of this section is unenforceable. History: [28-43-311, added 1983, ch. 119, sec. 3, p. […]
Section 28-43-312 – ATTORNEY’S FEES.
28-43-312. ATTORNEY’S FEES. Except as provided by the provisions on limitations on attorney’s fees as to certain regulated consumer loans, section 28-43-311, Idaho Code, with respect to a regulated consumer credit transaction the agreement may provide for the payment by the debtor of reasonable attorney’s fees after default and referral to an attorney not a […]
Section 28-43-401 – HOME SOLICITATION SALE DEFINED.
28-43-401. HOME SOLICITATION SALE DEFINED. "Home solicitation sale" means a regulated consumer credit sale of goods or services, in which the seller or a person acting for him personally solicits the sale, and the buyer’s agreement or offer to purchase is given to the seller or a person acting for him, at his residence. It […]
Section 28-43-402 – BUYER’S RIGHT TO CANCEL.
28-43-402. BUYER’S RIGHT TO CANCEL. (1) In addition to any right otherwise to revoke an offer, the buyer may cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase which complies with this part 4. (2) Cancellation occurs when […]
Section 28-43-403 – FORM OF AGREEMENT OR OFFER — STATEMENT OF BUYER’S RIGHTS.
28-43-403. FORM OF AGREEMENT OR OFFER — STATEMENT OF BUYER’S RIGHTS. (1) In a home solicitation sale, the seller shall present to the buyer and obtain his signature to a written agreement or offer to purchase that designates as the date of the transaction the date on which the buyer actually signs, and contains a […]
Section 28-43-404 – RESTORATION OF DOWN PAYMENT.
28-43-404. RESTORATION OF DOWN PAYMENT. (1) Within ten (10) days after a notice of cancellation has been received by the seller or an offer to purchase has been otherwise revoked, the seller shall tender to the buyer any payments made by the buyer, any note or other evidence of indebtedness, and any goods traded in. […]
Section 28-43-405 – DUTY OF BUYER — NO COMPENSATION FOR SERVICES BEFORE CANCELLATION.
28-43-405. DUTY OF BUYER — NO COMPENSATION FOR SERVICES BEFORE CANCELLATION. Except as provided by the provisions on retention of goods by the buyer, subsection (3) of section 28-43-404, Idaho Code, and allowing for ordinary wear and tear or consumption of the goods contemplated by the transaction, within a reasonable time after a home solicitation […]
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.]