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 28-43-303 – DEBT SECURED BY CROSS-COLLATERAL.
28-43-303. DEBT SECURED BY CROSS-COLLATERAL. (1) If debts arising from two (2) or more regulated consumer credit sales, except sales pursuant to open-end credit, are secured by cross-collateral, section 28-43-302, Idaho Code, or consolidated into one (1) debt payable on a single schedule of payments, and the debt is secured by security interests taken with […]
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 28-43-304 – NO ASSIGNMENT OF EARNINGS.
28-43-304. NO ASSIGNMENT OF EARNINGS. (1) A creditor may not take an assignment of earnings of the debtor for payment or as security for payment of a debt arising out of a regulated consumer credit transaction. An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable […]
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 28-43-305 – AUTHORIZATION TO CONFESS JUDGMENT PROHIBITED.
28-43-305. AUTHORIZATION TO CONFESS JUDGMENT PROHIBITED. A debtor may not authorize any person to confess judgment on a claim arising out of a regulated consumer credit transaction. An authorization in violation of this section is void. History: [28-43-305, added 1983, ch. 119, sec. 3, p. 284.]
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 28-43-306 – CERTAIN NEGOTIABLE INSTRUMENTS PROHIBITED.
28-43-306. CERTAIN NEGOTIABLE INSTRUMENTS PROHIBITED. With respect to a regulated consumer credit sale, the creditor may not take a negotiable instrument other than a check dated not later than ten (10) days after its issuance as evidence of the obligation of the debtor. History: [28-43-306, added 1983, ch. 119, sec. 3, p. 284.]
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.]