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 28-41-103 – SUPPLEMENTARY GENERAL PRINCIPLES OF LAW APPLICABLE.
28-41-103. SUPPLEMENTARY GENERAL PRINCIPLES OF LAW APPLICABLE. Unless displaced by the particular provisions of this act, the Uniform Commercial Code and the principles of law and equity, including the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, or other validating or invalidating cause supplement the provisions of […]
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 […]
Section 28-41-104 – CONSTRUCTION AGAINST IMPLICIT REPEAL.
28-41-104. CONSTRUCTION AGAINST IMPLICIT REPEAL. This act being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided. History: [28-41-104, added 1983, ch. 119, sec. 3, p. 265.]
Section 28-42-304 – FINANCE CHARGE ON CONSOLIDATION.
28-42-304. FINANCE CHARGE ON CONSOLIDATION. If a debtor owes an unpaid balance to a creditor with respect to a regulated consumer loan or regulated consumer credit sale, or a refinancing or consolidation thereof, and becomes obligated on another regulated consumer loan or regulated consumer credit sale, or a refinancing or consolidation thereof, with the same […]
Section 28-41-105 – SEVERABILITY.
28-41-105. SEVERABILITY. If any provision of this act or the application thereof to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of this act which can be given effect without the invalid provision or application, and to this end the provisions of this act are severable. History: […]
Section 28-36-101 – SHORT TITLE AND PURPOSE.
28-36-101. SHORT TITLE AND PURPOSE. This act shall be known and may be cited as the "Idaho Lease-Purchase Agreement Act." The purpose of this act is to protect both consumers and businesses engaged in the lease-purchase of consumer goods against unfair or deceptive acts and practices, to provide certainty and regularity in the conduct of […]
Section 28-36-102 – DEFINITIONS.
28-36-102. DEFINITIONS. As used in this chapter: (1) "Advertisement" means a commercial message in any medium that promotes, directly or indirectly, a lease-purchase agreement. (2) "Consumer" means a natural person who rents personal property under a lease-purchase agreement to be used by the consumer primarily for personal, family or household purposes. (3) "Consummation" means the […]
Section 28-36-103 – INAPPLICABILITY OF OTHER LAWS — EXEMPTED TRANSACTIONS.
28-36-103. INAPPLICABILITY OF OTHER LAWS — EXEMPTED TRANSACTIONS. (1) Lease-purchase agreements are not governed by the laws relating to: (a) A home solicitation sale as defined in section 28-43-401, et seq., Idaho Code; (b) A regulated consumer credit transaction pursuant to section 28-41-101, et seq., Idaho Code; or (c) A security interest as defined in […]
Section 28-36-104 – GENERAL REQUIREMENTS OF DISCLOSURE.
28-36-104. GENERAL REQUIREMENTS OF DISCLOSURE. (1) The lessor shall disclose, or cause to be disclosed, to the consumer the information required in this chapter. In a transaction involving more than one (1) lessor, only one (1) lessor need make the disclosures, but all lessors shall be bound by such disclosures. (2) The disclosures shall be […]