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 28-43-307 – BALLOON PAYMENTS.
28-43-307. BALLOON PAYMENTS. (1) Except as provided in subsection (2) of this section, if any scheduled payment of a regulated consumer credit transaction is more than twice as large as the average of earlier scheduled payments, the debtor has the right to refinance, without penalty, the amount of that payment at the time it is […]
Section 28-43-308 – REFERRAL SALES.
28-43-308. REFERRAL SALES. With respect to a regulated consumer credit sale, the seller may not give or offer to give a rebate or discount or otherwise pay or offer to pay value to the debtor as an inducement for a sale for the debtor giving to the seller the names of prospective buyers, or otherwise […]
Section 28-43-309 – RESTRICTIONS ON INTEREST IN LAND AS SECURITY.
28-43-309. RESTRICTIONS ON INTEREST IN LAND AS SECURITY. With respect to a regulated consumer loan in which the principal is one thousand dollars ($1,000) or less, a regulated lender may not contract for an interest in land as security. A security interest taken in violation of this section is void. History: [28-43-309, added 1983, ch. […]
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 28-43-311 – 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 […]