Section 28-46-506 – RENEWAL OF TITLE LOAN AGREEMENTS.
28-46-506. RENEWAL OF TITLE LOAN AGREEMENTS. (1) Title loan agreements shall not exceed thirty (30) days in length. However, such agreements may provide for renewals, which may occur automatically, unless one (1) of the following has occurred: (a) The debtor has paid all principal and finance charges due in accordance with the title loan agreement; […]
Section 28-46-507 – DEFAULT.
28-46-507. DEFAULT. (1) Before exercising any of its rights upon a default by a debtor under a title loan agreement, the title lender shall mail a "Notice to Cure Default" to the debtor at the debtor’s last address shown in the title lender’s file, notifying the debtor that the debtor has ten (10) days from […]
Section 28-46-508 – PROHIBITED ACTIONS.
28-46-508. PROHIBITED ACTIONS. No title lender licensee under this part or person required under this part to have such license shall: (1) Enter into a title loan agreement with a person less than eighteen (18) years of age, or with anyone who appears to be intoxicated; (2) Make any agreement giving the title lender any […]
Section 28-46-509 – EXEMPTION.
28-46-509. EXEMPTION. The provisions of this part shall not apply to any person licensed or chartered under the laws of any state or of the United States as a bank, savings and loan association, credit union, insurance company, or industrial loan company. The terms "bank," "savings and loan association," "credit union," "insurance company" and "industrial […]
Section 28-49-101 – RELATIONSHIP TO OTHER LAWS.
28-49-101. RELATIONSHIP TO OTHER LAWS. (1) All political subdivisions of this state shall be prohibited from enacting and enforcing ordinances, resolutions and regulations pertaining to the financial or lending activities of persons who: (a) Are subject to the jurisdiction of the department of finance of the state of Idaho, including activities subject to this chapter; […]
Section 28-49-105 – OVERRIDE OF FEDERAL PREEMPTION.
28-49-105. OVERRIDE OF FEDERAL PREEMPTION. The legislature of the state of Idaho hereby declares and states that it does not want any of the provisions of Title V, Part A – Mortgage Usury Laws, Mortgages, Section 501(a)(1) of the Depository Institutions Deregulation and Monetary Control Act of 1980 (Public Law 96-221; 94 Stat. 132), to […]
Section 28-49-107 – CHAPTER 22, TITLE 26, UNAFFECTED.
28-49-107. CHAPTER 22, TITLE 26, UNAFFECTED. No provision of this act shall be construed to amend or repeal any of the provisions of chapter 22, title 26, Idaho Code, as the same is now enacted or as it may be hereafter amended, reenacted or substituted. History: [28-49-107, added 1983, ch. 119, sec. 3, p. 312.]
Section 28-46-412 – PAYDAY LOAN PROCEDURES.
28-46-412. PAYDAY LOAN PROCEDURES. (1) Each payday loan must be documented in a written agreement signed by the borrower. The loan agreement must include the name of the licensee, the loan date, the principal amount of the loan, and a statement of the total amount of fees charged as a condition of making the loan, […]
Section 28-50-101 – SHORT TITLE.
28-50-101. SHORT TITLE. This act may be cited as the "Uniform Electronic Transactions Act." History: [28-50-101, added 2000, ch. 286, sec. 1, p. 960.]
Section 28-46-413 – PAYDAY LOAN BUSINESS PRACTICES.
28-46-413. PAYDAY LOAN BUSINESS PRACTICES. (1) No licensee or person related to a licensee by common control may have outstanding at any time to a single borrower a loan or loans with an aggregate principal balance exceeding one thousand dollars ($1,000), plus allowable fees. (2) A payday lender shall not make a payday loan that […]