Section 45-1603 – RIGHT OF RESCISSION OF CONTRACT.
45-1603. RIGHT OF RESCISSION OF CONTRACT. (1) In addition to any other legal right to cancel or rescind a contract, any person whose property is in foreclosure as described in section 45-1505, Idaho Code, has the right to cancel or rescind any and all contracts or agreements relating to such property entered into during the […]
Section 45-1604 – EXCLUSIONS.
45-1604. EXCLUSIONS. The provisions of this chapter shall not apply to: (1) Regulated lenders, as defined in section 28-41-301, Idaho Code; (2) Any person licensed or chartered under the laws of any state or of the United States as a bank, trust company, savings and loan association, credit union, or industrial loan company. The terms […]
Section 45-1605 – PENALTIES.
45-1605. PENALTIES. In addition to any other penalty provided by law, any person who violates the provisions of this chapter shall be liable for penalties and damages in accordance with chapter 6, title 48, Idaho Code. History: [45-1605, added 2008, ch. 192, sec. 1, p. 603.]
Section 45-1602 – CONTRACT NOTICE.
45-1602. CONTRACT NOTICE. (1) During the foreclosure period described in section 45-1506, Idaho Code, any contract or agreement with the owner or owners of record that involves the transfer of any interest in residential real property, as defined in section 45-525(5)(b), Idaho Code, subject to foreclosure must be in writing and must be accompanied by […]
Section 45-1601 – LEGISLATIVE FINDINGS.
45-1601. LEGISLATIVE FINDINGS. The legislature finds that some persons and businesses are engaging in patterns of conduct that defraud innocent homeowners of their title, equity interest, or other value in residential dwellings under the guise of stopping or postponing a foreclosure sale. The legislature also finds this activity to be contrary to the public policy […]