Idaho Code § 28-43-309

Current through the 2024 Regular Session
Section 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.

Idaho Code § 28-43-309

[28-43-309, added 1983, ch. 119, sec. 3, p. 285.]