Idaho § 14-5-1204 INTEREST AND PENALTY FOR FAILURE TO ACT IN TIMELY MANNER

Idaho Statutes

§ 14-5-1204 — INTEREST AND PENALTY FOR FAILURE TO ACT IN TIMELY MANNER

Idaho § 14-5-1204

Title 14ESTATES OF DECEDENTS

Part 12ENFORCEMENT BY ADMINISTRATOR

Ch. 5REVISED UNCLAIMED PROPERTY ACT

This text of Idaho § 14-5-1204 (INTEREST AND PENALTY FOR FAILURE TO ACT IN TIMELY MANNER) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 14-5-1204 (2026).

Text

(1)A holder that fails to report, pay, or deliver property within the time prescribed by this chapter shall pay to the administrator interest at an annual rate of twelve percent (12%) on the property or value of the property from the date the property should have been reported, paid, or delivered to the administrator until the date reported, paid, or delivered.

(2)Except as otherwise provided in section 14-5-1205 or 14-5-1206, Idaho Code, the administrator may require a holder that fails to report, pay, or deliver property within the time prescribed by this chapter to pay to the administrator, in addition to interest included under subsection (1) of this section, a civil penalty of two hundred dollars ($200) for each day the duty is not performed, up to a cumulative maximum amount of fiv

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(1) A holder that fails to report, pay, or deliver property within the time prescribed by this chapter shall pay to the administrator interest at an annual rate of twelve percent (12%) on the property or value of the property from the date the property should have been reported, paid, or delivered to the administrator until the date reported, paid, or delivered.
(2) Except as otherwise provided in section 14-5-1205 or 14-5-1206, Idaho Code, the administrator may require a holder that fails to report, pay, or deliver property within the time prescribed by this chapter to pay to the administrator, in addition to interest included under subsection (1) of this section, a civil penalty of two hundred dollars ($200) for each day the duty is not performed, up to a cumulative maximum amount of five thousand dollars ($5,000).