Idaho Statutes

§ 26-3708 — CROSS-COLLATERALIZATION PROHIBITED

Idaho·Title 26 BANKS AND BANKING·Ch. 37 IDAHO CONTINUING-CARE DISCLOSURE ACT
No part of the entrance fee placed in escrow may be pledged by the provider as collateral for the purpose of securing loans for any purpose other than providing for the care of the resident.

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Legislative History

[26-3708, added 2005, ch. 265, sec. 15, p. 822.]

Nearby Sections

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