Idaho § 28-41-102 PURPOSES — RULES OF CONSTRUCTION

Idaho Statutes

§ 28-41-102 — PURPOSES — RULES OF CONSTRUCTION

Idaho § 28-41-102

Title 28COMMERCIAL TRANSACTIONS

Part 1.SHORT TITLE, CONSTRUCTION, GENERAL PROVISIONS

Ch. 41GENERAL PROVISIONS AND DEFINITIONS

This text of Idaho § 28-41-102 (PURPOSES — RULES OF CONSTRUCTION) 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 § 28-41-102 (2026).

Text

(1)This act shall be liberally construed and applied to promote its underlying purposes and policies.

(2)The underlying purposes and policies of this act are:

(a)To simplify, clarify and modernize the law governing installment sales, credit, loans and usury;

(b)To further understanding of the terms of credit transactions and to foster competition among suppliers of credit so that debtors may obtain credit at reasonable cost;

(c)To protect debtors against unfair practices by some suppliers of credit, having due regard for the interests of legitimate and scrupulous creditors;

(d)To permit and encourage the development of fair and economically sound credit practices; and

(e)To conform the regulation of those credit transactions to the policies of the Federal Consumer Credit Protection

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(1) This act shall be liberally construed and applied to promote its underlying purposes and policies.
(2) The underlying purposes and policies of this act are:
(a) To simplify, clarify and modernize the law governing installment sales, credit, loans and usury;
(b) To further understanding of the terms of credit transactions and to foster competition among suppliers of credit so that debtors may obtain credit at reasonable cost;
(c) To protect debtors against unfair practices by some suppliers of credit, having due regard for the interests of legitimate and scrupulous creditors;
(d) To permit and encourage the development of fair and economically sound credit practices; and
(e) To conform the regulation of those credit transactions to the policies of the Federal Consumer Credit Protection Act, where applicable.
(3) A reference to a requirement imposed by this act includes reference to a related rule of the administrator adopted pursuant to this act.