Idaho § 28-45-107 DEFAULT

Idaho Statutes

§ 28-45-107 — DEFAULT

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 1. LIMITATIONS ON CREDITORS’ REMEDIES·Ch. 45 REMEDIES AND PENALTIES

An agreement of the parties to a regulated consumer credit transaction with respect to default on the part of the debtor is enforceable only to the extent that:

(1)The debtor fails to make a payment as required by agreement; or

(2)The prospect of payment, performance, or realization of collateral is significantly impaired; the burden of establishing the prospect of significant impairment is on the creditor.

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An agreement of the parties to a regulated consumer credit transaction with respect to default on the part of the debtor is enforceable only to the extent that:
(1) The debtor fails to make a payment as required by agreement; or
(2) The prospect of payment, performance, or realization of collateral is significantly impaired; the burden of establishing the prospect of significant impairment is on the creditor.

Idaho § 28-45-107 (DEFAULT) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.