Idaho § 28-45-107 DEFAULT

Idaho Statutes

§ 28-45-107 — DEFAULT

Idaho § 28-45-107

Title 28COMMERCIAL TRANSACTIONS

Part 1.LIMITATIONS ON CREDITORS’ REMEDIES

Ch. 45REMEDIES AND PENALTIES

This text of Idaho § 28-45-107 (DEFAULT) 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 § 28-45-107 (2026).

Text

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.