Idaho § 28-45-402 DISCLOSURE VIOLATIONS

Idaho Statutes

§ 28-45-402 — DISCLOSURE VIOLATIONS

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 4. CRIMINAL PENALTIES·Ch. 45 REMEDIES AND PENALTIES

(1)A person is guilty of a misdemeanor and upon conviction may be sentenced to pay a fine not exceeding five thousand dollars ($5,000), or to imprisonment not exceeding one (1) year, or both, if he willfully and knowingly:

(a)Gives false or inaccurate information or fails to provide information which he is required to disclose under the Federal Consumer Credit Protection Act;

(b)Uses any rate table or chart, the use of which is authorized by the provisions of the Federal Consumer Credit Protection Act, in a manner which consistently understates the annual percentage rate determined according to those provisions; or

(c)Otherwise fails to comply with any requirement of the provisions on disclosure of the Federal Consumer Credit Protection Act.

(2)The criminal liability of a person under

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(1) A person is guilty of a misdemeanor and upon conviction may be sentenced to pay a fine not exceeding five thousand dollars ($5,000), or to imprisonment not exceeding one (1) year, or both, if he willfully and knowingly:
(a) Gives false or inaccurate information or fails to provide information which he is required to disclose under the Federal Consumer Credit Protection Act;
(b) Uses any rate table or chart, the use of which is authorized by the provisions of the Federal Consumer Credit Protection Act, in a manner which consistently understates the annual percentage rate determined according to those provisions; or
(c) Otherwise fails to comply with any requirement of the provisions on disclosure of the Federal Consumer Credit Protection Act.
(2) The criminal liability of a person under this section is in lieu of and not in addition to his criminal liability under the Federal Consumer Credit Protection Act; no prosecution of a person with respect to the same violation may be maintained pursuant to both this section and the Federal Consumer Credit Protection Act.

Idaho § 28-45-402 (DISCLOSURE VIOLATIONS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.