Idaho § 49-512A EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE

Idaho Statutes

§ 49-512A — EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE

Idaho § 49-512A

Title 49MOTOR VEHICLES

Ch. 5VEHICLE TITLES

This text of Idaho § 49-512A (EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE) 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 § 49-512A (2026).

Text

Notwithstanding any provision of law to the contrary, a transaction involving a motor vehicle or trailer does not create a sale or security interest merely because the transaction provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon the sale or other disposition of the motor vehicle or trailer.

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Notwithstanding any provision of law to the contrary, a transaction involving a motor vehicle or trailer does not create a sale or security interest merely because the transaction provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon the sale or other disposition of the motor vehicle or trailer.