Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

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TITLE 26
BANKS AND BANKING
CHAPTER 31
IDAHO RESIDENTIAL MORTGAGE PRACTICES ACT
PART 2.
PROVISIONS APPLICABLE TO MORTGAGE BROKERS AND MORTGAGE LENDERS
26-31-214.  Notice of Transfer. Except as otherwise provided for in the truth in lending act, the real estate settlement procedures act, regulation X, or regulation Z, a mortgage lender shall provide notice to the borrower within fifteen (15) days after any sale or assignment of the borrower’s residential mortgage loan to another person wherein the mortgage lender does not retain the loan servicing. A mortgage lender purchasing or receiving assignment of a residential mortgage loan with servicing shall provide to the borrower within thirty (30) days a written statement describing policies relating to the reserve account.

History:
[26-31-214, added 2020, ch. 100, sec. 11, p. 269.]


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