Idaho Statutes
pecnv.out

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 45
REMEDIES AND PENALTIES
PART 1.
LIMITATIONS ON CREDITORS’ REMEDIES
28-45-107.  Default. 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.

History:
[28-45-107, added 1983, ch. 119, sec. 3, p. 296.]


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