2011 Idaho Code
TITLE 45 LIENS, MORTGAGES AND PLEDGES
CHAPTER 18 AGRICULTURAL COMMODITY DEALER LIENS
45-1807 FILING NOTICE OF DISCHARGE.
TITLE 45
LIENS, MORTGAGES AND PLEDGES
CHAPTER 18
AGRICULTURAL COMMODITY DEALER LIENS
45-1807. Filing notice of discharge. (1) If a notice of lien is filed pursuant to section 45-1804, Idaho Code, and the lienholder subsequently receives full payment, the lienholder shall file with the secretary of state a notice of discharge, signed by the lienholder, declaring that full payment has been received and that the lien is discharged.
(2) Upon receiving the notice, the secretary of state shall enter it in a searchable database kept to record such liens.
(3) If a lienholder, after receiving full payment, fails to file a notice of discharge of the lien within thirty (30) days after being requested in writing to do so, he is liable to the purchaser of the agricultural product for damages in the amount of three hundred dollars ($300).
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
