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2018 Idaho Statutes
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 43 - REGULATION OF AGREEMENTS AND PRACTICES
Part 3 - LIMITATIONS ON AGREEMENTS AND PRACTICES IN REGULATED CONSUMER CREDIT TRANSACTIONS
Section 28-43-310 - REGULAR SCHEDULE OF PAYMENTS — MAXIMUM LOAN TERM.
Universal Citation: ID Code § 28-43-310 (2018)
28-43-310. REGULAR SCHEDULE OF PAYMENTS — MAXIMUM LOAN TERM. Regulated consumer loans, not made pursuant to open-end credit and in which the principal is one thousand dollars ($1,000) or less, shall be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor, and:
(1) Over a period of not more than thirty-seven (37) months if the principal is more than three hundred dollars ($300), or
(2) Over a period of not more than twenty-five (25) months if the principal is three hundred dollars ($300) or less.
History:
[28-43-310, added 1983, ch. 119, sec. 3, p. 285.]
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