Statutes > 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 > 28-43-309 RESTRICTIONS ON INTEREST IN LAND AS SECURITY.

28-43-309 RESTRICTIONS ON INTEREST IN LAND AS SECURITY.

TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 43

REGULATION OF AGREEMENTS AND PRACTICES

PART 3.

LIMITATIONS ON AGREEMENTS AND PRACTICES IN REGULATED CONSUMER CREDIT TRANSACTIONS

28-43-309. Restrictions on interest in land as security. With respect to a regulated consumer loan in which the principal is one thousand dollars ($1,000) or less, a regulated lender may not contract for an interest in land as security. A security interest taken in violation of this section is void.