RESTRICTIONS ON INTEREST IN LAND AS SECURITY

Idaho Code § 28-43-309, under REGULATION OF AGREEMENTS AND PRACTICES.

Idaho Code § 28-43-309

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.