Title 45 — LIENS, MORTGAGES AND PLEDGES

45-1206. Payoffs prior to effective date. The reconveyance procedure prescribed in sections 45-1201 through 45-1205, Idaho Code, shall apply to obligations secured by trust deeds that were paid either prior to or following the effective date of this section.

45-1302. Determination of all rights upon foreclosure proceedings. In any suit brought to foreclose a mortgage or lien upon real property or a lien on or security interest in personal property, the plaintiff, cross-complainant or plaintiff in intervention may make as party defend…

45-1303. Validation of former proceedings to quiet title. All proceedings heretofore taken in any suit for the foreclosure of a mortgage or lien upon real property, and all judgments and decrees made, filed and docketed under such proceedings, and wherein the plaintiff, cross-com…

45-1502. Definitions — Trustee’s charge. As used in this act: (1) "Beneficiary" means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or his successor in interest, and who shall not be the trustee. (2) "Grantor" mean…

45-1503. Transfers in trust to secure obligation — Foreclosure. (1) Transfers in trust of any estate in real property as defined in section 45-1502(5), Idaho Code, may hereafter be made to secure the performance of an obligation of the grantor or any other person named in the dee…

45-1504. Trustee of trust deed — Who may serve — Successors. (1) The trustee of a trust deed under this act shall be: (a) Any member of the Idaho state bar; (b) Any bank or savings and loan association authorized to do business under the laws of Idaho or the United States; (c) An…

45-1505. Foreclosure of trust deed, when. The trustee may foreclose a trust deed by advertisement and sale under this act if: (1) The trust deed, any assignments of the trust deed by the trustee or the beneficiary and any appointment of a successor trustee are recorded in mortgag…

45-1506. Manner of foreclosure — Notice — Sale. (1) A trust deed may be foreclosed in the manner provided in this section. (2) Subsequent to recording notice of default as hereinbefore provided, and at least one hundred twenty (120) days before the day fixed by the trustee for th…

45-1506A. Rescheduled sale — Original sale barred by stay — Notice of rescheduled sale. (1) In the event a sale cannot be held at the time scheduled by reason of automatic stay provisions of the U.S. bankruptcy code (11 U.S.C. 362), or a stay order issued by any court of competen…

45-1506B. Postponement of sale — Intervention of stay. (1) If a stay as set out in subsection (1) of section 45-1506A, Idaho Code, which would otherwise have stopped a foreclosure sale is terminated or lifted prior to the date of sale, then any person having a right to reinstate …

45-1506C. supplemental notice — opportunity to request LOAN modification. (1) In the case of a loan made by a state or federally regulated beneficiary, which loan is secured by a deed of trust encumbering a borrower’s primary residential property for any noncommercial loan, the n…

45-1507. Proceeds of sale — Disposition. The trustee shall apply the proceeds of the trustee’s sale as follows: (1) To the expenses of the sale, including a reasonable charge by the trustee and a reasonable attorney’s fee. (2) To the obligation secured by the trust deed. (3) To a…

45-1508. Finality of sale. A sale made by a trustee under this act shall foreclose and terminate all interest in the property covered by the trust deed of all persons to whom notice is given under section 45-1506, Idaho Code, and of any other person claiming by, through or under …

45-1509. Trustee’s deed — Form and contents. (1) The trustee’s deed to the purchaser at the trustee’s sale under this act shall conform to the requirements of subsection (2) of this section. (2) The trustee’s deed shall contain, in addition to a description of the property convey…

45-1510. Trustee’s deed — Recording — Effect. (1) When the trustee’s deed is recorded in the deed records of the county where the property described in the deed is located, the recitals contained in the deed and in the affidavits required under section 45-1506(7), Idaho Code, sha…

45-1511. Request for copy of notice of default or notice of sale — Marginal recordation thereof. Any person desiring a copy of any notice of default or any notice of sale under a deed of trust, as hereinbefore provided, at any time subsequent to the recordation of such deed of tr…

45-1512. Money judgment — Action seeking balance due on obligation. At any time within 3 months after any sale under a deed of trust, as hereinbefore provided, a money judgment may be sought for the balance due upon the obligation for which such deed of trust was given as securit…

45-1513. Transfers and trusts are conveyances. A deed of trust or transfer of any interest in real property in trust to secure the performance of any obligation shall be a conveyance of real property.

45-1514. Reconveyance upon satisfaction of obligation. Upon performance of the obligation secured by the deed of trust, the trustee upon written request of the beneficiary shall reconvey the estate of real property described in the deed of trust to the grantor; providing that in …

45-1515. Time limits for foreclosure. The foreclosure of a trust deed by advertisement and sale shall be made and the foreclosure of a trust deed by judicial procedure shall be commenced within the time limited by the same period and according to the same provisions including ext…

45-1601. Legislative findings. The legislature finds that some persons and businesses are engaging in patterns of conduct that defraud innocent homeowners of their title, equity interest, or other value in residential dwellings under the guise of stopping or postponing a foreclos…

45-1602. Contract notice. (1) During the foreclosure period described in section 45-1506, Idaho Code, any contract or agreement with the owner or owners of record that involves the transfer of any interest in residential real property, as defined in section 45-525(5)(b), Idaho Co…

45-1603. Right of rescission of contract. (1) In addition to any other legal right to cancel or rescind a contract, any person whose property is in foreclosure as described in section 45-1505, Idaho Code, has the right to cancel or rescind any and all contracts or agreements rela…

45-1604. Exclusions. The provisions of this chapter shall not apply to: (1) Regulated lenders, as defined in section 28-41-301, Idaho Code; (2) Any person licensed or chartered under the laws of any state or of the United States as a bank, trust company, savings and loan associat…

45-1605. Penalties. In addition to any other penalty provided by law, any person who violates the provisions of this chapter shall be liable for penalties and damages in accordance with chapter 6, title 48, Idaho Code.

45-1801. Definitions. As used in this chapter: (1) "Agricultural product" means wheat, corn, oats, barley, rye, lentils, soybeans, grain sorghum, dry beans and peas, beans, safflower, sunflower seeds, tame mustards, rapeseed, flaxseed, leguminous seed or other small seed, or any …

45-1802. Lien created — Who may have. An agricultural commodity producer or an agricultural commodity dealer who sells, or delivers under contract or bailment, an agricultural product has a lien on the agricultural product or the proceeds of the sale of the agricultural product a…

45-1803. When lien attaches. The lien created by section 45-1802, Idaho Code, attaches to the agricultural product and to the proceeds of the subsequent sale of the agricultural product on the date the agricultural product is physically delivered to the purchaser or on the date a…

45-1804. Duration of lien — Notice of lien. (1) The lien provided for by section 45-1802, Idaho Code, remains in effect for a period of one hundred eighty (180) days after the date of attachment, except as provided in subsection (2) of this section. (2) The lien provided for by s…

45-1805. Priority of lien. The lien created by section 45-1802, Idaho Code, is preferred to a lien or security interest in favor of a creditor of the purchaser, regardless of whether the creditor’s lien or security interest attaches to the agricultural product or proceeds of the …

45-1806. Discharge of lien. The lien created by section 45-1802, Idaho Code, is discharged when the lienholder receives full payment for the agricultural product. If payment is received in the form of a negotiable instrument, full payment is received when the negotiable instrumen…

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 t…

45-1808. Form of filing with secretary of state — Fees. The secretary of state shall prescribe the form of the filing provided for by sections 45-1804 and 45-1807, Idaho Code. The fee for the filing provided for by section 45-1804, Idaho Code shall be five dollars ($5.00). The fe…

45-1809. Joinder of actions — Filing fees as costs — Attorney’s fees. Any number of persons claiming liens against the same property under this chapter may join in the same action, and when separate actions are commenced, the court may consolidate them. The court shall also, as p…

45-1810. Transition from county filing to filing with the secretary of state. All liens created by this chapter on and after July 1, 2000, shall be filed with the secretary of state. All rights and duties obtained by secured parties pursuant to this chapter before July 1, 2000, s…

45-1901. Purpose and scope. (1) The purpose of this chapter is to provide a system for filing notices of liens in favor of or enforced by the state of Idaho with the office of the secretary of state. (2) The scope of this chapter is limited to liens in the real and personal prope…

45-1902. Definitions. (1) "Debtor" means a taxpayer or other person against whom there is a final unpaid tax assessment collectible by the state tax commission, a person against whom the department of labor has a lien for a wage claim, unpaid contributions or overpayment of benef…

45-1903. Creation of lien — Attachment. Creation and attachment of liens for which notices are filed pursuant to this chapter are governed by the provisions of chapter 6 of title 45, title 63, chapter 13 of title 72, chapter 12 of title 7, and chapter 2 of title 56, Idaho Code.

45-1904. Notice of lien — Content — Delivery. (1) The notice of lien shall include: (a) The name and last known address of the debtor; (b) The name and address of the filing agency; (c) The basis for the lien, including, but not limited to, income tax, sales tax, employment secur…

45-1905. Effect of notice — Priority. (1) When a notice of lien is filed, the state lien is perfected in all of the existing and after-acquired property of the debtor, both real and personal, tangible and intangible, to which the lien attaches pursuant to the relevant provisions …

45-1906. Duration of notice — Lapse — Continuation. (1) Except as provided in subsection (2) of this section, a notice of lien is effective for a period of five (5) years from the date of filing, unless sooner released by the filing agency. Effectiveness of the notice of lien lap…

45-1907. Amendment of notice of lien. (1) The filing agency may amend a notice of lien in any respect by filing a notice of amendment with the secretary of state. (2) The notice of amendment shall identify the notice of lien to which it relates, and it shall include such informat…

45-1908. Duty of filing agency to release upon satisfaction. (1) Except as to a state lien for child support delinquency, when a state lien has been satisfied, the filing agency shall, within thirty (30) days after satisfaction, file with the secretary of state a notice of releas…

45-1909. Duties of secretary of state. (1) The secretary of state shall maintain notices of state lien in his information management system in a form that permits them to be reduced to written form. (2) The secretary of state will provide information concerning state liens on the…

45-1910. Effective date and transition. (1) This chapter shall be in full force and effect for all notices of state lien which are filed on or after July 1, 1998. (2) Except for notices of state lien for child support delinquency, the transition period for filing notices of state…