26-3708. CROSS-COLLATERALIZATION PROHIBITED. No part of the entrance fee placed in escrow may be pledged by the provider as collateral for the purpose of securing loans for any purpose other than providing for the care of the resident.
History:
[26-3708, added 2005, ch. 265, sec. 15, p. 822.]
Structure Idaho Code
Chapter 37 - IDAHO CONTINUING-CARE DISCLOSURE ACT
Section 26-3701 - SHORT TITLE.
Section 26-3702 - STATEMENT OF PURPOSE.
Section 26-3703 - DEFINITIONS.
Section 26-3704 - REGISTRATION — ANNUAL FEE.
Section 26-3705 - DISCLOSURE STATEMENT OF FINANCIAL RESPONSIBILITY.
Section 26-3706 - SPECIFICATION FOR RESIDENCE CONTRACTS.
Section 26-3707 - ESCROW — TRUST — SURETY BOND — COLLECTION OF DEPOSITS.
Section 26-3708 - CROSS-COLLATERALIZATION PROHIBITED.
Section 26-3710 - CIVIL LIABILITY.
Section 26-3711 - INJUNCTIONS.
Section 26-3712 - DENIAL, SUSPENSION, REVOCATION OF REGISTRATION — GROUNDS.