28-41-108. TRANSACTIONS SUBJECT TO ACT BY AGREEMENT. Parties to a credit transaction or modification thereof that is not a regulated consumer credit transaction, as defined in section 28-41-301, Idaho Code, may agree in a writing signed by them that the transaction is subject to the provisions of this act applying to regulated consumer credit transactions. If the parties so agree, the transaction is a regulated consumer credit transaction for the purposes of this act.
History:
[28-41-108, added 1983, ch. 119, sec. 3, p. 266; am. 2013, ch. 54, sec. 10, p. 120.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 41 - GENERAL PROVISIONS AND DEFINITIONS
Part 1 - SHORT TITLE, CONSTRUCTION, GENERAL PROVISIONS
Section 28-41-101 - SHORT TITLE.
Section 28-41-102 - PURPOSES — RULES OF CONSTRUCTION.
Section 28-41-103 - SUPPLEMENTARY GENERAL PRINCIPLES OF LAW APPLICABLE.
Section 28-41-104 - CONSTRUCTION AGAINST IMPLICIT REPEAL.
Section 28-41-105 - SEVERABILITY.
Section 28-41-106 - WAIVER — AGREEMENT TO FORGO RIGHTS — SETTLEMENT OF CLAIMS.
Section 28-41-107 - EFFECT OF ACT ON POWERS OF ORGANIZATIONS.
Section 28-41-108 - TRANSACTIONS SUBJECT TO ACT BY AGREEMENT.