28-43-308. REFERRAL SALES. With respect to a regulated consumer credit sale, the seller may not give or offer to give a rebate or discount or otherwise pay or offer to pay value to the debtor as an inducement for a sale for the debtor giving to the seller the names of prospective buyers, or otherwise aiding the seller in making a sale to another person, if the earning of the rebate, discount, or other value is contingent upon the occurrence of an event after the time the debtor agrees to buy. If a debtor is induced by a violation of this section to enter into a regulated consumer credit sale, the agreement is unenforceable by the seller and the debtor, at his option, may rescind the agreement or retain the property delivered and the benefit of any services performed, without any obligation to pay for them.
History:
[28-43-308, added 1983, ch. 119, sec. 3, p. 285.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 43 - REGULATION OF AGREEMENTS AND PRACTICES
Part 3 - LIMITATIONS ON AGREEMENTS AND PRACTICES IN REGULATED CONSUMER CREDIT TRANSACTIONS
Section 28-43-301 - SECURITY IN SALES.
Section 28-43-302 - CROSS-COLLATERAL.
Section 28-43-303 - DEBT SECURED BY CROSS-COLLATERAL.
Section 28-43-304 - NO ASSIGNMENT OF EARNINGS.
Section 28-43-305 - AUTHORIZATION TO CONFESS JUDGMENT PROHIBITED.
Section 28-43-306 - CERTAIN NEGOTIABLE INSTRUMENTS PROHIBITED.
Section 28-43-307 - BALLOON PAYMENTS.
Section 28-43-308 - REFERRAL SALES.
Section 28-43-309 - RESTRICTIONS ON INTEREST IN LAND AS SECURITY.
Section 28-43-310 - REGULAR SCHEDULE OF PAYMENTS — MAXIMUM LOAN TERM.