48-603F. MORTGAGE LOAN MODIFICATION FEES. (1) For purposes of this section, unless the context otherwise requires:
(a) "Fee" means any item of value including, but not limited to, goods or services.
(b) "Loan modification activities" is defined in section 26-31-201(3), Idaho Code.
(2) Charging or collecting any fee in connection with mortgage loan modification activities shall constitute a violation of the Idaho consumer protection act, unless the person charging or collecting such fees is licensed pursuant to chapter 20, title 54, Idaho Code, or licensed, exempt or excluded from licensing pursuant to part 2 or 3, chapter 31, title 26, Idaho Code.
History:
[48-603F, added 2011, ch. 323, sec. 3, p. 944.]
Structure Idaho Code
Title 48 - MONOPOLIES AND TRADE PRACTICES
Chapter 6 - CONSUMER PROTECTION ACT
Section 48-601 - SHORT TITLE AND PURPOSE.
Section 48-603 - UNFAIR METHODS AND PRACTICES.
Section 48-603A - UNFAIR SOLICITATION PRACTICES.
Section 48-603B - UNFAIR TAX RETURN PREPARATION PRACTICES.
Section 48-603C - UNCONSCIONABLE METHODS, ACTS OR PRACTICES.
Section 48-603E - UNFAIR BULK ELECTRONIC MAIL ADVERTISEMENT PRACTICES.
Section 48-603F - MORTGAGE LOAN MODIFICATION FEES.
Section 48-603G - CANCELLATION OF SUBSCRIPTIONS.
Section 48-604 - INTENT OF LEGISLATURE — ATTORNEY GENERAL TO MAKE RULES AND REGULATIONS.
Section 48-605 - EXCEPTIONS TO CHAPTER.
Section 48-606 - PROCEEDINGS BY ATTORNEY GENERAL.
Section 48-607 - ADDITIONAL RELIEF BY COURT AUTHORIZED.
Section 48-608 - LOSS FROM PURCHASE OR LEASE — ACTUAL AND PUNITIVE DAMAGES.
Section 48-610 - VOLUNTARY COMPLIANCE — DISTRICT COURT APPROVAL.
Section 48-611 - INVESTIGATIVE DEMAND BY ATTORNEY GENERAL — REPORT REQUIRED.
Section 48-612 - ADDITIONAL POWERS OF ATTORNEY GENERAL.
Section 48-613 - SERVICE OF NOTICE.
Section 48-614 - FAILURE TO OBEY ATTORNEY GENERAL — APPLICATION TO DISTRICT COURT.
Section 48-615 - VIOLATION OF INJUNCTION — CIVIL PENALTY.
Section 48-616 - FORFEITURE OF CORPORATE FRANCHISE.
Section 48-617 - LOCAL LAW ENFORCEMENT OFFICIALS — DUTIES.