Idaho Code
Chapter 5 - VEHICLE TITLES
Section 49-512A - EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE.

49-512A. EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE. Notwithstanding any provision of law to the contrary, a transaction involving a motor vehicle or trailer does not create a sale or security interest merely because the transaction provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon the sale or other disposition of the motor vehicle or trailer.

History:
[49-512A, added 2004, ch. 247, sec. 1, p. 713.]

Structure Idaho Code

Title 49 - MOTOR VEHICLES

Chapter 5 - VEHICLE TITLES

Section 49-501 - TITLING REQUIREMENTS — EXEMPTIONS.

Section 49-501A - APPLICATION TO VESSEL TITLING.

Section 49-502 - DELIVERY OF CERTIFICATE OF TITLE UPON SALE OR DISPOSITION — REASSIGNMENT BY DEALERS.

Section 49-503 - ISSUANCE OF CERTIFICATE OF TITLE REQUISITE TO ACQUISITION OF TITLE — WAIVER OR ESTOPPEL.

Section 49-504 - APPLICATIONS TO DEPARTMENT FOR CERTIFICATES — PROCEDURE — IDENTIFICATION NUMBERS.

Section 49-504A - PENALTY FOR LATE FILING — TRANSFER OF CERTIFICATE OF TITLE — DISPOSITION OF MONEYS.

Section 49-505 - ISSUANCE OF CERTIFICATES OF TITLE BY DEPARTMENT — DELIVERY — ELECTRONIC FILE FOR LIENHOLDERS.

Section 49-506 - DESTRUCTION OF RECORDS.

Section 49-507 - DEPARTMENTAL REGULATIONS FOR TRANSFER OF VEHICLES — APPOINTMENT OF DEPUTIES AND ASSISTANTS.

Section 49-508 - CANCELLATION OF CERTIFICATES OF TITLE — RETURN OF REGISTRATION RECEIPTS AND LICENSE PLATES.

Section 49-509 - STOLEN VEHICLES — REPORTING BY OFFICERS.

Section 49-510 - LIENS AND ENCUMBRANCES — FILING — FEE — NOTATION ON CERTIFICATE — CONSTRUCTIVE NOTICE.

Section 49-511 - CANCELLATION OR DISCHARGE OF LIEN OR ENCUMBRANCE.

Section 49-512 - SECURITY INTERESTS — METHOD OF GIVING CONSTRUCTIVE NOTICE EXCLUSIVE.

Section 49-512A - EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE.

Section 49-513 - SALE OF ENCUMBERED VEHICLE — CONSENT OF LIENHOLDER — EFFECT.

Section 49-514 - TRANSFER OF OWNERSHIP BY OPERATION OF LAW — LIENS — VEHICLES REGISTERED IN FOREIGN STATE — CERTIFICATES OF TITLE.

Section 49-515 - LOST, MUTILATED OR ILLEGIBLE CERTIFICATES — DUPLICATE CERTIFICATES.

Section 49-516 - JUNKED OR CHANGED VEHICLES — CANCELLATION OF CERTIFICATE.

Section 49-517 - PRINTING AND FORM OF CERTIFICATES.

Section 49-518 - ALTERING OR FORGING CERTIFICATE — STOLEN CARS — DESTROYING OR ALTERING ENGINE OR DECAL NUMBER — USE OF FICTITIOUS NAME — FRAUD.

Section 49-519 - OPERATION OF VEHICLE WITHOUT CERTIFICATE OF TITLE — FAILURE TO SURRENDER CERTIFICATE — SALVAGE CERTIFICATE.

Section 49-520 - REFUSAL TO ISSUE CERTIFICATE OF TITLE OR REGISTER VEHICLE — REVOCATION AFTER ISSUANCE OR REGISTRATION.

Section 49-521 - DEALERS IN VEHICLES — RECORDS OF PURCHASES AND SALES — POSSESSION OF CERTIFICATES OF TITLE — FOREIGN VEHICLES.

Section 49-522 - ENDORSEMENT “FOR JUNK ONLY” ON CERTIFICATE WHEN VEHICLE SOLD OR TRANSFERRED — OPERATION PROHIBITED.

Section 49-523 - PROCEDURE WHEN DEPARTMENT UNSATISFIED AS TO OWNERSHIP OR SECURITY INTERESTS — TEMPORARY REGISTRATION PROCEDURE.

Section 49-523A - TITLE STOP WHEN OWNERSHIP OF VEHICLE DISPUTED.

Section 49-524 - SALVAGE CERTIFICATE OF TITLE OR ELECTRONIC FILE TO REPLACE CERTIFICATE OF TITLE OR CERTIFICATE OF ORIGIN ON VEHICLES.

Section 49-525 - SALVAGE-CERTIFIED VEHICLE — BRANDED CERTIFICATE OF TITLE.

Section 49-526 - RELEASE OF LIABILITY UPON SALE OF VEHICLE.

Section 49-527 - PURPOSE OF TRANSITIONAL OWNERSHIP DOCUMENT.

Section 49-528 - CIRCUMSTANCES UNDER WHICH TRANSITIONAL OWNERSHIP DOCUMENT ACCEPTABLE AS EVIDENCE OF OWNERSHIP.

Section 49-529 - MANDATORY REJECTION OR INVALIDATION OF TRANSITIONAL OWNERSHIP DOCUMENT BY DEPARTMENT.

Section 49-530 - DISCRETIONARY REJECTION OR INVALIDATION OF DOCUMENT BY DEPARTMENT.