55-1804A. RIGHT OF RESCISSION. Any contract or agreement of disposition for an interest in subdivided lands may be rescinded by the purchaser without cause by personally delivering or sending by certified mail, a written notice of cancellation to the subdivider on or before 11:59 p.m. of the fifth calendar day after execution of the contract or agreement of disposition. The contract or agreement of disposition shall state this right and terms in boldface type on the signature page and shall include the address of the subdivider.
History:
[55-1804A, added 2010, ch. 214, sec. 5, p. 469.]
Structure Idaho Code
Title 55 - PROPERTY IN GENERAL
Chapter 18 - SALE OR DISPOSITION OF LAND LOCATED OUTSIDE THE STATE
Section 55-1802 - DEFINITIONS.
Section 55-1803 - ADMINISTRATION OF CHAPTER.
Section 55-1804 - PROHIBITIONS ON DISPOSITIONS OF INTERESTS IN SUBDIVISIONS.
Section 55-1804A - RIGHT OF RESCISSION.
Section 55-1806 - APPLICATION FOR REGISTRATION.
Section 55-1807 - PUBLIC OFFERING STATEMENT.
Section 55-1808 - EXAMINATION BY COMMISSION OF APPLICATION FOR REGISTRATION.
Section 55-1809 - NOTICE OF FILING — REGISTRATION — REJECTION OF APPLICATION — FEES.
Section 55-1810 - RENEWAL REPORT — DUTY TO REPORT CONVICTIONS AND JUDGMENTS.
Section 55-1811 - GENERAL POWERS AND DUTIES.
Section 55-1812 - FRAUDULENT PRACTICES.
Section 55-1813 - INVESTIGATIONS AND PROCEEDINGS.
Section 55-1814 - CEASE AND DESIST ORDERS.
Section 55-1816 - JUDICIAL REVIEW.
Section 55-1817 - REAL ESTATE LICENSE REQUIRED.
Section 55-1818 - EXTRADITION.
Section 55-1819 - CIVIL REMEDY.
Section 55-1819A - NONCOMPLIANCE — UNFAIR PRACTICE UNDER THE IDAHO CONSUMER PROTECTION ACT.
Section 55-1820 - JURISDICTION.
Section 55-1821 - SERVICE OF PROCESS.