55-1812. FRAUDULENT PRACTICES. It shall be a fraudulent practice and it shall be unlawful:
(1) For any person knowingly to subscribe to or make or cause to be made any materially false statement or representation in any application, financial statement or other document or statement required to be filed under any provision of this chapter, or to omit to state any material statement or fact in any such document or statement that is necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading;
(2) For any person, in connection with the offer or disposition of subdivided lands, directly or indirectly, to employ any device, scheme or artifice to defraud;
(3) For any person, in connection with the offer or disposition of subdivided lands, directly or indirectly, to make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or
(4) For any person, in connection with the offer or disposition of subdivided lands, directly or indirectly, to engage in any act, practice or course of business that operates or would operate as a fraud or deception upon purchasers or the public.
History:
[55-1812, added 1972, ch. 276, sec. 12, p. 667; am. 2010, ch. 214, sec. 13, p. 477.]
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.