6-108. DEFICIENCY JUDGMENTS — AMOUNT RESTRICTED. No court in the state of Idaho shall have jurisdiction to enter a deficiency judgment in any case involving a foreclosure of a mortgage on real property in any amount greater than the difference between the mortgage indebtedness, as determined by the decree, plus costs of foreclosure and sale, and the reasonable value of the mortgaged property, to be determined by the court in the decree upon the taking of evidence of such value.
History:
[6-108, added 1933, ch. 150, sec. 1, p. 229.]
Structure Idaho Code
Title 6 - ACTIONS IN PARTICULAR CASES
Chapter 1 - FORECLOSURE OF MORTGAGES AND OTHER LIENS
Section 6-102 - DISPOSITION OF SURPLUS MONEY.
Section 6-103 - PARTIAL SALES.
Section 6-104 - MORTGAGE NOT A CONVEYANCE.
Section 6-105 - EXECUTION UNDER FORECLOSURE ON PROPERTY IN MORE THAN ONE COUNTY.
Section 6-106 - DUTY OF CLERK ON RETURN OF EXECUTION.