In 2006, the Idaho Legislature passed the Idaho Title Loan behave as a right component of this Idaho Credit Code.

In 2006, the Idaho Legislature passed the Idaho Title Loan behave as a right component of this Idaho Credit Code.

The Act states that most conditions associated with the Idaho Credit Code associated with consumer that is regulated pertains to title loans in Idaho too. Under this legislation, name loans created by an Idaho lender without first having obtained a regulated loan provider license are void, that is the best thing for customers who’ve been tricked into taking out fully high interest loans with a loan provider who’s maybe maybe maybe not legit.

The law does not go very far in helping to protect Idaho residents from potentially losing their vehicle to title lenders while this is a step in the right direction. Read more