Idaho State Statutes - Idaho Attorney Directory

DUTIES OF SECURED PARTY IF ACCOUNT DEBTOR HAS BEEN NOTIFIED OF
ASSIGNMENT. (a) Except as otherwise provided in subsection (c), this section
applies if:
(1) There is no outstanding secured obligation; and
(2) The secured party is not committed to make advances, incur
obligations, or otherwise give value.
(b) Within ten (10) days after receiving an authenticated demand by the
debtor, a secured party shall send to an account debtor that has received
notification of an assignment to the secured party as assignee under section
28-9-406(a) an authenticated record that releases the account debtor from any
further obligation to the secured party.
(c) This section does not apply to an assignment constituting the sale of
an account, chattel paper or payment intangible.

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