Idaho State Statutes - Idaho Attorney Directory

REQUEST FOR ACCOUNTING -- REQUEST REGARDING LIST OF COLLATERAL
OR STATEMENT OF ACCOUNT. (a) In this section:
(1) "Request" means a record of a type described in paragraph (2), (3) or
(4) of this subsection.
(2) "Request for an accounting" means a record authenticated by a debtor
requesting that the recipient provide an accounting of the unpaid
obligations secured by collateral and reasonably identifying the
transaction or relationship that is the subject of the request.
(3) "Request regarding a list of collateral" means a record authenticated
by a debtor requesting that the recipient approve or correct a list of
what the debtor believes to be the collateral securing an obligation and
reasonably identifying the transaction or relationship that is the subject
of the request.
(4) "Request regarding a statement of account" means a record
authenticated by a debtor requesting that the recipient approve or correct
a statement indicating what the debtor believes to be the aggregate amount
of unpaid obligations secured by collateral as of a specified date and
reasonably identifying the transaction or relationship that is the subject
of the request.
(b) Subject to subsections (c), (d), (e) and (f) of this section, a
secured party, other than a buyer of accounts, chattel paper, payment
intangibles, or promissory notes or a consignor, shall comply with a request
within fourteen (14) days after receipt:
(1) In the case of a request for an accounting, by authenticating and
sending to the debtor an accounting; and
(2) In the case of a request regarding a list of collateral or a request
regarding a statement of account, by authenticating and sending to the
debtor an approval or correction.
(c) A secured party that claims a security interest in all of a
particular type of collateral owned by the debtor may comply with a request
regarding a list of collateral by sending to the debtor an authenticated
record including a statement to that effect within fourteen (14) days after
receipt.
(d) A person that receives a request regarding a list of collateral,
claims no interest in the collateral when it receives the request, and claimed
an interest in the collateral at an earlier time shall comply with the request
within fourteen (14) days after receipt by sending to the debtor an
authenticated record:
(1) Disclaiming any interest in the collateral; and
(2) If known to the recipient, providing the name and mailing address of
any assignee of or successor to the recipient's interest in the
collateral.
(e) A person that receives a request for an accounting or a request
regarding a statement of account, claims no interest in the obligations when
it receives the request, and claimed an interest in the obligations at an
earlier time shall comply with the request within fourteen (14) days after
receipt by sending to the debtor an authenticated record:
(1) Disclaiming any interest in the obligations; and
(2) If known to the recipient, providing the name and mailing address of
any assignee of or successor to the recipient's interest in the
obligations.
(f) A debtor is entitled without charge to one (1) response to a request
under this section during any six (6) month period. The secured party may
require payment of a charge not exceeding twenty-five dollars ($25.00) for
each additional response.

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