Idaho State Statutes - Idaho Attorney Directory

(1) Except as provided in subsection (2) of
this section, if any scheduled payment of a regulated consumer credit
transaction is more than twice as large as the average of earlier scheduled
payments, the debtor has the right to refinance, without penalty, the amount
of that payment at the time it is due. The terms of the refinancing shall be
no less favorable to the debtor than the terms of the original transaction.
(2) This section does not apply to:
(a) A transaction pursuant to open-end credit;
(b) A transaction to the extent that the payment schedule is adjusted to
the seasonal or irregular income or scheduled payments or obligations of
the debtor;
(c) A transaction of a class defined by rule of the administrator as not
requiring for the protection of the debtor his right to refinance as
provided in this section; or
(d) A transaction secured by a second deed of trust or mortgage on a one
(1) to four (4) family dwelling occupied by the debtor.

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