CROSS-COLLATERALIZATION PROHIBITED.

  1. Law
  2. Idaho Code
  3. BANKS AND BANKING
  4. IDAHO CONTINUING-CARE DISCLOSURE ACT
  5. CROSS-COLLATERALIZATION PROHIBITED.

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26-3708. CROSS-COLLATERALIZATION PROHIBITED. No part of the entrance fee placed in escrow may be pledged by the provider as collateral for the purpose of securing loans for any purpose other than providing for the care of the resident.

History:

[26-3708, added 2005, ch. 265, sec. 15, p. 822.]


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