Idaho Statutes

                                  TITLE  45
                         LIENS, MORTGAGES AND PLEDGES
                                  CHAPTER 16
                     CONSUMER FORECLOSURE PROTECTION ACT
    45-1602.  CONTRACT NOTICE. (1) During the foreclosure period described in
section 45-1506, Idaho Code, any contract or agreement with the owner or
owners of record that involves the transfer of any interest in residential
real property, as defined in section 45-525(5)(b), Idaho Code, subject to
foreclosure must be in writing and must be accompanied by and affixed to the
following notice in twelve (12) point boldface type and on a separate sheet of
canary yellow or some similarly colored yellow paper no smaller than eight and
one-half (8 1/2) inches by eleven (11) inches:

                        "NOTICE REQUIRED BY IDAHO LAW

    Mortgage foreclosure is a legal proceeding where a lender terminates
    a borrower's interest in property to satisfy unpaid debt secured by
    the property. This can mean that when a homeowner gets behind on his
    or her mortgage payments, the lender forces a sale of the home on
    which the mortgage loan is based. Some individuals or businesses may
    say they can "save" your home from foreclosure. You should be
    cautious about such claims.  It is important that you understand all
    the terms of a plan to "rescue" you from mortgage foreclosure and how
    it will affect you. It may result in your losing valuable equity that
    you may have in your home. If possible, you should consult with an
    attorney or financial professional to find out what other options you
    may have. Do not delay seeking advice, because the longer you wait,
    the fewer options you may have.

    You may find helpful information online.  One excellent source is the
    Department of Housing and Urban Development (HUD) website which can
    be found at "http://www.hud.gov/foreclosure/index.cfm". HUD also
    maintains on its website a list of approved housing counselors who
    can provide free information to assist homeowners with financial
    problems. Another good source of information is found at the Office
    of the Attorney General's website at "http://www2.state.id.us/ag/".

    Under Idaho law, you have five (5) days to rescind or undo certain
    contracts or agreements that relate to transferring interests in
    property or money in a foreclosure situation.  An attorney or
    financial professional can tell you more about this option.".

    (2)  If during the foreclosure period described in section 45-1506, Idaho
Code, any contract or agreement that involves the transfer of any interest in
residential real property, as defined in section 45-525(5)(b), Idaho Code, was
solicited, negotiated, or represented to the consumer in the Spanish language,
the written notice to be provided to the consumer and set forth in this
section shall be in the Spanish language on a form to be prepared and made
available by the office of the attorney general.

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