Idaho Governor Signs Foreclosure Bill
April 5, 2016
RELATING TO FORECLOSURE; AMENDING SECTION 45-1506, IDAHO CODE, TO PROVIDE THAT A PURCHASER AT A TRUSTEE’S SALE SHALL BE ENTITLED TO DISPOSE OF ANY NONTITLED PERSONAL PROPERTY UNDER CERTAIN CONDITIONS AND TO MAKE TECHNICAL CORRECTIONS.
Be It Enacted by the Legislature of the State of Idaho:
SECTION 1. That Section 45-1506, Idaho Code, be, and the same is hereby amended to read as follows:
45-1506. MANNER OF FORECLOSURE — NOTICE — SALE. (1) A trust deed may be foreclosed in the manner provided in this section.
(2) Subsequent to recording notice of default as hereinbefore provided, and at least one hundred twenty (120) days before the day fixed by the trustee for the trustee’s sale, notice of such sale shall be given by registered or certified mail, return receipt requested, to the last known address of the following persons or their legal representatives, if any:
(a) The grantor in the trust deed and any person requesting notice of record as provided in section 45-1511, Idaho Code.
(b) Any successor in interest of the grantor including, but not limited to, a grantee, transferee or lessee, whose interest appears of record prior to the recording of the notice of default, or where the trustee or the beneficiary has actual notice of such interest.
(c) Any person having a lien or interest subsequent to the interest of the trustee in the trust deed where such lien or interest appears of record prior to the recording of the notice of default, or where the trustee or the beneficiary has actual notice of such lien or interest.
Source: State of Idaho Legislature (SB 1315 full text)