Regulated consumer loans, not made pursuant to open-end credit and in which the principal is one thousand dollars ($1,000) or less, shall be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor, and:
(1) Over a period of not more than thirty-seven (37) months if the principal is more than three hundred dollars ($300), or

Terms Used In Idaho Code 28-43-310

  • Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) Source: OCC
(2) Over a period of not more than twenty-five (25) months if the principal is three hundred dollars ($300) or less.