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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) If a notice of lien is filed pursuant to section 45-1804, Idaho Code, and the lienholder subsequently receives full payment, the lienholder shall file with the secretary of state a notice of discharge, signed by the lienholder, declaring that full payment has been received and that the lien is discharged.
(2) Upon receiving the notice, the secretary of state shall enter it in a searchable database kept to record such liens.
(3) If a lienholder, after receiving full payment, fails to file a notice of discharge of the lien within thirty (30) days after being requested in writing to do so, he is liable to the purchaser of the agricultural product for damages in the amount of three hundred dollars ($300).
Cite this article: FindLaw.com - Idaho Statutes Title 45. Liens, Mortgages and Pledges § 45-1807. Filing notice of discharge - last updated January 01, 2024 | https://codes.findlaw.com/id/title-45-liens-mortgages-and-pledges/id-st-sect-45-1807/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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