Idaho Preferential Right to Purchase Interest Assigned

State:
Multi-State
Control #:
US-OG-504
Format:
Word; 
Rich Text
Instant download

Description

This is a form addressing Preferential Right to Purchase Interest Assigned. In the event assignee receives a bona fide offer from a third party to purchase all or a part of the interest assigned to assignee in this assignment, and assignee desires to accept the offer,assignee shall notify assignor in writing of the existence of the third party offer.

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FAQ

54-2051. Offers to purchase. (1) A broker or sales associate shall, as promptly as practicable, tender to the seller every written offer to purchase obtained on the real estate involved, up until time of closing.

Judgment rates are rates that are established by judgment of an underwriter rather than by a rating authority.

The state of Idaho imposes a 12 percent limit on interest rates in most cases, although credit cards and other debt products imported from other states may have much higher rates.

A creditor must collect on the debt within five years after a court issues a judgment, although a creditor can renew a judgment for additional five year periods. If the creditor does not collect on or renew the judgment within the five year period, they cannot force the debtor to pay...

28-22-104. LEGAL RATE OF INTEREST. (1) When there is no express con- tract in writing fixing a different rate of interest, interest is allowed at the rate of twelve cents (12¢) on the hundred by the year on: 1.

Under Section 28-22-104 (2), the legal rate of interest on money due on the judgment of any competent court or tribunal is five percent plus the base rate which shall be the weekly average yield on U.S. Treasury securities as determined by Idaho state treasurer.

Calculating interest owed You input the judgment amount, date, and payment history, and the program does all the calculations for you. The calculator has the interest rate set at 10%.

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Idaho Preferential Right to Purchase Interest Assigned