{"data":{"id":"us-id/idaho-code-26-31-109","jurisdiction":"us-id","citation":"Idaho Code § 26-31-109","heading":"MORTGAGE RECOVERY FUND.","body":"(1) There is hereby created in the state treasury the mortgage recovery fund.\n(2) As provided in section 26-31-112, Idaho Code, the mortgage recovery fund shall be used to reimburse persons to whom an Idaho court awards actual damages resulting from acts constituting violations of this chapter by a mortgage broker, mortgage lender or mortgage loan originator who was licensed, or required to be licensed, under this chapter at the time that the act was committed.\n(3) A recovery from the mortgage recovery fund shall not include punitive damages awarded by a court.\n(4) Payments from the mortgage recovery fund may not be made to:\n(a) Any lender whose acts, or the acts of its agent, were found by a court to be violations of this chapter and a basis of the court’s award of a money judgment to a person injured by such violations;\n(b) Any person who acquires a mortgage loan where acts associated with the origination of such loan are found by a court to be violations of this chapter and a basis for a judgment obtained by a person injured by such violations; or\n(c) The spouse, the personal representative of the spouse of the judgment debtor or the personal representative of the judgment debtor.","path":["TITLE 26 BANKS AND BANKING","CHAPTER 31 IDAHO RESIDENTIAL MORTGAGE PRACTICES ACT","PART 1. GENERAL PROVISIONS"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title26/t26ch31/sect26-31-109/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:07Z","sha256":"f9410bdb7d3daec359a4b1417f0ae9e2bd1555a2a658a90536fdf9fc0c95e71d","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-26-31-108","next":"us-id/idaho-code-26-31-110"},"notice":"GroundRules: Original legal text. Not legal advice."}