Idaho Code
Idaho Code

Idaho Code § 41-722 (2026)

Mortgage loan limited by property value. 

✓ current as of May 2026
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Mortgage loan limited by property value. 

(1) No commercial or residential mortgage loan or investment therein upon any one (1) parcel of real property shall exceed in amount, at the time of acquisition, eighty percent (80%) of the fair value of the property and the loan is required to be amortized within not more than thirty (30) years by payment of installments of principal and interest thereon at regular intervals not less frequent than every year.

(2)  The extent to which a mortgage loan made under subsection (3) or (4) of section 41-721, Idaho Code, is guaranteed by the administrator of veterans affairs may be deducted before application of the limitations contained in subsection (1) of this section.
Notes of Decisions
Cited in 3 cases, 2005–2012 · leading case: Hayden Lake Fire Prot. Dist. v. Alcorn, 111 P.3d 73 (Idaho 2005).
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Hayden Lake Fire Prot. Dist. v. Alcorn, 111 P.3d 73 (Idaho 2005). · cites it 4× “following real estate only: (a) land and buildings used for home office purposes ____ (f) real estate for the production of income, under lease, or being constructed under a definite agreement providing for lease____” Subsection (3) provides “An insurer may lease to others part…”
Farber v. Idaho State Ins. Fund, 272 P.3d 467 (Idaho 2012). · cites it 2× “We note also that the reasoning of Hayden Lake I does not extend to this case because the statutes at issue in that case were not necessary and integral components of the contract at issue. The Court’s statute of limitation holding in Hayden Lake I dealt solely with real…”
Randolph E. Farber v. Idaho State Ins. Fund (Idaho 2012). · cites it 2× “at 7 We note also that the reasoning of Hayden Lake I does not extend to this case because the statutes at issue in that case were not necessary and integral components of the contract at issue.”
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