Idaho § 43-2002 - Application for release of first mortgage - Contents
Full text of Idaho Idaho Statutes § 43-2002 — Application for release of first mortgage - Contents, with citation guidance and answers to common questions.
§ 43-2002. Application for release of first mortgage - Contents
Application for release of first mortgages owned by the state of Idaho shall be filed with the director of the department of finance of the state of Idaho and shall be in such form and shall contain such information as the state board of land commissioners shall by rule provide. Every application shall contain the following information:
(a) The name of the irrigation or drainage district, its general location and its officers.
(b) The total acreage in the district.
(c) The total outstanding obligations of the district including the following:
(1) Bonds.
(2) Warrants.
(3) Interest on bond.
(4) Interest on warrants.
(5) Interest on bond coupons.
(6) Obligations outstanding for which warrants have not been issued.
(d) The assessment per acre for three (3) years prior to the date of the application itemized as follows:
(1) Current expense.
(2) Warrant redemption.
(3) Bond interest and sinking fund.
(e) The complete plan for refinancing and dissolution of the district.
(f) A description and the acreage of the property covered by the mortgage for which application for release is made, and a true and correct valuation thereof.
(g) The amount due on the mortgage sought to be released.
(h) The total amount and amount per acre required to retire the outstanding indebtedness of the district in which the land is situated.
(i) The term for which said prior lien shall extend, the annual rate of interest and the basis for retirement.
(j) Any other liens or encumbrances against said property and the amount of each.
(k) The name of the applicant, his residence or place of business (if a corporation, its officers and managing agent).
(l) Such other information as the board shall desire.
(m) Said application shall be verified by the oath of the applicant.
[43-2002, added 1933, ch. 194, sec. 2, p. 385; am. 1969, ch. 466, sec. 7, p. 1326; am. 1974, ch. 24, sec. 90, p. 744.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 43-2002
What does Idaho Statutes § 43-2002 cover?
Section 43-2002 ("Application for release of first mortgage - Contents") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 43-2002?
A common citation format is "Idaho Statutes § 43-2002" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 43-2002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.