Idaho § 45-1507 - Proceeds of sale - Disposition
Full text of Idaho Idaho Statutes § 45-1507 — Proceeds of sale - Disposition, with citation guidance and answers to common questions.
§ 45-1507. Proceeds of sale - Disposition
The trustee shall apply the proceeds of the trustee’s sale as follows:
(1) To the expenses of the sale, including a reasonable charge by the trustee and a reasonable attorney’s fee.
(2) To the obligation secured by the trust deed.
(3) To any persons having recorded liens subsequent to the interest of the trustee in the trust deed as their interests may appear.
(4) The surplus, if any, to the grantor of the trust deed or to his successor in interest entitled to such surplus.
[45-1507, added 1957, ch. 181, sec. 7, p. 345.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 45-1507
What does Idaho Statutes § 45-1507 cover?
Section 45-1507 ("Proceeds of sale - Disposition") 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 § 45-1507?
A common citation format is "Idaho Statutes § 45-1507" (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 § 45-1507 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.