Idaho § 49-2405 - Practices of finance company lessening or eliminating competition prohibited
Full text of Idaho Idaho Statutes § 49-2405 — Practices of finance company lessening or eliminating competition prohibited, with citation guidance and answers to common questions.
§ 49-2405. Practices of finance company lessening or eliminating competition prohibited
It shall be unlawful for any person who is engaged in the business of financing the purchase or sale of motor vehicles, or of buying conditional sales contracts, chattel mortgages or leases on motor vehicles sold at retail within this state, to accept or receive, or contract or agree to accept or receive, either directly or indirectly, any payment, thing, or service of value from any person who is engaged, either directly or indirectly, in the manufacture or wholesale distribution only of motor vehicles, whether patented or unpatented, if the effect of the acceptance or receipt of a payment, thing, or service of value may be to lessen or eliminate competition, or to create or tend to create a monopoly in the person who accepts or receives the payment, thing, or service of value, or contracts or agrees to accept or receive that thing or service of value.
[49-2405, added 1988, ch. 265, sec. 471, p. 822.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 49-2405
What does Idaho Statutes § 49-2405 cover?
Section 49-2405 ("Practices of finance company lessening or eliminating competition prohibited") 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 § 49-2405?
A common citation format is "Idaho Statutes § 49-2405" (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 § 49-2405 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.