Idaho § 54-1133 - Form and content of contract - Price disclosure
Full text of Idaho Idaho Statutes § 54-1133 — Form and content of contract - Price disclosure, with citation guidance and answers to common questions.
§ 54-1133. Form and content of contract - Price disclosure
(1) Each contract shall be written in clear, understandable language and shall be printed or typed in an easy-to-read font, size, and style.
(2) Each contract shall identify the seller, the certificate of authority number the certified seller is working under, purchaser, and the beneficiary if other than the purchaser.
(3) Each contract shall specify the services and/or merchandise to be provided, as well as a statement of the law regarding substitution as provided in section 54-1137 , Idaho Code.
(4) Each contract shall set forth the purchase price and the terms under which it is to be paid.
(5) Each contract shall conform to other state or federal regulations, including price disclosure. It is the contract seller’s duty to comply with such regulations.
(6) Each contract shall state clearly whether it is a guaranteed price contract or a nonguaranteed price contract.
(7) Each contract shall state clearly whether it is a revocable or nonrevocable trust.
(8) Each contract shall state the amount of money to be placed in trust and the name of the trustee, but the contract may provide that the certified seller may designate a new trustee to obtain higher interest earnings on the trust funds.
(9) Each contract shall explain the disposition of the interest and include a statement of the fees, expenses and taxes that may be deducted from the interest pursuant to section 54-1134 , Idaho Code, and a statement of the purchaser’s responsibility for taxes owed on the interest.
(10) Each contract shall explain the purchaser’s cancellation rights pursuant to section 54-1135 , Idaho Code.
[54-1133, added 1989, ch. 138, sec. 2, p. 313; am. 2020, ch. 257, sec. 12, p. 750.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 54-1133
What does Idaho Statutes § 54-1133 cover?
Section 54-1133 ("Form and content of contract - Price disclosure") 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 § 54-1133?
A common citation format is "Idaho Statutes § 54-1133" (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 § 54-1133 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.