No part of the entrance fee placed in escrow may be pledged by the provider as collateral for the purpose of securing loans for any purpose other than providing for the care of the resident.
Idaho Code § 26-3708
Cross-collateralization prohibited
Known as the Idaho Continuing-Care Disclosure Act
The act spans §§ 26-3701 to 26-3715 (15 sections).
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.