(1) A registered or legal owner of a vehicle in the possession of a person holding a lien under the provisions of this chapter may release any interest in the vehicle after the lien has attached.
(2)  The release shall contain the following information:
(a)  A description of the vehicle, including the year and make, the engine or vehicle identification number, and the license number;
(b)  The names and addresses of the registered and legal owners of record;
(c)  A statement of the amount of the lien and the facts concerning the claim which give rise to the lien; and
(d)  A statement that the person releasing the interest understands that he has a legal right to a hearing in court prior to the sale of the vehicle and that he waives the right to contest the claim.
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Terms Used In Idaho Code 49-1706

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
(3)  A copy of the release shall be filed with the department in connection with the transfer of interest in a vehicle under the provisions of this section.