Amends existing law to provide that a certain action for a money judgment on a promissory note shall be filed within 90 days.

This legislation clarifies the duration of time in which a junior lienholder may bring an action for deficiency resulting from the sale of a secured property. Idaho Code does not specify the time period in which such action may be brought; the results are extremely inequitable situations where junior lienholders are able to bring such actions at any point during the duration of an installment contract. This legislation merely requires the junior lienholder to commence their action within the same time period as senior lienholders to provide equity and predictability for consumers and lienholders alike.