322.20 - EXTENSION OF TIME.

        322.20  EXTENSION OF TIME.         Sections 537.2503 and 537.3402 notwithstanding, if the holder of a      retail installment contract in connection with the purchase or sale      of a vehicle, at the request of the buyer, renews the loan or extends      the scheduled due date of all or any part of an installment or      installments, the holder may restate the amount of installments and      the time schedule for paying installments and collect for      installments, subject to the renewal or extension, a finance charge      on the outstanding declining balance of the amount financed for the      period of the extension or renewal.  The finance charge on a renewal      or extension under this subsection shall not exceed the rate on the      original retail installment contract as limited by section 322.19.      
         Section History: Early Form
         [C58, 62, 66, 71, 73, 75, 77, 79, 81, § 322.20] 
         Section History: Recent Form
         90 Acts, ch 1088, §1