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 section shall not exceed the rate on the original retail installment contract as limited by section 322.19.
[C58, 62, 66, 71, 73, 75, 77, 79, 81, §322.20]
90 Acts, ch 1088, §1; 2019 Acts, ch 59, §98
Structure Iowa Code
Chapter 322 - MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS, WHOLESALERS, AND DEALERS
Section 322.1 - Administration.
Section 322.3 - Prohibited acts.
Section 322.4 - Application for license.
Section 322.5 - License fees — temporary permits.
Section 322.6 - Denial of license.
Section 322.7 - License of motor vehicle dealer.
Section 322.7A - Used motor vehicle dealer education program.
Section 322.7B - Consignment sales of motor trucks.
Section 322.8 - Supplemental statements.
Section 322.9 - Revocation or suspension of license.
Section 322.10 - Judicial review.
Section 322.12 - Disposition of fees.
Section 322.15 - Construction of chapter.
Section 322.17 - Copy of contract to buyer.
Section 322.18 - Dual-interest insurance.
Section 322.19 - Finance charges — amount.
Section 322.19A - Documentary fee.
Section 322.20 - Extension of time.
Section 322.21 - Remaining balance on trade vehicle.
Section 322.24 - Hearing — subpoenas.
Section 322.27 - Manufacturer’s license.
Section 322.27A - Wholesaler’s license.
Section 322.28 - Distributor or wholesaler’s license.
Section 322.29 - Issuance of license — fees.
Section 322.31 - Denial of license.
Section 322.32 - Construction of applicability to contracts.
Section 322.33 - Applicability of the Iowa consumer credit code.
Section 322.35 - Disclosure of manufacturer’s suggested price for certain motor vehicles — penalty.
Section 322.36 - Motorcycle and autocycle dealer business hours.