GroundRules
Iowa Code § 537.3610: Balloon payments prohibited.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 537 - CONSUMER CREDIT CODE
- Article 3 - REGULATION OF AGREEMENTS AND PRACTICES
- Part 6 - CONSUMER RENTAL PURCHASE AGREEMENTS
A lessee shall not be required, as a condition to acquiring ownership, to make a payment that is more than twice the amount of a regular rental payment, or to pay lease payments totaling more than the cost to acquire ownership as disclosed pursuant to section 537.3605. This section does not apply to payments made pursuant to section 537.3608, 537.3612, or 537.3619.
Collected 2026-09-14T19:40:14Z. Source file · JSON