Iowa Code § 537.3610

Current through March 29, 2024
Section 537.3610 - Balloon payments prohibited

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.

Iowa Code § 537.3610

87 Acts, ch 80, §10

87 Acts, ch 80, §10