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 paymentstotaling 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, or537.3619. 87 Acts, ch 80, §10 Sat Dec 23 01:40:38 2023 Iowa Code 2024, Section 537.3610 (18, 0)
Iowa Legal Code