322B.9  Mobile home and modular home retail installment contract--finance charge.

A retail installment contract or agreement for the sale of a mobile home or modular home may include a finance charge not in excess of an amount equivalent to one and three-fourths percent per month simple interest on the declining balance of the amount financed.

"Amount financed" shall be as defined in section 537.1301.

The limitations contained in this section do not apply in a transaction referred to in section 535.2, subsection 2. With respect to a consumer credit sale, as defined in section 537.1301, the limitations contained in this section supersede conflicting provisions of chapter 537, article 2, part 2.

Section History: Early form

  [C79, § 537.2602; C81, § 322B.9; 82 Acts, ch 1153, § 2, 18(1)]

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