Iowa § 537.3609 Renegotiation

Iowa Statutes

§ 537.3609 — Renegotiation

Iowa § 537.3609

Title XIIICOMMERCE

Ch. 537CONSUMER CREDIT CODE

This text of Iowa § 537.3609 (Renegotiation) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 537.3609 (2026).

Text

1.A renegotiation occurs when an existing consumer rental purchase agreement is satisfied and replaced by a new consumer rental purchase agreement undertaken by the same lessor and lessee. A renegotiation is a new lease requiring new disclosures.

2.However, the following events are not renegotiations:

a.The addition or return of property in a multi-item agreement or the substitution of the leased property, if in either case the lease payment is not changed by more than twenty-five percent.

b.A deferral or extension of one or more lease payments, or portions of a lease payment.

c.A reduction in charges in the agreement.

d.A lease or agreement involved in a court proceeding.

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1. A renegotiation occurs when an existing consumer rental purchase agreement is

satisfied and replaced by a new consumer rental purchase agreement undertaken by the
same lessor and lessee. A renegotiation is a new lease requiring new disclosures.
2. However, the following events are not renegotiations:
a. The addition or return of property in a multi-item agreement or the substitution of the
leased property, if in either case the lease payment is not changed by more than twenty-five
percent.
b. A deferral or extension of one or more lease payments, or portions of a lease payment.
c. A reduction in charges in the agreement.
d. A lease or agreement involved in a court proceeding.