§ 40-14-216 — Credit service charge on refinancing

(a) With respect to a consumer credit sale, refinancing,
or consolidation, the seller may by agreement with the buyer
refinance the unpaid balance and may contract for and receive a
credit service charge based on the amount financed resulting
from the refinancing at a rate not exceeding that permitted by
the provisions on credit service charge for consumer credit
sales (W.S. 40-14-212). For the purpose of determining the
credit service charge permitted, the amount financed resulting
from the refinancing comprises the following:
(i) If the transaction was not precomputed, the total
of the unpaid balance and accrued charges on the date of
refinancing, or, if the transaction was precomputed, the amount
which the buyer would have been required to pay upon prepayment
pursuant to the provisions on rebate upon prepayment (W.S.
40-14-221) on the date of refinancing except that for the
purpose of computing this amount no minimum credit service
charge (W.S. 40-14-212(f)) shall be allowed; and
(ii) Appropriate additional charges (W.S. 40-14-213),
payment of which is deferred.