§ 40-14-239 — Balloon payments

With respect to a consumer credit sale, other than one pursuant
to a revolving charge account, if any scheduled payment is more
than twice as large as the average of earlier scheduled
payments, the buyer has the right to refinance the amount of
that payment at the time it is due if the seller is still
offering that type of credit and the buyer is creditworthy.
Credit terms shall be as favorable as those offered to the
general public by the seller for the same type of sale at the
time a request for refinancing is approved. These provisions do
not apply to the extent that the payment schedule is adjusted to
the seasonal or irregular income of the buyer.