§ 40-14-313 — Deferral charges

(a) With respect to a consumer loan, refinancing, or
consolidation, the parties before or after default may agree in
writing to a deferral of all or part of one (1) or more unpaid
installments, and the lender may make and collect a charge which
the debtor expressly agrees to pay as consideration for a
deferral. A deferral charge may be collected at the time it is
assessed or at any time thereafter.
(b) The lender, in addition to the deferral charge, may
make appropriate additional charges (W.S. 40-14-311), and the
amount of these charges which is not paid in cash may be added
to the amount deferred for the purpose of calculating the
deferral charge.
(c) Except in connection with a revolving loan account,
the parties may agree in writing at the time of a consumer loan,
refinancing, or consolidation that if an installment is not paid
within ten (10) days after its due date, the lender may
unilaterally grant a deferral and make charges as provided in
this section. No deferral charge may be made for a period after
the date that the lender elects to accelerate the maturity of
the agreement.
(d) A delinquency charge made by the lender on an
installment may not be retained if a deferral charge is made
pursuant to this section with respect to the period of
delinquency.