§ 40-14-315 — Loan finance charge on consolidation

(a) If a debtor owes an unpaid balance to a lender with
respect to a consumer loan, refinancing or consolidation, and
becomes obligated on another consumer loan, refinancing or
consolidation with the same lender, the parties may agree to a
consolidation resulting in a single schedule of payments. If the
previous consumer loan, refinancing, or consolidation was not
precomputed, the parties may agree to add the unpaid amount of
principal and accrued charges on the date of consolidation to
the principal with respect to the subsequent loan. If the
previous consumer loan, refinancing, or consolidation was
precomputed, the parties may agree to refinance the unpaid
balance pursuant to the provisions on refinancing (W.S. 40-14-
314) and to consolidate the principal resulting from the
refinancing by adding it to the principal with respect to the
subsequent loan. In either case the lender may contract for and
receive a loan finance charge based on the aggregate principal
resulting from the consolidation at a rate not in excess of that
permitted by the provisions on loan finance charge for consumer
loans (W.S. 40-14-310).
(b) The parties may agree to consolidate the unpaid
balance of a consumer loan with the unpaid balance of a consumer
credit sale. The parties may agree to refinance the previous
unpaid balance pursuant to the provisions on refinancing sales
(W.S. 40-14-216) or the provisions on refinancing loans (W.S.
40-14-314), whichever is appropriate, and to consolidate the
amount financed resulting from the refinancing or the principal
resulting from the refinancing by adding it to the amount
financed or principal with respect to the subsequent sale or
loan. The aggregate amount resulting from the consolidation
shall be deemed principal, and the creditor may contract for and
receive a loan finance charge based on the principal at a rate
not in excess of that permitted by the provisions on loan
finance charge for consumer loans (W.S. 40-14-310).