Manufactured home, mobile home, or modular home retail installment contract — finance charge.

1. A retail installment contract or agreement for the sale of a manufactured home, mobile home, or modular home may include a finance charge not in excess of an amount equivalent to one and three-fourths percent per month simple interest on the declining balance of the amount financed. 2. For purposes of this section , “amount financed” means the same as defined in section 537.1301 . 3. The limitations contained in this section do not apply in a transaction referred to in section 535.2, subsection 2 . With respect to a consumer credit sale, as defined in section 537.1301 , the limitations contained in this section supersede conflicting provisions of chapter 537, article 2, part 2 . 2006 Acts, ch 1090, §8, 26 Court action required for termination of installment contract or repossession of property during military service; application for relief respecting obligation or liability incurred prior to military service; §29A.102 , 29A.103 , 29A.105