Balloon payments prohibited.

Iowa Code § 537.3610, under CONSUMER CREDIT CODE.

Iowa Code § 537.3610

A lessee shall not be required, as a condition to acquiring ownership, to make a payment that is more than twice the amount of a regular rental payment, or to pay lease payments totaling more than the cost to acquire ownership as disclosed pursuant to section 537.3605 . This section does not apply to payments made pursuant to section 537.3608 , 537.3612 , or 537.3619 . 87 Acts, ch 80, §10