Delaware Code Title 6. Commerce and Trade § 4325. Refinancing of unpaid balance;  charges;  agreement for refinancing

The holder of a retail installment contract or contracts may, upon agreement in writing with the buyer, refinance the payment of the unpaid time balance or balances of the contract or contracts by providing for a new schedule of installment payments.  The holder may charge and contract for the payment of a refinance charge by the buyer and collect and receive the same, but such refinance charge:

Such agreement for refinancing may also provide for the payment by the buyer of the additional cost to the holder of the contract or contracts of premiums for continuing in force, until the maturity of the contract or contracts as refinanced, any insurance coverages provided for therein, subject to § 4305 of this title.  The refinancing agreement shall set forth the amount of the unpaid time balance or balances to be refinanced, the amount of any refund credit, the amount to be refinanced after the deduction of the refund credit, the amount of the service charge under the refinancing agreement, any additional cost of insurance and of official fees to the buyer, the new unpaid time balance and the new schedule of installment payments.  Where there is a consolidation of 2 or more contracts then §§ 4327 and 4328 of this title shall apply.