On request by a retail buyer, the holder may agree to one or more amendments to the retail installment contract to:

1. (1) extend or defer the scheduled due date of all or a part of one or more installments; or
2. (2) renew, restate, or reschedule the unpaid balance under the contract.

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.