Current through November 25, 2024
Section DFI-Bkg 46.03 - Disclosure forms(1) A disclosure form shall be designed to call attention to the nature and significance of the information provided, and shall use a typeface and type size that are easy to read.(2) A disclosure form shall contain an acknowledgment provision. The acknowledgement provision shall indicate that the borrower has read and understood the terms of the disclosure. No disclosure is valid unless a borrower has initialed or signed the acknowledgement provision. At the time the borrower initials or signs the acknowledgement provision, the borrower shall also date the acknowledgement provision.(3) A disclosure shall include the following statement: "A list of adjustment services companies (companies that help consumers budget money) licensed to do business in the state of Wisconsin is available at the Wisconsin department of financial institutions' website, www.wdfi.org [File Link Not Available].(4) Upon completion of the disclosure, the lender shall provide a copy of the completed disclosure to the borrower.Wis. Admin. Code Department of Financial Institutions DFI-Bkg 46.03
CR 04-089: CR Register December 2004 No. 588, eff. 2-1-05.