Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Financial InstitutionsDepartment of Financial Institutions-Credit Unions
Chapter DFI-CU 61 - Credit union purchase or acquisition of conditional sales contracts or similar instruments executed by credit union members
Section DFI-CU 61.04 - Dealer financial statements

Wis. Admin. Code Department of Financial Institutions DFI-CU 61.04

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Current through November 25, 2024
Section DFI-CU 61.04 - Dealer financial statements

Credit unions purchasing member contracts with recourse must secure annual sworn financial statements from each participating seller until the purchased contracts have been paid. These sworn financial statements are to be retained by the credit union for review by departmental examiners.

Wis. Admin. Code Department of Financial Institutions DFI-CU 61.04

CR Register, August, 1972, No. 200, eff. 9-1-72.