Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Financial InstitutionsDepartment of Financial Institutions-Wisconsin Consumer Act
Chapter DFI-WCA 1 - Wisconsin consumer act
Section DFI-WCA 1.71 - Restrictions on deficiency judgments; renouncing rights in collateral

Wis. Admin. Code Department of Financial Institutions DFI-WCA 1.71

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Current through November 25, 2024
Section DFI-WCA 1.71 - Restrictions on deficiency judgments; renouncing rights in collateral

Prior to obtaining the statement of a customer renouncing rights in the collateral pursuant to s. 425.209(2), Stats., the merchant shall notify the customer by written notice that by signing the statement the customer waives all rights to recover any surplus that may result from the sale of the collateral.

Wis. Admin. Code Department of Financial Institutions DFI-WCA 1.71

CR Register, June, 1973, No. 210, eff. 7-1-73.