Chapter DFI-WCA 1

Register March 2024 No. 819

Chapter DFI-WCA 1

WISCONSIN CONSUMER ACT

DFI-WCA 1.01   Wisconsin consumer act rules; organization.

DFI-WCA 1.05   General definitions; consumer credit transactions.

DFI-WCA 1.06   General definitions; customer.

DFI-WCA 1.07   General definitions; finance charge.

DFI-WCA 1.08   General definitions; official fees.

DFI-WCA 1.09   General definitions; required deposit balance.

DFI-WCA 1.201   Finance charge for consumer credit transactions; per diem charge.

DFI-WCA 1.22   Finance charge for consumer credit transactions; credit cards and coupon books.

DFI-WCA 1.221   Finance charge for consumer credit transactions; actuarial method-compounding.

DFI-WCA 1.23   Maximum charges; precision and rounding.

DFI-WCA 1.26   Additional charges; cost of insurance.

DFI-WCA 1.261   Additional charges; equivalent security interest.

DFI-WCA 1.262   Additional charges; title examinations.

DFI-WCA 1.263   Additional charges, appraisals, copies.

DFI-WCA 1.264   Credit insurance; signature placement.

DFI-WCA 1.271   Delinquency charges; deferred installment.

DFI-WCA 1.28   Deferral charges; unilateral deferral at no cost.

DFI-WCA 1.281   Deferral charges; alternative computation.

DFI-WCA 1.29   Deferral charges; “rule of 78".

DFI-WCA 1.30   Notice of non-performance.

DFI-WCA 1.301   Rebate on prepayment; irregular installment amounts or due dates.

DFI-WCA 1.311   General requirements and provisions; consummation.

DFI-WCA 1.32   Disclosure customer copies.

DFI-WCA 1.321   Form requirements other than open-end—set off.

DFI-WCA 1.331   Form requirements other than open-end—microfilm copies.

DFI-WCA 1.34   Prohibition of blank writings.

DFI-WCA 1.341   Notice to obligors.

DFI-WCA 1.35   Notice to obligors; open-end accounts.

DFI-WCA 1.351   Customer liability; open-end credit.

DFI-WCA 1.352   Receipts; accounting; evidence of payment; release of any security interest.

DFI-WCA 1.353   Refund anticipation loan; before the customer enters into a refund anticipation loan.

DFI-WCA 1.354   Refund anticipation loan; reasonable length of time to expect refund.

DFI-WCA 1.355   Refund anticipation loan; estimated annual percentage rate.

DFI-WCA 1.356   Refund anticipation loan; charges or fees for electronically filing an income tax return.

DFI-WCA 1.36   Receipts; accounting; evidence of payment; customer inquiries.

DFI-WCA 1.361   Assignment of earnings prohibited; revocation.

DFI-WCA 1.37   Notice of assignment; joint obligor customers.

DFI-WCA 1.371   Notice of assignment; address of customer.

DFI-WCA 1.38   Restriction on liability in consumer lease.

DFI-WCA 1.391   Restrictions on security interest; proceeds.

DFI-WCA 1.392   Waivers prohibited; dwelling.

DFI-WCA 1.44   Consumer approval transaction; duty of customer.

DFI-WCA 1.61   Cure of default; commencing legal action.

DFI-WCA 1.62   Cure of default; date of notice and tender.

DFI-WCA 1.63   Exempt property; garnishee summons.

DFI-WCA 1.64   Exempt property; medical services.

DFI-WCA 1.66   Body attachments.

DFI-WCA 1.67   Voluntary surrender of collateral.

DFI-WCA 1.68   Nonjudicial enforcement limited; surrender of collateral.

DFI-WCA 1.69   Restrictions on deficiency judgments; amount owing.

DFI-WCA 1.70   Restrictions on deficiency judgments; repossession.

DFI-WCA 1.71   Restrictions on deficiency judgments; renouncing rights in collateral.

DFI-WCA 1.80   Investigatory powers; merchant's records.

DFI-WCA 1.81   Powers of administrator; penalty.

DFI-WCA 1.82   Powers of administrator; submission for approval.

DFI-WCA 1.85   Discrimination; unconscionable conduct.

DFI-WCA 1.86   Unsolicited credit cards; unconscionable conduct.

DFI-WCA 1.87   Sale of credit card numbers; unconscionable conduct.

DFI-WCA 1.88   Auto brokering.

DFI-WCA 1.90   Registration fees.

Ch. DFI-WCA 1 Note Note: Chapter Bkg 80 was renumbered Chapter DFI-Bkg 80 under s. 13.93 (2m) (b) 1., Stats., and corrections made under s. 13.93 (2m) (b) 6. and 7., Stats., Register, June, 1997, No. 498.

Ch. DFI-WCA 1 Note Note: Chapter DFI-Bkg 80 as it existed on July 31, 2007, was renumbered to ch. DFI-WCA 1 under s. 13.93 (2m) (b) 1., Stats., and corrections made under s. 13.93 (2m) (b) 7., Stats., Register July 2007 No. 619.

DFI-WCA 1.01 DFI-WCA 1.01  Wisconsin consumer act rules; organization. In order to facilitate the organization of rules promulgated under the Wisconsin consumer act and to assist interested persons in relating the rules to the act, each rule shall refer to specific sections of the act. The rules shall be published so as to retain the numerical order of the sections of the act to which they refer. However, each statutory reference does not constitute the sole statutory authority for any particular rule.

DFI-WCA 1.01 History History: Cr. Register, June, 1973, No. 210, eff. 7-1-73.

DFI-WCA 1.05 DFI-WCA 1.05  General definitions; consumer credit transactions. Acquisition of a leasehold interest in real property by a customer from a merchant is not a consumer lease within the meaning of s. 421.301 (11), Stats. For laws governing the leasing of real estate see ch. 704, Stats.

DFI-WCA 1.05 History History: Cr. Register, June, 1973, No. 210, eff. 7-1-73.

DFI-WCA 1.06 DFI-WCA 1.06  General definitions; customer. A person seeks or acquires real or personal property, services, money or credit for personal, family, household or agricultural purposes within the meaning of s. 421.301 (17), Stats., when such real or personal property, services, money or credit is to be used primarily, that is 50% or more, for one or more of these purposes.

DFI-WCA 1.06 History History: Cr. Register, June, 1973, No. 210, eff. 7-1-73.

DFI-WCA 1.07 DFI-WCA 1.07  General definitions; finance charge. A delinquency or default charge is not a finance charge within the meaning of s. 421.301 (20), Stats., if imposed for actual unanticipated late payment, delinquency, default or other such occurrence. However, when a merchant's billings are not paid in full within a stipulated time period and under such circumstances the merchant does not, in fact, regard such accounts in default (For example, by customarily failing to institute collection activity or by continuing to extend credit) and imposes charges periodically for delaying payment of such accounts from time to time until paid, the charge so imposed comes within the definition of a finance charge and the credit so extended comes within the definition of open-end credit.

DFI-WCA 1.07 History History: Cr. Register, June, 1973, No. 210, eff. 7-1-73.

DFI-WCA 1.08 DFI-WCA 1.08  General definitions; official fees. Official fees within the meaning of s. 421.301 (26) (a), Stats., shall include any fee charged by a register of deeds or the secretary of state for the filing or recording of any instrument of conveyance or other document for the purpose of perfecting a security interest for which the parties have contracted.