Chapter 425

CHAPTER 425

CONSUMER TRANSACTIONS — REMEDIES AND PENALTIES

SUBCHAPTER I

CREDITORS’ REMEDIES

425.101   Short title.

425.102   Scope.

425.1025   Definition.

425.103   Accrual of cause of action; “default”.

425.104   Notice of customer’s right to cure default.

425.105   Cure of default.

425.106   Exempt property.

425.107   Unconscionability.

425.108   Extortionate extensions of credit.

425.109   Pleadings.

425.110   No discharge from employment for garnishment.

425.111   Levy before judgment.

425.112   Stay of execution.

425.113   Body attachments.

SUBCHAPTER II

ENFORCEMENT OF SECURITY INTERESTS IN COLLATERAL

425.201   Scope.

425.202   Definitions.

425.203   Enforcement of merchant’s rights in collateral and leased goods.

425.204   Voluntary surrender of collateral.

425.205   Action to recover collateral.

425.206   Nonjudicial enforcement limited.

425.2065   Notice to law enforcement.

425.207   Restraining order to protect collateral or leased goods; abandoned property.

425.208   Customer’s right to redeem.

425.209   Restrictions on deficiency judgments.

425.210   Computation of deficiency.

SUBCHAPTER III

CUSTOMER’S REMEDIES

425.301   Remedies to be liberally administered.

425.302   Remedy and penalty for certain violations.

425.303   Remedy and penalty for certain violations.

425.304   Remedy and penalty for certain violations.

425.305   Transactions which are void.

425.306   Unenforceable obligations.

425.307   Limitation of action.

425.308   Reasonable attorney fees.

425.309   Class actions.

425.310   Liability of corporate officers.

425.311   Evidence of violation.

SUBCHAPTER IV

CRIMINAL PENALTIES

425.401   Willful violations: misdemeanor.

Ch. 425 Cross-reference Cross-reference: See definitions in s. 421.301.

subch. I of ch. 425 SUBCHAPTER I

CREDITORS’ REMEDIES

425.101 425.101 Short title. This chapter shall be known and may be cited as the Wisconsin consumer act — remedies and penalties.

425.101 History History: 1971 c. 239.

425.102 425.102 Scope. This subchapter applies to actions or other proceedings brought by a creditor to enforce rights arising from consumer credit transactions and to extortionate extensions of credit under s. 425.108.

425.102 History History: 1971 c. 239.

425.102 Annotation The scope language of this section bars a customer from bringing a claim of unconscionability under s. 425.107 except in response to “actions or other proceedings brought by a creditor.” Discussing whether a nonjudicial repossession pursuant to s. 425.206 (1) (d) is such an action or other proceeding. Duncan v. Asset Recovery Specialists, Inc., 2022 WI 1, 400 Wis. 2d 1, 968 N.W.2d 661, 19-1365.

425.102 Annotation When a creditor files a lawsuit against a debtor to enforce a loan agreement, that triggers the potential for an unconscionability counterclaim. The fact that the creditor moves for voluntary dismissal of its claim before the debtor brings the unconscionability counterclaim does not prevent the debtor from pursuing it. This section does not require dismissal of the counterclaim. CreditBox.com, LLC v. Weathers, 2023 WI App 37, 408 Wis. 2d 715, 993 N.W.2d 802, 22-0746.

425.1025 425.1025 Definition. In this subchapter, “billing statement” means a statement issued pursuant to 15 USC 1637 (b).

425.1025 History History: 2015 a. 155.