The League – Fostering Financial Wellbeing for All

#82028 – Explanation of Personal Obligation (Closed-end) (Rev. 7/23)

Use for: Closed-end Wisconsin Consumer Act and Chapter 428 real estate loans with a cosigner or guarantor.


  • Revised 7/23.
  • Revised by removing the federal Notice to Cosigner text, plus other minor changes. The federal Notice to Cosigner is now offered as a separate new form, #83007 Notice to Cosigner. The fillable fields on this form are now set to display bold text.

  • The form is based on Wis. Stats. § 422.305 and Wis. Admin. Code DFI-WCA 1.341

  • See ii Release No. B007 for information about cosigner notices.

  • Also see Compliance Courier – “Various WCUL forms updated” dated 7/11/24.

  • 1 copy = 1 side

  • 8.5 x 11″