Topic: Lending
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B001 Scope of Lending Laws
This release summarizes the scopes of the major Wisconsin consumer credit laws and Federal Truth In Lending (Regulation Z).
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0159 BSA: Customer Identification Program and Customer Due Diligence
This release describes BSA requirements for credit unions to verify the identities of those who open new accounts, exercise customer due diligence and apply enhanced due diligence to higher-risk members/customers. […]
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0126 Fair Credit Reporting Act
This release describes the federal Fair Credit Reporting Act (FCRA). The FCRA affects credit unions in regard to member accounts, employment, lending decisions, and protection of members from fraud and […]
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0110 Consumer Approval Transactions
This release applies to all Wisconsin credit unions. Whenever a consumer loan is closed somewhere other than the credit union’s regular place of business, the transaction must be reviewed to […]
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Wis. Stats: 138 Mortgage and Rates of Interest as related to variable rate loans.
138.056 Variable rate loans. 138.056(1) Definitions. 138.056(2) Required Terms. 138.056(3) Fees & Penalties Prohibited. 138.056(4) Notice of Interest Payment Changes. 138.056(5) Negative Amortization. 138.056(6) Disclosure. 138.056(7) Priority. 138.056(8) Applicability.
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Wis. Stats: 138 Money and Rates of Interest as related to residential mortgage loans.
138.052 Residential mortgage loans.
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Wis. Stats: 138 Money and Rates of Interest as related to residential mortgage loans and mergers.
138.052(7m) Residential mortgage loans. (7m)(a) A lender shall notify the borrower as provided in par. (b) if on or after May 3, 1988, the payment, collection or other loan or […]
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Wis. Admin. Code: DFI-CU 68
Investment Authority Parity with Federal Credit Unions. 68.01 Purpose and scope. 68.02 Interpretation. 68.03 Definitions. 68.04 Board responsibilities. 68.05 General authority. 68.06 Authorized activities. 68.07 Prohibited activities.
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Wis. Admin. Code: DFI-CU 54
Real Estate Mortgage Loans. 54.01 Purpose and scope. 54.02 Definitions. 54.03 Limitations on real estate mortgage loans. 54.04 Loan policies. 54.05 Required documentation.
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Wis. Stats: 428.103(1)(e) WCA – First Lien Real Estate and Other Mortgage Loans – Limitations
428.103(1) The following limitations shall apply to all loans subject to this subchapter: 428.103(1)(e) The creditor shall not contract for or charge its attorney fees to the customer except as […]