Topic: Wisconsin Consumer Act
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B046 Consumer Kwik-Cash Loans
The following release is a step-by-step explanation of how to do Kwik-Cash loans using the consumer Kwik- Cash loan agreement (#82033) available through The League Supply Department. EXHIBIT A – […]
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Wis. Stats: 426 WCA – Consumer Transactions – Administration
SUBCHAPTER I – POWERS AND FUNCTIONS OF ADMINISTRATOR 426.101 Short title. 426.102 Applicability. 426.103 Administrator. 426.104 Powers of administrator; duty to report. 426.105 Administrative powers […]
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Wis. Stats: 425 WCA – Consumer Transactions – Remedies and Penalties as regarding small claims court.
425.103 Accrual of cause of action; “default.” 425.104 Notice of customer’s right to cure default. 425.105 Cure of default. 425.109 Pleadings. 425.205 Action to recover collateral. 425.209 Restrictions on deficiency […]
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Wis. Stats: 424 WCA – Consumer Transactions – Insurance
SUBCHAPTER II CONSUMER CREDIT INSURANCE 424.201 Definition “consumer credit insurance”. 424.202 Charge for insurance. 424.203 Conditions applying to insurance to be provided by creditor. 424.204 Maximum charge by creditor for […]
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B035 Single Payment Loans
This release explains the customary use of closed-end single payment loans and the special compliance requirements that apply. The league no longer sells a separate single payment loan note, so […]
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B031 Right to Cure Default
This release explains the credit union’s responsibility to provide proper notice of the member’s 15-day right to cure default before taking certain collection actions on Wisconsin Consumer Act (WCA) loans. […]
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B030 Adjustable Rate Mortgage Lending Programs
This release addresses adjustable rate mortgage lending programs. Please also see ii Release B016, Financial Strategies for Credit Union First Mortgage Lenders.
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B026 Interest Rate Limitations in Wisconsin
This release describes limits on what loan rates may be charged. Wisconsin’s usury law has been repealed.
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B025 Voluntary Surrender of Collateral; Right to Redeem
This release describes the steps the credit union must take regarding a voluntary surrender of collateral securing a Wisconsin Consumer Act Loan.
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B024 Tax Refund Anticipation Loans
This release applies to all credit unions making income tax refund anticipation loans under the Wisconsin Consumer Act (WCA).