422.422 – Cash discounts.
422.422 Cash discounts. No credit card issuer may, by contract or otherwise, prohibit a merchant from offering a discount to a customer to induce the customer to pay by cash, check, or similar means, rather than by use of a credit card or its underlying account, for the purchase of goods or services. History: 2005 […]
422.419 – Waivers prohibited.
422.419 Waivers prohibited. (1) No contract evidencing a consumer credit transaction may contain any provision by which: (a) The merchant or other person acting on the merchant’s behalf is given authority to enter the customer’s dwelling or to commit any breach of the peace in the course of taking possession of collateral securing the transaction; […]
422.420 – Cosigner charges.
422.420 Cosigner charges. No term of a writing signed by a cosigner and made pursuant to a consumer credit transaction may: (1) Provide for payment by the cosigner of any fees or charges which could not be imposed upon the customer as part of the transaction; or (2) Operate to remove from the cosigner any […]
422.421 – Variable rate transaction.
422.421 Variable rate transaction. (1) Definitions. In this section: (a) “Approved index” means any relevant index approved by the administrator that is beyond the control of the creditor and is verifiable by the customer. (b) 1. “Consummation” with respect to a variable rate transaction other than one pursuant to an open-end credit plan means the […]
422.417 – Restrictions on security interests.
422.417 Restrictions on security interests. (1) With respect to a consumer credit sale a seller may take a security interest only in: (a) The property sold; (b) Goods upon which the property sold is installed or to which it is annexed, or goods upon which the services sold are performed, if the obligation secured is […]
422.418 – Security interests: consolidations; open-end credit plans.
422.418 Security interests: consolidations; open-end credit plans. (1) The parties may agree in a consolidation agreement under s. 422.206 that the creditor may secure the consolidated obligation by a security interest in property in which the creditor has an existing security interest as a result of the prior transaction which is one of those agreed […]
422.413 – Limitation on default charges.
422.413 Limitation on default charges. (1) Except as provided in sub. (2g), no term of a writing evidencing a consumer credit transaction may provide for any charges as a result of default by the customer other than reasonable expenses incurred in the disposition of collateral or goods subject to a motor vehicle consumer lease and […]
422.414 – Use of multiple agreements.
422.414 Use of multiple agreements. (1) No creditor shall divide or otherwise encourage the customer or customers to become obligated at the same time on more than one consumer loan, more than one consumer credit sale, or one or more interlocking consumer loans (s. 422.408) and consumer credit sale for the purpose of obtaining a […]
422.415 – Changes in open-end credit terms.
422.415 Changes in open-end credit terms. (1) Except as provided in sub. (2), no creditor shall make any change in the terms of open-end credit plans that is adverse to the interests of the customer with respect to any outstanding balances or that imposes or alters a charge permitted under s. 422.202 (2m). For the […]
422.4155 – Notice of termination of liability.
422.4155 Notice of termination of liability. (1) In an open-end credit plan in which more than one person may be obligated for extensions of credit, any person may terminate his or her liability for future extensions of credit under the plan by giving written notice to the creditor of the person’s termination of liability. The […]