422.407 – Defenses assertable against an assignee.
422.407 Defenses assertable against an assignee. (1) With respect to a consumer credit transaction other than a consumer loan which is not an interlocking consumer loan (s. 422.408), an assignee of the rights of a creditor is subject to all claims and defenses of the customer against the assignor arising out of the transaction notwithstanding […]
422.401 – Scope.
422.401 Scope. This subchapter applies to consumer credit transactions. History: 1971 c. 239.
422.402 – Balloon payments prohibited.
422.402 Balloon payments prohibited. (1) Except as provided in sub. (1m), no merchant shall enter into an agreement which requires a schedule of payments under which any one payment is not equal or substantially equal to all other payments, or under which the intervals between any consecutive payments differ substantially except as permitted in sub. […]