428.2095 – Property exempt from debt collection.
428.2095 Property exempt from debt collection. Except to the extent that the lender has a valid security interest permitted under this subchapter or has a lien under ch. 779 in the property, all of the following personal property of the customer is exempt from levy, execution, sale, and other similar process in satisfaction of a […]
428.210 – Administration and penalties.
428.210 Administration and penalties. (1) Rules. The department may promulgate rules for the administration of this subchapter. The rules shall include guidelines for determining a customer’s ability to repay a covered loan based upon the customer’s debt-to-income ratio. (2) Investigations. (a) At any time that the department has reason to believe that a person has […]
428.211 – Exemption for depository institutions.
428.211 Exemption for depository institutions. This subchapter does not apply to any state chartered or federally chartered bank, trust company, savings and loan association, savings bank, or credit union, or to any subsidiary of such a bank, trust company, savings and loan association, savings bank, or credit union. History: 2003 a. 257; 2011 a. 32.
428.204 – False statements.
428.204 False statements. No lender, licensed lender, mortgage loan originator, mortgage banker, or mortgage broker may knowingly make, propose, or solicit fraudulent, false, or misleading statements on any document relating to a covered loan. History: 2003 a. 257; 2009 a. 2.
428.206 – Recommending default.
428.206 Recommending default. No lender, licensed lender, mortgage loan originator, mortgage banker, or mortgage broker may recommend or encourage an individual to default on an existing loan or other obligation before and in connection with the making of a covered loan that refinances all or any portion of that existing loan or obligation. History: 2003 […]
428.207 – Prepayment.
428.207 Prepayment. (1) A customer may prepay a covered loan at any time without penalty if the payment is made in the context of a refinancing of the covered loan and if the covered loan is held by the refinancing lender. This subsection does not prohibit the servicer of a covered loan from imposing a […]
428.208 – Disclosure to customers.
428.208 Disclosure to customers. At least 3 business days before making a covered loan to a customer, a lender shall ensure that the customer has been given the following notice, in writing and in a clear and conspicuous format: DISCLOSURE TO BORROWER A. If you obtain this loan, the lender will have a mortgage on […]
428.209 – Exclusive state regulation authority.
428.209 Exclusive state regulation authority. The state shall have sole authority, except as provided under federal law, to regulate any matter governed by this subchapter or by a rule promulgated under this subchapter. No local governmental unit may attempt to regulate, directly or indirectly, any matter governed by this subchapter or by a rule promulgated […]
428.104 – Receipts, accounting.
428.104 Receipts, accounting. (1) Any time a payment is made in cash, or any other time the method of payment does not itself provide evidence of payment, the creditor shall furnish the customer, without request, a written receipt, evidencing such payment. The customer shall be entitled upon request, free of charge, to an annual statement […]
428.105 – Pleadings.
428.105 Pleadings. A complaint by a creditor to enforce a cause of action shall set forth specifically the facts constituting the alleged default of the customer, the amount to which the creditor is allegedly entitled and a summary of the figures necessary for computation of such amount, and shall be accompanied by an accurate copy […]