reglab/housing_qa huggingface dataset:
WI Stat § 428.106 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|428.106 - Remedies.

428.106  Remedies. (1) Violations of this subchapter may be enforced by a customer subject to this section and ss. 425.308 to 425.311. (2) With respect to a loan subject to this subchapter, if the court as a matter of law finds that any aspect of the transaction, any conduct directed against the customer, by the creditor, or any result of the transaction is unconscionable, the court shall, in addition to the remedies and penalties set forth in this subchapter, and a penalty not to exceed that specified in s. 428.103 (2), refuse to enforce the unconscionable aspect of the transaction or so limit the application of any unconscionable aspect or conduct to avoid any unconscionable result. (3) Notwithstanding other provisions of this subchapter, a customer shall not be entitled to recover the specific penalties provided in ss. 428.103 (2) (a) and 428.104 (2) (a) if the person violating this subchapter shows by a preponderance of the evidence that the violation was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adapted to avoid such error. (4) Any action brought by a customer to enforce rights under sub. (1) shall be commenced within one year after the date of the last violation of this subchapter, 2 years after consummation of the agreement or one year after the last payment, whichever is later. But in no event shall an action be commenced more than 6 years after the date of the last violation. (5) The administrator specified in s. 426.103, solely through the department of justice, may on behalf of any customer institute an action to enforce this subchapter and to recover the damages and penalties provided for this subchapter. In such action the administrator may obtain an order restraining by temporary or permanent injunctions any violation of this subchapter. This subsection shall not be construed to incorporate or grant to the administrator with respect to the enforcement of this subchapter, any of the provisions of ch. 426.History:  1973 c. 18; 1991 a. 316; 2003 a. 257.
WI Stat § 428.202 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|428.202 - Definitions.

428.202  Definitions. In this subchapter: (1) “Bridge loan" means a loan with a maturity of less than 18 months which requires only payments of interest until the time that the unpaid balance is due. (1m) “Business day" has the meaning that is specified under 12 CFR 226.2 (a) (6) for purposes of 12 CFR 226.31. (2) “Covered loan" means a consumer credit mortgage loan transaction other than an open-end credit plan or reverse mortgage in which all of the following apply:(a) The customer is a natural person.(b) The debt is incurred by the customer primarily for personal, family, or household purposes.(c) The loan is secured by a mortgage on, or an equivalent security interest in, residential real property, and the residential real property is or will be occupied by the customer as the customer's principal dwelling.(d) The terms of the loan provide any of the following:1. That the loan transaction, at the time that the loan is consummated, is considered a mortgage under 15 USC 1602 (aa) and regulations adopted thereunder, including 12 CFR 226.32.2. That total points and fees payable by the customer at or before the loan closing exceed 6 percent of the total loan amount. For purposes of this subdivision, “total points and fees" does not include reasonable fees paid to affiliates or nonaffiliates of the lender for bona fide services listed in 12 CFR 226.4 (c) (7). (3) “Customer" means an individual to whom a covered loan is offered or made. “Customer" does not include a surety, guarantor, cosigner, or endorser. (4) “Department" means the department of financial institutions. (5) “Lender" means any person who originates a covered loan and to whom the covered loan is initially payable, except that “lender" does not include an assignee of a covered loan or any person who, for at least 12 consecutive months, has failed to originate any covered loans. (5m) “Licensed lender" means a person licensed under s. 138.09. (6m) “Local governmental unit" has the meaning given in s. 16.97 (7). (7) “Mortgage banker" has the meaning given in s. 224.71 (3). (8) “Mortgage broker" has the meaning given in s. 224.71 (4). (9) “Mortgage loan originator" has the meaning given in s. 224.71 (6). (10) “Servicer" has the meaning given in 12 USC 2605 (i) (2).History:  2003 a. 257; 2009 a. 2.
WI Stat § 428.204 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|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.
WI Stat § 428.206 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|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 a. 257; 2009 a. 2.
WI Stat § 428.207 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|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 prepayment penalty, unless the servicer is also the lender and holds the loan at the time of the refinancing. (2) Any prepayment penalty under this section is subject to all of the following limitations:(a) A prepayment penalty is permitted only during the 36 months immediately following the date of consummation of a covered loan.(b) A lender may not include a prepayment penalty in a covered loan unless the lender offers the customer the option of choosing a loan product without a prepayment penalty. The terms of the offer shall be in writing and initialed by the customer. The offer shall be in a clear and conspicuous format and include the following disclosure:LOAN PRODUCT CHOICE DISCLOSUREI was provided with an offer to accept a product both with and without a prepayment penalty provision. I have chosen to accept the product with a prepayment penalty.(c) A prepayment penalty may not exceed 60 days' interest at the contract rate on the amount prepaid on fixed-rate covered loans over $25,000 if the borrower prepays more than 20 percent of the original loan amount within 36 months immediately following the date of consummation of the covered loan.(d) A prepayment penalty may not be collected on fixed-rate covered loans of $25,000 or less, on adjustable rate loans, or on those fixed-rate covered loans over $25,000 not specified in par. (c).History:  2003 a. 257.
WI Stat § 428.208 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|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 BORROWERA. If you obtain this loan, the lender will have a mortgage on your home. You could lose your home and any money that you have put into it if you do not meet your obligations under this loan. Mortgage loan rates and closing costs and fees vary based on many factors, including your particular credit and financial circumstances, your earnings history, your employment status, the loan-to-value ratio of the requested loan, and the type of property that will secure your loan. The loan rate and fees could also vary based on which lender you select.B. As a consumer you should shop around and compare loan rates and fees. You should also consider consulting a qualified independent credit counselor or other experienced financial adviser regarding the rate, fees, and provisions of this mortgage loan before you proceed.C. You are not required to complete this loan agreement merely because you have received these disclosures or have signed a loan application. If you proceed with this mortgage loan, you should also remember that you may face serious financial risks if you use this loan to pay off credit card debts or other debts in connection with this transaction and then subsequently incur significant new debt. If you continue to accumulate debt after this loan is made and then experience financial difficulties, you could lose your home and any equity that you have in it if you do not meet your mortgage loan obligations.D. Property taxes and homeowner's insurance are your responsibility. Some lenders may require you to escrow money for these payments. However, not all lenders provide escrow services for these payments. You should ask your lender about these services.E. Your payments on existing debts contribute to your credit ratings. You should not accept any advice to ignore your regular payments to your existing creditors.History:  2003 a. 257.
WI Stat § 428.209 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|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 under this subchapter, including enacting an ordinance or adopting a resolution or imposing reporting requirements.History:  2003 a. 257.
WI Stat § 428.2095 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|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 judgment for an obligation arising from a covered loan: (1) Clothing of the customer or his or her dependents. (2) Dining table and chairs, refrigerator, heating stove, cooking stove, radio, beds and bedding, couch and chairs, cooking utensils, and kitchenware. (3) Household goods, as defined in 12 CFR 227.13 (d), 12 CFR 535.1 (g), or 16 CFR 444.1 (i), consisting of furniture, appliances, one television, linens, china, crockery, and personal effects including wedding rings, except works of art, electronic entertainment equipment, antiques, and jewelry, to the extent that a nonpossessory security interest in these household goods is prohibited under 12 CFR 227.13 (d), 12 CFR 535.2 (a) (4), or 16 CFR 444.2 (a) (4).History:  2003 a. 257.
WI Stat § 428.211 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 428 - First lien real estate and other mortgage loans.|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.
WI Stat § 429.101 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.101 - Title.

429.101  Title. This chapter may be cited as the Wisconsin motor vehicle consumer lease act.History:  1995 a. 329.
WI Stat § 429.102 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.102 - Applicable law.

429.102  Applicable law. (1) To the extent that ss. 218.0101 to 218.0163 and chs. 411 and 421 to 427 are inconsistent with this chapter, the provisions of this chapter shall apply. (2) Unless superseded by the particular provisions of this chapter, parties to a motor vehicle consumer lease have all of the obligations, duties, rights and remedies provided in ss. 218.0101 to 218.0163 and chs. 411 and 421 to 427 that apply to the transaction.History:  1995 a. 329; 1999 a. 31.
WI Stat § 429.103 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.103 - Construction against implied repeal.

429.103  Construction against implied repeal. This chapter being a general act intended as a unified coverage of its subject matter, no part of this chapter shall be construed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided.History:  1995 a. 329.
WI Stat § 429.201 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.201 - Prelease availability of consumer lease form.

429.201  Prelease availability of consumer lease form. A lessor shall, upon request of a prospective lessee, make readily available a blank sample of its current consumer lease form for examination by the prospective lessee before execution of the consumer lease.History:  1995 a. 329.
WI Stat § 429.202 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.202 - Advance payment or trade-in; refund or return.

429.202  Advance payment or trade-in; refund or return. (1) If a prospective lessee has made an advance payment or surrendered possession of a vehicle to a prospective lessor as a trade-in pending the execution of a consumer lease, the prospective lessee shall have the right, if the application for the consumer lease is not approved, to receive a prompt refund of the advance payment and, if applicable, to have the trade-in vehicle promptly returned. If a prospective lessor takes possession of a trade-in vehicle under this subsection, the prospective lessor may not sell, offer for sale, lease, transfer or otherwise dispose of the vehicle in any manner until execution of the consumer lease or, except for return of the vehicle to the prospective lessee, disapproval of the consumer lease application. (2) This section does not apply to the sale of a vehicle by a prospective lessee to a prospective lessor under a separate contract of sale if the contract of sale is executed prior to execution of the consumer lease between the parties, gives the date of sale and is signed by both parties. Any contract of sale under this subsection shall provide for all of the following:(a) That the contract price establishes the value of the vehicle to be credited against the amount due from the lessee at the consummation of the lease or, if the parties fail to execute a consumer lease, the amount due the prospective lessee for the vehicle.(b) That the prospective lessee agrees to leave the contract price on deposit with the prospective lessor pending the execution of a consumer lease between the parties with respect to a motor vehicle to be ordered from a manufacturer, including a motor vehicle not yet in production as of the date of sale.(c) That the prospective lessee shall be entitled to payment of the contract price from the prospective lessor no later than 75 days after the date of sale, unless the parties have executed a consumer lease or the prospective lessee has already received such payment.History:  1995 a. 329.
WI Stat § 429.204 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.204 - Gap amount; notice.

429.204  Gap amount; notice. If a consumer lease provides that the lessee is responsible for any or all of the gap amount, the consumer lease shall conspicuously disclose this fact, using the term “gap amount". The acceptance of a consumer lease may not be conditioned upon the lessee's agreement to gap insurance or a gap waiver. Section 218.0148 governs gap waivers.History:  1995 a. 329; 2017 a. 161.
WI Stat § 429.205 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.205 - Security interest.

429.205  Security interest. (1) No consumer lease, or any other document executed by a lessee in connection with a consumer lease, shall create a security interest in any real or personal property of the lessee to secure payment of any obligations assumed by the lessee under the consumer lease. This subsection does not apply to any of the following:(a) The taking of a security deposit, advance lease payment or other prepayment by cash, check, credit card or other device.(b) Any right of setoff.(c) Any security interest in the leased vehicle or in any proceeds, refunds for cancellation or any other rights of the lessee with respect to the consumer lease or the leased vehicle, including any insurance contracts, gap waivers or gap insurance, repair contracts and extended warranty or maintenance service contracts. (2) Any security interest taken in violation of this section is void and unenforceable, but shall not otherwise affect the validity of the consumer lease.History:  1995 a. 329; 2017 a. 161.
WI Stat § 429.206 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.206 - Determination of realized value upon early termination.

429.206  Determination of realized value upon early termination. If a consumer lease is terminated before the expiration date set forth in the lease, the realized value of the motor vehicle leased under the consumer lease shall be determined as follows: (1) If the lessee and the lessor mutually agree upon the motor vehicle's realized value, the realized value is the mutually agreed-upon amount. (2) If there is a total loss or destruction of the vehicle occasioned by its theft, physical damage or other occurrence specified in the consumer lease and no amount is agreed upon under sub. (1), the realized value equals the sum of any insurance proceeds received by the holder under an applicable insurance policy required under the consumer lease and any amounts received by the holder from any other party in payment for the loss or destruction of the leased vehicle. (3) If the realized value has not been determined under sub. (1) or (2) and an appraisal is obtained under this subsection, the realized value is the amount established by the appraisal. An appraisal may be obtained under this subsection if, within 7 business days of the early termination of the consumer lease, a lessee who is not in default obtains at his or her own expense a professional appraisal of the current wholesale value of the vehicle by an appraiser agreed to by the holder, with such agreement not to be unreasonably withheld by the holder. An appraisal under this subsection is final and binding and establishes the realized value for purposes of determining the liability of the lessee under the consumer lease. (4) If the realized value has not been determined under sub. (1), (2) or (3), the realized value equals the greater of the following:(a) The price obtained by the holder for the commercially reasonable disposition of the motor vehicle, after subtracting all actual and reasonable expenses incurred by the lessor in connection with the disposition of the vehicle.(b) The highest bona fide offer received by the holder for the commercially reasonable disposition of the motor vehicle.History:  1995 a. 329.
WI Stat § 429.207 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.207 - Restrictions on early termination obligation.

429.207  Restrictions on early termination obligation. (1) The lessee has the right to terminate the consumer lease at any time. (2) If a consumer lease is terminated before the expiration date set forth in the consumer lease and no applicable option to purchase is exercised by the lessee, the early termination obligation of the lessee may not exceed an amount equal to the sum of the following amounts:(a) Any unpaid lease payments that have accrued as of the date of termination of the consumer lease.(b) Any other amounts unpaid by the lessee, other than excess mileage charges, arising under the terms of the consumer lease or not prohibited by this chapter or chs. 421 to 427.(c) Any official fees and taxes imposed in connection with termination of the consumer lease.(d) The amount set forth in the consumer lease as a disposition or other early termination fee, not to exceed the average payment allocable to a monthly period under the consumer lease.(e) The reasonable costs of retaking, storing, preparing for sale and selling the motor vehicle, except that a cost may not be imposed under this paragraph if, in the event of a default, the cost could not be charged under s. 422.413.(f) Any positive amount determined by subtracting the realized value from any of the following:1. The sum of the balance subject to a rent charge and the rent charge earned in advance for the computational period in which the early termination occurs, calculated in accordance with the constant yield method or any other generally accepted accounting principle.2. An amount determined in accordance with generally accepted actuarial principles under which the rent charge is calculated on the adjusted capitalized cost for the time outstanding. (3) A holder may credit against the balance of the lessee's early termination obligation any refundable security deposit or advance lease payments held by the holder. The excess of any refundable security deposit or advance lease payment over the amount of the lessee's early termination obligation shall be promptly returned to the lessee. (4) This section does not limit or restrict the manner of calculating the lessee's early termination obligation, if such obligation does not exceed the amount calculated under sub. (2). Such manner may include calculation of the unamortized capitalized cost, or the discounted present value of remaining lease payments, multiples of monthly lease payments or payments on another periodic basis.History:  1995 a. 329; 1997 a. 48.
WI Stat § 429.209 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.209 - Renegotiations and extensions.

429.209  Renegotiations and extensions. (1) All of the disclosure requirements specified in s. 429.203 apply to the renegotiation of a consumer lease. A renegotiation of a consumer lease does not create a warranty or subject the transaction to any laws of this state relating to the sale of used motor vehicles. (2) The disclosure requirements specified in s. 429.203 do not apply to any extension of a consumer lease not exceeding 6 months in the aggregate.History:  1995 a. 329.
WI Stat § 429.301 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 429 - Motor vehicle consumer leases.|429.301 - Penalties and remedies.

429.301  Penalties and remedies. (1) Except as provided in s. 429.208 (7) (a), a person who commits a violation of this chapter is liable to the lessee in an amount equal to the sum of the following amounts:(a) One hundred dollars.(b) The actual damages, including any incidental and consequential damages, sustained by the lessee by reason of the violation.(c) Reasonable costs, expenses and attorney fees, as determined under s. 425.308. (2) If a party to a consumer lease recovers damages or penalties under this chapter for an act or omission, the party may not recover any damages or penalties for the same act or omission under ss. 218.0101 to 218.0163 or chs. 411 and 421 to 427.History:  1995 a. 329; 1999 a. 31.