reglab/housing_qa huggingface dataset:
WI Stat § 707.55 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.55 - Prohibited advertising and sales practices.

707.55  Prohibited advertising and sales practices. In connection with the offer or sale of a time share, no person may engage in any of the following practices: (1)  False or misleading statements. Making any assertion, representation or statement of material fact that is false, deceptive or misleading. (2)  Incentives. Making any assertion, representation or statement that any incentives, including discounts, special prices, merchandise awards, types of memberships or other financial benefits, are only available to a prospective purchaser for the remainder of the day on which the assertion, representation or statement is made, except that the person may state that the incentives are not guaranteed in the future and that they may be subject to negotiation in the future. (2m)  Value of incentives. Making any assertion, representation or statement that an incentive or inducement to purchase has a specified price or value unless the incentive or inducement is customarily sold apart from the sale of a time share. (3)  Resale value. Misrepresenting the resale value of a time share. (4)  Financial investment. Representing a time share as a financial investment. (5)  Salespersons. Misrepresenting the identity, function, or authority of a salesperson or team of salespersons. (6)  Contradictory statements. Making any assertion, representation or statement of material fact which is inconsistent with or contradictory to the terms or provisions of the purchase contract or material provided with the purchase contract. (7)  Length of sales presentation. Misrepresenting the reasonably estimated length of any sales presentation by a salesperson or team of salespersons. (8)  Seller's identity. Failing to clearly disclose the seller's identity and that time shares are being offered for sale at the beginning of an initial contact with a prospective purchaser, if the contact is initiated by or on behalf of a seller. (9)  Purpose of advertising material. Failing to include the following disclosure, in boldface type, on any printed advertising material, including any lodging certificate, gift, award, prize, premium or discount: THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF TIME-SHARE PROPERTY OR INTERESTS IN TIME-SHARE PROPERTY.  (10)  Gifts and prizes. A mail or coupon promotion sent to residents of this state that offers any award, gift or prize for visiting a development or attending any sales presentation shall comply with the requirements of s. 100.171. (11)  Waiver. Entering into or requesting a person to enter into any agreement or stipulation that binds the person to waive compliance with this section or that requests the person to certify the absence of any misrepresentation or other violation of this section.History:  1987 a. 399; 1991 a. 269; 1997 a. 111; 2007 a. 18; 2015 a. 258.Timeshare Sales: A Consumer Protection Perspective. Fons. Wis. Law. Sept. 2017.
WI Stat § 707.56 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.56 - Developer's obligation to complete improvements.

707.56  Developer's obligation to complete improvements. The developer shall complete all promised improvements as described in the time-share instrument, promotional materials, advertising and the time-share disclosure statements. The developer shall be excused for the period or periods of delay in the completion of any promised improvement if delayed, hindered or prevented from doing so by causes beyond the developer's control, including any of the following: (1) Labor disputes not caused by the developer. (2) Riots. (3) Civil commotion or insurrection. (4) War or warlike operations. (5) Governmental restrictions, regulations or control. (6) Inability to obtain any materials or services. (7) Fire or other casualties. (8) Acts of God. (9) Forces not under the control or supervision of the developer.History:  1987 a. 399.
WI Stat § 707.57 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.57 - Remedies and penalties.

707.57  Remedies and penalties. (1) Private remedies. (a) If a developer or any other person subject to this chapter fails to comply with this chapter or the time-share instrument, any person or class of persons adversely affected by the failure to comply has a claim for appropriate relief, including but not limited to damages, injunctive or declaratory relief, specific performance and rescission.(b) A person or class of persons entitled to relief under par. (a) is also entitled to recover costs, disbursements and reasonable attorney fees, notwithstanding s. 814.04 (1). (2)  Department of agriculture, trade and consumer protection authority.  (a) The department of agriculture, trade and consumer protection, or any district attorney upon informing the department of agriculture, trade and consumer protection, may commence an action in circuit court in the name of the state to restrain by temporary or permanent injunction any violation of this chapter. Before entry of final judgment, the court may make such orders or judgments as may be necessary to restore to any person any pecuniary loss suffered because of the acts or practices involved in the action if proof of these acts or practices is submitted to the satisfaction of the court.(b) The department of agriculture, trade and consumer protection may conduct hearings, administer oaths, issue subpoenas and take testimony to aid in its investigation of violations of this chapter. (3)  Penalty. Any person who violates this chapter shall be required to forfeit not more than $5,000 for each offense. Forfeitures under this subsection shall be enforced by action on behalf of the state by the department of agriculture, trade and consumer protection or by the district attorney of the county where the violation occurs. (4)  Liberal construction. The remedies provided by this chapter shall be liberally administered.History:  1987 a. 399; 1995 a. 27.That under sub. (1), any person or class of persons adversely affected by the failure to comply with ch. 707 has a claim does not require that a plaintiff must show some specific harm or pecuniary loss resulting from a seller's violations in order to obtain a remedy under sub. (1). The requirement that a plaintiff be adversely affected by a violation serves to exclude those who have not entered into a transaction with a time-share seller from bringing suit for the seller's violations of ch. 707. Ott v. Peppertree Resort Villas, Inc. 2006 WI App 77, 292 Wis. 2d 173, 716 N.W.2d 127, 04-1226.
WI Stat § 707.58 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.58 - Applicability to existing time shares.

707.58  Applicability to existing time shares. (1) This chapter applies to all time shares created in units within this state on or after June 1, 1988, and to time shares created before June 1, 1988, as provided in subs. (2) to (12). (2) Sections 707.03, 707.30 (5) (a) 1. to 9. and 14. to 16. and (c) 1., 707.35 (1) to (6) and (8), 707.36, 707.37, 707.38 (1), (2), (3) and (5), 707.40 and 707.50 to 707.52 apply to time shares created before June 1, 1988. (3) Sections 707.06 and 707.07 apply to contracts relating to time shares created before June 1, 1988, if the contract is entered into on or after June 1, 1988. (4) Section 707.23 applies to time-share units created before June 1, 1988, but s. 707.23 does not apply to actions for partition which are brought before June 1, 1988. (5) Section 707.34 applies to actions relating to time shares created before June 1, 1988, if those actions accrued on or after June 1, 1988. (6) Section 707.35 (7) applies to time-share property created before June 1, 1988, which is damaged or destroyed on or after June 1, 1988. (7) Sections 707.38 (1m) and (4), 707.41 to 707.48 and 707.54 to 707.56 apply to time shares which were created before June 1, 1988, and which are sold on or after June 1, 1988. (8) Section 707.49 applies to time shares created before June 1, 1988, with respect to deposits, as defined in s. 707.49 (1) (b), relating to those time shares which are received on or after June 1, 1988. (9) Section 707.53 applies to time shares created before June 1, 1988, with respect to warranties relating to those time shares which are made on or after June 1, 1988. (10) Section 707.57 applies to actions relating to time shares created before June 1, 1988, to the extent the time shares are subject to this chapter. (11) Section 707.02 applies to time shares created before June 1, 1988 to the extent necessary to construe any of the provisions listed in subs. (2) to (10). (12) The provisions listed in subs. (2) to (11) do not apply to time shares created before June 1, 1988, if the provision conflicts with any rights or obligations created by a time-share instrument, document transferring an estate or interest in real property, or contract, existing before June 1, 1988. (13) The time-share instrument or similar document of a time-share property created before June 1, 1988, may be amended to accomplish any result permitted by this chapter if the amendment is adopted in conformity with the procedures and requirements specified by the time-share instrument or similar document. If the amendment grants to any person any rights, powers or privileges permitted by this chapter, all correlative obligations, liabilities and restrictions in this chapter also apply to that person.History:  1987 a. 399; 1989 a. 31.
WI Stat § 707.59 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 707 - Time-share ownership.|707.59 - Time-share units not within state.

707.59  Time-share units not within state. (1) Except as provided in sub. (2), if time shares in a time-share unit located outside of this state are offered or sold in this state, the laws of the state where the time-share unit is located which relate to a general matter covered by this chapter apply to the offer or sale of those time shares in this state. If the state in which the time-share unit is located has no laws relating to a general matter covered by this chapter, the provision in this chapter relating to that matter applies to the offer or sale of those time shares in this state. (2) Section 707.55 applies to any offer or sale of a time share in a time-share unit, whether the time-share unit is located in this state or outside this state.History:  1987 a. 399.
WI Stat § 708.01 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.01 - Effect of mortgage.

708.01  Effect of mortgage. A mortgage on real property creates a lien on the property mortgaged; except for the lien and subject to s. 708.11, the mortgagor retains the interest that the mortgagor had at the time of mortgage until that interest is divested by some later act.History:  1993 a. 486; 1995 a. 283.An acceleration clause providing that a mortgage becomes due and payable, at the option of the mortgagee, if the mortgaged premises are leased or transferred without its written permission, while not contrary to public policy, is enforceable only in accord with equitable principles governing foreclosure actions. Mutual Federal Savings & Loan v. American Medical Services, 66 Wis. 2d 210, 223 N.W.2d 921 (1974).
WI Stat § 708.02 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.02 - Foreclosure; effect in lease.

708.02  Foreclosure; effect in lease. If property subject to lien created by mortgage or land contract is leased after the lien has attached, the lease is subject to termination at the time the interest of the lienor is terminated.
WI Stat § 708.03 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.03 - Prohibiting lender from designating attorney for mortgagor.

708.03  Prohibiting lender from designating attorney for mortgagor. A bank, savings bank, savings and loan association or other lender or lending agency requiring a borrower to give a mortgage on real estate as security for a loan or an existing indebtedness may not designate the attorney to represent the mortgagor's interest in connection with the giving of the mortgage if the mortgagor has or desires a different attorney for that purpose. Any person violating this section shall be fined not more than $100 for each violation.History:  1991 a. 221.
WI Stat § 708.04 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.04 - Removal of buildings from mortgaged premises.

708.04  Removal of buildings from mortgaged premises. The removal, without the consent of the mortgagee or the mortgagee's assigns, of any building from any real estate upon which there is an unsatisfied mortgage, properly recorded, shall not destroy the lien of such mortgage upon such removed building, but the mortgagee or the mortgagee's assigns shall be entitled to recover the possession of the same in an action of replevin, from any person, and wherever the same may be situated, without regard to the question of the adequacy of the real estate remaining to pay the mortgage debt. If such removal be made by the mortgagor or with the mortgagor's consent, all reasonable expense incurred in recovering such building shall be added to, and collected as a part of, the mortgage debt.History:  1993 a. 486.
WI Stat § 708.05 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.05 - Mortgages, power to sell under.

708.05  Mortgages, power to sell under. When a power to sell lands shall be given to the grantee in any mortgage or other conveyance intended to secure the payment of money the power shall be deemed a part of the security and shall vest in and may be executed by any person, who, by assignment or otherwise, shall become entitled to the money so secured to be paid.
WI Stat § 708.07 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.07 - Satisfaction of state mortgages.

708.07  Satisfaction of state mortgages. In any case where the records of the offices of the state treasurer and secretary of state fail to show any payments made upon any mortgage of real estate to the state or territory of Wisconsin since January 1, 1865, it shall be the duty of the state treasurer, on demand, to execute, acknowledge and deliver to the owner of all or any portion of the land conveyed by any such mortgage a satisfaction in due form of law acknowledging the satisfaction and discharge of such mortgage, and such satisfaction when so executed shall be conclusive evidence of the payment and discharge of such mortgage and the satisfaction of the lien thereby secured.
WI Stat § 708.09 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.09 - Purchase money mortgage defined.

708.09  Purchase money mortgage defined. A purchase money mortgage is one given as part of the transaction of purchase to the vendor of real estate for all or part of the purchase money or to a 3rd person who advances all or a part of the purchase money.A purchase money mortgage executed at the time of delivery of the conveyance of legal title has priority, as to the property conveyed, over existing judgments and executions against the mortgagor-vendee, whether the mortgagee is the vendor or a 3rd party who furnishes the purchase price. Northern State Bank v. Toal, 69 Wis. 2d 50, 230 N.W.2d 153 (1975).
WI Stat § 708.11 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 708 - Mortgages and land contracts.|708.11 - Assignments of rents, leases and profits.

708.11  Assignments of rents, leases and profits. (1) In this section, “assignment" means any assignment, pledge, transfer or any other conveyance of an interest in rents, leases or profits, whether contained in a mortgage, security agreement or other document executed by the assignor. (2) When any debt or other obligation is secured by an assignment, the assignment shall be effective as to the assignor upon the execution and delivery of the assignment to the assignee. The assignment shall be perfected as to all subsequent purchasers, mortgagees, lien creditors, and all other 3rd parties for all purposes from the time and date of recording the assignment in the register of deeds office of the county in which the real property affected by the assignment is located. The assignment shall be governed by ch. 706 and shall be considered a conveyance for the purposes of ch. 706. An assignee who enforces an assignment in accordance with its terms shall not be considered to be a mortgagee in possession with attendant liability. (3) (a) Unless otherwise agreed upon in writing, the assignee shall be entitled to enforce the assignment without the necessity of any of the following:1. Furnishing notice to the assignor or any lessee.2. Obtaining possession of the real property.3. Impounding the rents.4. Securing the appointment of a receiver.5. Taking any other affirmative action.(b) Unless otherwise agreed upon in writing, the assignee may not exercise any right to collect rents or profits created under an assignment until the assignor is in default on the obligation to the assignee. Enforcement of the assignment shall not be considered a cure of an event of default not withstanding the collection of rents or profits in excess of any delinquent amounts due the assignee. (4) Any tenant or lessee who, upon notice from an assignee, makes rent payments to the assignee in accordance with the terms of the assignment shall be given credit for the payment as if the payment had been made to the assignor, but nothing in this section shall affect the other rights and obligations of the assignor or the tenant or lessee as to one another. (5) This section does not invalidate assignments of leases, rents or profits that were perfected by other means before May 9, 1996.History:  1995 a. 283.Enforcing Assignments of Leases, Rents and Profits. Leibsle. Wis. Law. May 1996.
WI Stat § 709.001 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 709 - Disclosures by owners of real estate.|709.001 - Definitions.

709.001  Definitions. In this chapter: (1) “Condominium unit" or “unit" has the meaning given for “unit" in s. 703.02 (15). (2) “Dwelling unit" has the meaning given in s. 101.61 (1). (3) “Public agency" has the meaning given in s. 66.0825 (3) (h). (4) “Qualified 3rd party" has the meaning given in s. 452.23 (2) (b). (5) “Real property" means either of the following:(a) Real property that includes 1 to 4 dwelling units, but excluding property that has not been inhabited.(b) Real property that does not include any buildings. (6) “Time-share property" has the meaning given in s. 707.02 (32).History:  2011 a. 107.
WI Stat § 709.01 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 709 - Disclosures by owners of real estate.|709.01 - Requirements for transfer.

709.01  Requirements for transfer. (1) Except as provided in sub. (2), all persons who transfer real property located in this state, including a condominium unit and time-share property, by sale, exchange, or land contract, unless the transfer is exempt from the real estate transfer fee under s. 77.25, shall comply with ss. 709.02 to 709.04 and 709.06. (2) Subsection (1) does not apply to any of the following persons, if those persons have never occupied the property transferred:(a) Personal representatives.(b) Trustees.(c) Conservators.(d) Fiduciaries who are appointed by, or subject to the supervision of, a court.History:  1991 a. 162; 1995 a. 180; 2011 a. 107.Truth or Consequences? Residential Seller Disclosure Law. Conrad. Wis. Law. August 1992.Protecting the Residential Seller. Young. Wis. Law. May 1993.
WI Stat § 709.035 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 709 - Disclosures by owners of real estate.|709.035 - Amendments to report.

709.035  Amendments to report. If at any time after completing a report, whether the original or an amended report, but before acceptance of a contract of sale or option contract an owner obtains information or becomes aware of any condition that would change a response on the completed report, the owner shall submit to a prospective buyer, within the time required under s. 709.02, a complete amended report or an amendment to the previously completed report, along with a copy of the previously completed report if not already submitted to the prospective buyer, that states all of the following: (1) The address of the property. (2) The owner's name. (3) The date of the report being amended. (4) The number of any statement on the report that is affected by the new information. (5) How the owner's original response to the statement is changed and, if the response is changed to “yes", an explanation of the reason why the response to the statement is “yes".History:  1995 a. 180.
WI Stat § 709.04 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 709 - Disclosures by owners of real estate.|709.04 - Indication of compliance.

709.04  Indication of compliance. An owner shall indicate compliance with this chapter on the contract of sale or option contract, on the closing statement or in an addendum to one of those documents.History:  1991 a. 162; 1995 a. 180.
WI Stat § 709.05 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 709 - Disclosures by owners of real estate.|709.05 - Right to rescind.

709.05  Right to rescind. (1) Except as provided in sub. (2) (b), if a buyer receives a report after submission of a contract of sale or option contract to the owner or the owner's agent, the buyer may, after receipt of that report by the prospective buyer and before the applicable deadline, rescind in writing a contract of sale or option contract if a defect, as defined in the report, is disclosed, without any liability on his or her part, and a buyer is entitled to the return of any deposits or option fees paid in the transaction. A prospective buyer who receives a report that is incomplete or that contains an inaccurate assertion that an item is not applicable and who is not aware of the defects that the owner failed to disclose may, within 2 business days after receipt of that report, rescind in writing a contract of sale or option contract without any liability on his or her part and is entitled to the return of any deposits or option fees paid in the transaction. (2) (a)1. Except as provided in subd. 2., a buyer may not rescind a contract of sale or option contract under this section if he or she receives a complete report before submitting the contract of sale or option contract to the owner or the owner's agent.2. Unless par. (b) applies, a buyer under subd. 1. who, after submitting the contract of sale or option contract to the owner or the owner's agent, receives an amended report, or an amendment to the report previously received, that discloses a defect that was not disclosed in the report previously received may, after receipt of the amended report or amendment to the report and before the applicable deadline, rescind in writing the contract of sale or option contract and is entitled to the return of any deposits or option fees paid in the transaction.(b) A buyer may not rescind a contract of sale or option contract under this section on the basis of a defect disclosed in a report, amended report or amendment to a report if the buyer was aware, or had written notice, of the nature and extent of the defect at the time the contract of sale or option contract was submitted to the owner or the owner's agent. (3) Rescissions under this section are timely if they are delivered to the owner or the owner's agent within 2 business days after the prospective buyer or the prospective buyer's agent receives the report, amended report or amendment to the report. (4) The right to rescind under this section is the only remedy under this chapter.History:  1991 a. 162; 1995 a. 180.
WI Stat § 709.06 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 709 - Disclosures by owners of real estate.|709.06 - Good faith.

709.06  Good faith. The owner shall perform each act, and make each disclosure, required by this chapter with honesty in fact.History:  1991 a. 162.