Wis. Admin. Code Department of Financial Institutions DFI-Bkg 77.07

Current through November 25, 2024

Section DFI-Bkg 77.07 - Effect of nonredemption

A pledgor has no obligation to redeem pledged goods or make any payment on a pawn transaction. Pledged goods not redeemed within 30 days after the original or extended maturity date of the loan shall automatically be forfeited to the pawnbroker.

Wis. Admin. Code Department of Financial Institutions DFI-Bkg 77.07

CR 06-124: CR Register March 2007 No. 615, eff. 4-1-07.

Amended by, CR 23-039: am. Register February 2024 No. 819, eff. 4/1/2024