Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Financial InstitutionsDepartment of Financial Institutions-Wisconsin Consumer Act
Chapter DFI-WCA 1 - Wisconsin consumer act
Section DFI-WCA 1.281 - Deferral charges; alternative computation

Wis. Admin. Code Department of Financial Institutions DFI-WCA 1.281

Download
PDF
Current through October 28, 2024
Section DFI-WCA 1.281 - Deferral charges; alternative computation

The methods for computing deferral charges described in s. 422.204(1) (a) and (b), Stats., are alternatives and a creditor may elect to use either method to the extent that he or she can apply it to the particular transaction. However, if the transaction is not one to which s. 422.204(1) (a), Stats., could apply, for example, because of irregular payments, then the creditor must compute the deferral pursuant to s. 422.204(1) (b), Stats.

Wis. Admin. Code Department of Financial Institutions DFI-WCA 1.281

CR Register, June, 1973, No. 210, eff. 7-1-73; correction made under s. 13.93(2m) (b) 5, Stats., Register, December, 1991, No. 432; correction made under s. 13.93(2m) (b) 7, Stats., Register, May, 1993, No. 449.