Wis. Admin. Code ATCP § ATCP 127.74

Current through November 25, 2024
Section ATCP 127.74 - Prohibited practices

No seller may do any of the following in a face-to-face transaction:

(1) Threaten, intimidate or harass a consumer.
(2) Fail to leave a consumer's premises upon request.
(3) Request or receive payment for seeking or arranging a loan or extension of credit until the consumer actually receives that loan or extension of credit, if the seller has represented that efforts to obtain a loan or extension of credit would likely be successful.
(4) Fail to do either of the following if the transaction qualifies as a consumer approval transaction under s. 423.201, Stats., and is not subject to s. 423.202(4), Stats.:
(a) Provide a notice under s. 423.203, Stats., of the consumer's right to cancel.
(b) Honor the consumer's right to cancel under s. 423.202, Stats.

Wis. Admin. Code Department of Agriculture, Trade and Consumer Protection ATCP 127.74

Cr. Register, July, 1999, No. 523, eff. 8-1-99.

Under s. 423.202, Stats., a consumer may cancel a consumer approval transaction until midnight of the 3rd business day after the seller gives the consumer a required written notice of cancellation rights under s. 423.203, Stats. The consumer's cancellation rights under s. 423.202, Stats., are in addition to any other cancellation rights which the consumer may have under contract law.