Wis. Admin. Code Department of Financial Institutions DFI-Bkg 75.04

Current through November 25, 2024
Section DFI-Bkg 75.04 - Disclosure requirements
(1) The disclosures required by s. 138.14(9g) (a)1, 2., 4., 5., and 6., Stats., shall be provided to the applicant in a single written document that is in a form prescribed by the division. The form shall be:
(a) Signed and dated by the applicant.
(b) Signed and dated by a representative of the licensee.
(c) On white paper sized 8.5 inches x 11 inches and in Times New Roman font style 12 or greater.
(d) Delivered to the customer in the English and Spanish languages, or at the customer's option, in the English or Spanish language.
(2) The licensee shall retain a copy of each signed disclosure form in the customer's file.
(3) If the applicant is applying for a payday loan via the Internet, the lender's compliance with sub. (1)(c) will be based on how the form is displayed on the lender's computer, and not based on how the form is displayed on the applicant's computer.

Wis. Admin. Code Department of Financial Institutions DFI-Bkg 75.04

CR 10-098: CR Register May 2011 No. 665, eff. 6-1-11.

A copy of the disclosure form may be downloaded from the department's website at www.wdfi.org [File Link Not Available].