Wis. Admin. Code Department of Financial Institutions DFI-CU 74.06
Current through October 28, 2024
Except as provided in s. DFI-CU 74.04(3) (b), a credit union may offer a customer the option of paying the fee for a contract in a single payment, provided the credit union also offers the customer a bona fide option of paying the fee for that contract in monthly or other periodic payments. If the credit union offers the customer the option to finance the single payment by adding it to the amount the customer is borrowing, the credit union shall also disclose to the customer, in accordance with s. DFI-CU 74.07, whether and, if so, the time period during which the customer may cancel the agreement and receive a refund.
Wis. Admin. Code Department of Financial Institutions DFI-CU 74.06