Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Financial InstitutionsDepartment of Financial Institutions-Savings & Loan
Chapter DFI-SL 8 - Fairness in lending
Section DFI-SL 8.05 - Written notice to borrower required for denial of loan applications

Wis. Admin. Code Department of Financial Institutions DFI-SL 8.05

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Current through August 26, 2024
Section DFI-SL 8.05 - Written notice to borrower required for denial of loan applications

There shall be a presumption of discrimination, in violation of s. DFI-SL 8.04, if a written loan application is rejected or the loan commitment contains terms other than those originally applied for and the reason for the rejection or modification is not indicated to the applicant in writing. This section does not apply if notice of adverse action is given under federal law.

Wis. Admin. Code Department of Financial Institutions DFI-SL 8.05

CR Register, June, 1989, No. 402, eff. 7-1-89.