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 1.361 - Assignment of earnings prohibited; revocation

Wis. Admin. Code Department of Financial Institutions DFI-WCA 1.361

Download
PDF
Current through October 28, 2024
Section DFI-WCA 1.361 - Assignment of earnings prohibited; revocation

In any case where a merchant takes an assignment of earnings subject to s. 422.404, Stats., for payment or as security for payment of an obligation the assignment shall contain on its face a statement in substantially the following language: "THE CUSTOMER MAY TERMINATE THIS ASSIGNMENT AT ANY TIME WITHOUT PENALTY."

Wis. Admin. Code Department of Financial Institutions DFI-WCA 1.361

CR Register, June, 1973, No. 210, eff. 7-1-73.