Chapter 426, CONSUMER TRANSACTIONS — ADMINISTRATION

426.101 Short title. This chapter shall be known and may be cited as Wisconsin consumer act — administration. History: 1971 c. 239.

426.102 Applicability. This chapter applies to persons who do any of the following in this state: (1) Make or solicit consumer approval transactions (s. 423.201) or consumer credit transactions or modifications thereof. (2) Directly collect payments from or enforce rights against…

426.103 Administrator. “Administrator” means the secretary of financial institutions. History: 1971 c. 239; 1995 a. 27, 216.

426.104 Powers of administrator; duty to report. (1) In addition to other powers granted by chs. 421 to 427 and 429, the administrator within the limitations provided by law shall: (a) Receive and act on complaints, take action designed to obtain voluntary compliance with chs. 42…

426.105 Administrative powers with respect to supervised financial organizations. (1) All powers and duties of the administrator under chs. 421 to 427 and 429 shall be exercised by the administrator with respect to a supervised financial organization. (2) If the administrator rec…

426.106 Investigatory powers. (1) At any time that the administrator has reason to believe that a person has engaged in or is about to engage in an act which is subject to action by the administrator, the administrator may make an investigation and, with respect thereto, may admi…

426.107 Application of chapter 227. Except as otherwise provided, ch. 227 applies to and governs all administrative action taken by the administrator pursuant to chs. 421 to 427 and 429. Notwithstanding s. 227.52, the decisions of the administrator are subject to judicial review …

426.108 Unconscionable conduct. The administrator shall promulgate rules declaring specific conduct in consumer credit transactions and the collection of debts arising from consumer credit transactions to be unconscionable and prohibiting the use of those unconscionable acts. In …

426.109 Temporary relief; injunctions. (1) The administrator or any customer may bring a civil action to restrain by temporary or permanent injunction a person from violating chs. 421 to 427 and 429 or the rules promulgated pursuant thereto, or to so restrain a merchant or a pers…

426.110 Class actions; injunctions; declaratory relief. (1) Either the administrator, or any customer affected by a violation of chs. 421 to 427 and 429 or of the rules promulgated pursuant thereto or by a violation of the federal consumer credit protection act, or by conduct of …

426.111 Debtors’ remedies not affected. The grant of powers to the administrator in this chapter does not affect remedies available to customers under chs. 421 to 427 and 429 or under other principles of law or equity. History: 1971 c. 239; 1979 c. 89; 1995 a. 329. SUBCHAPTER II …

426.201 Registration. (1) The registration requirements of this section apply to persons who do any of the following in this state: (a) Make or solicit consumer credit transactions, except a person who engages in consumer credit transactions solely through honoring credit cards i…

426.202 Fees. (1m) AMOUNT OF REGISTRATION FEE. (a) Definitions. In this subsection: 2. “Reporting period” means, for any registration statement, the last full calendar year preceding the date on which the registration statement is due. 3. “Year-end balance” means, for any reporti…

426.203 Penalties. Whoever fails to comply with the registration requirements under s. 426.201 or fails to pay a fee required under s. 426.202 may be required to forfeit not more than $50. Each day that this failure continues constitutes a separate offense. Forfeitures received b…

426.301 Violations and enforcement. banking for inclusion in the report of the division of banking under s. 220.14 and shall include: (a) A description of the examination and investigation procedures and policies of the administrator’s office; (b) A statement of policies followed…