Wisconsin § 422.404 Assignment of earnings.

Wisconsin Statutes

§ 422.404 — Assignment of earnings.

Wisconsin § 422.404

Ch. 422Consumer credit transactions

Subch.subch. IV of ch. 422 SUBCHAPTER IV

LIMITATIONS ON AGREEMENTS AND PRACTICES

This text of Wisconsin § 422.404 (Assignment of earnings.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 422.404 (2026).

Text

404
404(1) (1) No merchant shall take or arrange for an assignment of earnings of the customer for payment or as security for payment of an obligation arising out of a consumer transaction unless such assignment is revocable at will by the customer.
404(2) (2) A revocable assignment of earnings made as payment or as security for payment of an obligation arising out of a consumer credit transaction, which would otherwise expire under s. 241.09 , shall be deemed to be renewed for a term not to exceed 6 months if:
404(2)(a) (a) The original authorization contained a conspicuous notice of the customer’s right to revoke;
404(2)(b) (b) Prior to expiration, the merchant mails a notice to the customer which conspicuously states that the assignment of earnings is revocable, and 

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422.404
422.404(1) (1) No merchant shall take or arrange for an assignment of earnings of the customer for payment or as security for payment of an obligation arising out of a consumer transaction unless such assignment is revocable at will by the customer.
422.404(2) (2) A revocable assignment of earnings made as payment or as security for payment of an obligation arising out of a consumer credit transaction, which would otherwise expire under s. 241.09 , shall be deemed to be renewed for a term not to exceed 6 months if:
422.404(2)(a) (a) The original authorization contained a conspicuous notice of the customer’s right to revoke;
422.404(2)(b) (b) Prior to expiration, the merchant mails a notice to the customer which conspicuously states that the assignment of earnings is revocable, and that it shall continue to run for not more than 6 additional months, unless the merchant receives notice of revocation; and
422.404(2)(c) (c) The customer does not revoke the assignment.
422.404(3) (3) A violation of this section is subject to s. 425.304 .