Wisconsin § 422.417 Restrictions on security interests.

Wisconsin Statutes

§ 422.417 — Restrictions on security interests.

Wisconsin § 422.417

Ch. 422Consumer credit transactions

Subch.subch. IV of ch. 422 SUBCHAPTER IV

LIMITATIONS ON AGREEMENTS AND PRACTICES

This text of Wisconsin § 422.417 (Restrictions on security interests.) 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. § 422.417 (2026).

Text

417
417(1) (1) With respect to a consumer credit sale a seller may take a security interest only in:
417(1)(a) (a) The property sold;
417(1)(b) (b) Goods upon which the property sold is installed or to which it is annexed, or goods upon which the services sold are performed, if the obligation secured is $500 or more;
417(1)(c) (c) Real property to which the property sold is affixed, or which is maintained, repaired or improved as a result of the sale of the property or services, if the obligation secured is $1,000 or more; and
417(1)(d) (d) Goods of the consumer which were the subject of a prior transaction with the seller which is consolidated (s. 422.206 ) with the consumer credit sale, or if the consumer credit sale is made pursuant to an open-end credit plan, go

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422.417
422.417(1) (1) With respect to a consumer credit sale a seller may take a security interest only in:
422.417(1)(a) (a) The property sold;
422.417(1)(b) (b) Goods upon which the property sold is installed or to which it is annexed, or goods upon which the services sold are performed, if the obligation secured is $500 or more;
422.417(1)(c) (c) Real property to which the property sold is affixed, or which is maintained, repaired or improved as a result of the sale of the property or services, if the obligation secured is $1,000 or more; and
422.417(1)(d) (d) Goods of the consumer which were the subject of a prior transaction with the seller which is consolidated (s. 422.206 ) with the consumer credit sale, or if the consumer credit sale is made pursuant to an open-end credit plan, goods previously purchased by the consumer pursuant to the plan, subject however to s. 422.418 .
422.417(2) (2) With respect to a consumer lease, except as otherwise provided in s. 429.205 with respect to a motor vehicle consumer lease, a lessor may not take a security interest in any property owned or leased by the customer other than the leased goods to secure the lessor’s obligations under the lease. This subsection does not prohibit a security interest in a cash security deposit for a consumer lease of motor vehicles.
422.417(3) (3) With respect to a consumer loan, in addition to the limitations on security interests required by 12 CFR 227.13 (d) , 12 CFR 535.2 (a) (4) or 16 CFR 444.2 (a) 4, if any, a lender may not take a security interest, other than a purchase money security interest, in:
422.417(3)(a) (a) Clothing of the customer and the customer’s dependents and the following, if they are not fixtures: dining table and chairs, refrigerator, heating stove, cooking stove, radio, beds and bedding, couch and chairs, cooking utensils and kitchenware; or
422.417(3)(b) (b) Real property if the obligation secured is less than $1,000.
422.417(4) (4) A violation of this section is subject to s. 425.304 .

Legislative History

422.417 History History: 1971 c. 239 ; 1973 c. 3 ; 1975 c. 406 , 407 , 421 ; 1981 c. 20 , 391 ; 1985 a. 256 ; 1989 a. 359 ; 1991 a. 316 ; 1995 a. 329 ; 1997 a. 302 .