Wisconsin § 424.206 Deferral, refinancing and consolidation agreements.

Wisconsin Statutes

§ 424.206 — Deferral, refinancing and consolidation agreements.

Wisconsin § 424.206

Ch. 424Consumer transactions — insurance

Subch.subch. II of ch. 424 SUBCHAPTER II

CONSUMER CREDIT INSURANCE

This text of Wisconsin § 424.206 (Deferral, refinancing and consolidation agreements.) 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. § 424.206 (2026).

Text

206
206(1) (1) The creditor may not receive a separate charge for insurance in connection with a deferral (s. 422.204 ), a refinancing (s. 422.205 ) or a consolidation (s. 422.206 ) unless:
206(1)(a) (a) The customer agrees in writing at the time of deferral, refinancing or consolidation that a specific charge may be made;
206(1)(b) (b) The customer is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which the customer would have been entitled had there been no deferral, refinancing or consolidation;
206(1)(c) (c) The customer receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated (s. 424.205 ); and
206(1)(d) (d) The 

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424.206
424.206(1) (1) The creditor may not receive a separate charge for insurance in connection with a deferral (s. 422.204 ), a refinancing (s. 422.205 ) or a consolidation (s. 422.206 ) unless:
424.206(1)(a) (a) The customer agrees in writing at the time of deferral, refinancing or consolidation that a specific charge may be made;
424.206(1)(b) (b) The customer is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which the customer would have been entitled had there been no deferral, refinancing or consolidation;
424.206(1)(c) (c) The customer receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated (s. 424.205 ); and
424.206(1)(d) (d) The charge does not exceed the amount permitted by this chapter (s. 424.204 ).
424.206(2) (2) A creditor may not contract for or receive a separate charge for insurance which duplicates insurance with respect to which the creditor has previously contracted for or received a separate charge.
424.206(3) (3) A violation of this section is subject to the provisions of s. 425.303 .