Wisconsin § 425.204 Voluntary surrender of collateral.

Wisconsin Statutes

§ 425.204 — Voluntary surrender of collateral.

Wisconsin § 425.204

Ch. 425Consumer transactions — remedies and penalties

Subch.subch. II of ch. 425 SUBCHAPTER II

ENFORCEMENT OF SECURITY INTERESTS IN COLLATERAL

This text of Wisconsin § 425.204 (Voluntary surrender of collateral.) 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. § 425.204 (2026).

Text

204
204(1) (1) Notwithstanding a waiver by the creditor of the security interest in collateral under s. 425.203 (2) or any other law, the customer shall have the right at any time to voluntarily surrender all of the customer’s rights and interests in the collateral to the merchant.
204(2) (2) The rights and obligations of the merchant and customer with respect to collateral voluntarily surrendered as defined in this section shall be governed by subch. VI of ch. 409 , and are not subject to this subchapter.
204(3) (3) The surrender of collateral by a customer is not a voluntary surrender if it is made pursuant to a request or demand, other than a notice under s. 425.205 (1g) (a) , by the merchant for the surrender of the collateral, or if it is made pursuant to a threat, sta

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425.204
425.204(1) (1) Notwithstanding a waiver by the creditor of the security interest in collateral under s. 425.203 (2) or any other law, the customer shall have the right at any time to voluntarily surrender all of the customer’s rights and interests in the collateral to the merchant.
425.204(2) (2) The rights and obligations of the merchant and customer with respect to collateral voluntarily surrendered as defined in this section shall be governed by subch. VI of ch. 409 , and are not subject to this subchapter.
425.204(3) (3) The surrender of collateral by a customer is not a voluntary surrender if it is made pursuant to a request or demand, other than a notice under s. 425.205 (1g) (a) , by the merchant for the surrender of the collateral, or if it is made pursuant to a threat, statement, or notice, other than a notice under s. 425.205 (1g) (a) , by the merchant that the merchant intends to take possession of the collateral.