218.0141 Contract provisions. No contract for the sale of a motor vehicle shall contain a clause which, upon nonacceptance of the vehicle by the buyer, would subject the buyer to a penalty greater than 5 percent of the cash price of the vehicle.
History: 1999 a. 31 ss. 254 to 255.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 218 - Finance companies, auto dealers, adjustment companies and collection agencies.
218.0111 - Authority of licensors.
218.0114 - Licenses, how granted; agreements, filing.
218.0116 - Licenses, how denied, suspended or revoked.
218.0119 - Changes in places of business to be reported.
218.0122 - Damages to delivered vehicles.
218.0123 - Vehicle allocations.
218.0124 - Performance standards.
218.0125 - Warranty reimbursement.
218.0126 - Promotional allowances.
218.0132 - Termination provisions.
218.0133 - Termination benefits.
218.0134 - Dealership changes.
218.0136 - Mediation of disputes between licensees.
218.0137 - Arbitration of disputes between licensees.
218.0138 - Immunity and presumption of good faith.
218.0141 - Contract provisions.
218.0143 - Notice of insurance to buyer under installment sales contract.
218.0144 - Prelease agreements.
218.0147 - Purchase or lease of motor vehicle by minor.
218.0148 - Guaranteed asset protection agreements.
218.0151 - Advisory committee.
218.0152 - Rules and regulations.
218.0162 - Commencement of action.
218.0171 - Repair, replacement and refund under new motor vehicle warranties.
218.0172 - Motor vehicle adjustment programs.
218.02 - Adjustment service companies.
218.05 - Community currency exchanges.
218.11 - Recreational vehicle dealers regulated.
218.12 - Recreational vehicle salespersons regulated.
218.15 - Sale or lease of used recreational vehicles.
218.205 - Motor vehicle salvage dealers to be licensed.
218.21 - Application for salvage dealer's license.
218.22 - When department to license salvage dealers.
218.23 - Licensee to maintain records; purchase and sale of vehicles by licensee.
218.24 - Salvage dealer license number displayed on trucks and truck-tractors.
218.305 - Motor vehicle auction dealers to be licensed.
218.31 - Application for auction dealer's license.
218.32 - When department to license auction dealer.
218.33 - Motor vehicle auction dealer to be bonded; conduct of auction business.
218.34 - Purchases from a motor vehicle auction.
218.41 - Moped dealers regulated.
218.42 - Examination by department.
218.505 - Salvage pools to be licensed as wholesalers.
218.51 - Buyer identification cards.