224.075 Financially related services tie-ins. In any transaction conducted by a bank, bank holding company or a subsidiary of either with a customer who is also a customer of any other subsidiary of any of them, the customer shall be given a notice in 12-point boldface type in substantially the following form:
NOTICE OF RELATIONSHIP
This company, .... (insert name and address of bank, bank holding company or subsidiary), is related to .... (insert name and address of bank, bank holding company or subsidiary) of which you are also a customer. You may not be compelled to buy any product or service from either of the above companies or any other related company in order to participate in this transaction.
If you feel that you have been compelled to buy any product or service from either of the above companies or any other related company in order to participate in this transaction, you should contact the management of either of the above companies at either of the above addresses or the division of banking at .... (insert address).
History: 1985 a. 325; 1995 a. 27.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 224 - Miscellaneous banking and financial institutions provisions.
224.03 - Banking, unlawful, without charter; penalty.
224.05 - Municipality not preferred creditor.
224.06 - Fidelity bonds for bank officers and employees.
224.07 - Checks to clear at par.
224.075 - Financially related services tie-ins.
224.25 - Customer access to appraisals.
224.26 - Customer access to credit reports.
224.30 - Powers and duties of the department.
224.40 - Disclosure of financial records for child support enforcement.
224.42 - Disclosure of financial records for Medical Assistance and food stamp program eligibility.
224.44 - Disclosure of financial records for collection of unemployment insurance debt.
224.46 - Independent data processing servicers.
224.48 - College tuition and expenses program.
224.50 - College savings program.
224.51 - College savings program vendor.
224.52 - Repayment to the general fund.
224.72 - Licensing of mortgage bankers and mortgage brokers.
224.722 - Registered entities.
224.725 - Licensing of mortgage loan originators.
224.728 - Nationwide mortgage licensing system and registry and cooperative arrangements.
224.75 - Record-keeping requirements for licensees.
224.755 - Education and testing requirements for mortgage loan originators.
224.76 - Mortgage banker, mortgage loan originator, and mortgage broker trust accounts.
224.80 - Penalties and private cause of action.
224.81 - Limitation on actions for commissions and other compensation.
224.82 - Compensation presumed.
224.923 - License application.
224.927 - Disclosure of certain application information.
224.935 - Expiration of license.
224.95 - Denial of or disciplinary action relating to license.
224.96 - Required loan loss reserve.
224.97 - Division review of nondepository lender operations.