Wisconsin Statutes & Annotations
Chapter 422 - Consumer credit transactions.
422.307 - Estimates or approximations.

422.307 Estimates or approximations. If at the time disclosures must be made, an amount or other item of information required to be disclosed or needed to determine a required disclosure is unknown or not available to the creditor, and a reasonable effort has been made to ascertain it, the creditor may use an estimated amount or approximation of the information, if:
(1) The estimate or approximation is clearly identified as such, is reasonable and is based on the best information available to the creditor; and
(2) The estimate or approximation is not used for the purpose of circumventing or evading the disclosure requirements of this subchapter.
History: 1971 c. 239.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 422 - Consumer credit transactions.

422.101 - Short title.

422.102 - Scope.

422.201 - Finance charge for consumer credit transactions.

422.202 - Additional charges.

422.203 - Delinquency charges.

422.204 - Deferral charges.

422.205 - Finance charge on refinancing.

422.206 - Finance charge on consolidation.

422.207 - Advances to perform agreements of customer.

422.208 - Right to prepay.

422.209 - Rebate on prepayment.

422.210 - Agricultural credit transactions.

422.301 - Requirements of federal act.

422.302 - General requirements and provisions.

422.303 - Form requirements other than open-end or discount.

422.304 - Prohibition of blank writings.

422.305 - Notice to obligors.

422.306 - Receipts; accounting; evidence of payment.

422.307 - Estimates or approximations.

422.308 - Open-end credit disclosures.

422.310 - Refund anticipation loans.

422.401 - Scope.

422.402 - Balloon payments prohibited.

422.403 - Maximum periods of repayment.

422.404 - Assignment of earnings.

422.405 - Authorization to confess judgment prohibited.

422.406 - Negotiable instruments.

422.407 - Defenses assertable against an assignee.

422.408 - Interlocking loans.

422.409 - Notice of assignment.

422.410 - Statements of compliance or performance.

422.411 - Attorney fees.

422.412 - Restriction on liability in consumer lease.

422.413 - Limitation on default charges.

422.414 - Use of multiple agreements.

422.415 - Changes in open-end credit terms.

422.4155 - Notice of termination of liability.

422.416 - Referral transactions prohibited.

422.417 - Restrictions on security interests.

422.418 - Security interests: consolidations; open-end credit plans.

422.419 - Waivers prohibited.

422.420 - Cosigner charges.

422.421 - Variable rate transaction.

422.422 - Cash discounts.

422.501 - Definitions.

422.502 - Registration requirements.

422.503 - Prohibited activities.

422.504 - Information statement.

422.505 - Contracts.

422.506 - Waiver.