429.204 Gap amount; notice. If a consumer lease provides that the lessee is responsible for any or all of the gap amount, the consumer lease shall conspicuously disclose this fact, using the term “gap amount". The acceptance of a consumer lease may not be conditioned upon the lessee's agreement to gap insurance or a gap waiver. Section 218.0148 governs gap waivers.
History: 1995 a. 329; 2017 a. 161.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 429 - Motor vehicle consumer leases.
429.103 - Construction against implied repeal.
429.201 - Prelease availability of consumer lease form.
429.202 - Advance payment or trade-in; refund or return.
429.203 - Requirements of a consumer lease.
429.206 - Determination of realized value upon early termination.
429.207 - Restrictions on early termination obligation.
429.208 - Assessment of excess wear and damage.