Security Finance v. KirschAnnotate this Case
The Supreme Court affirmed the decision of the court of appeals affirming the circuit court's order granting Security Finance's (Security) motion to dismiss Brian Kirsch's (Kirsch) counterclaims against Security under Wis. Stat. Chapters 425 and 427, holding that Kirsch's counterclaims were properly dismissed.
Security and Kirsch entered into a loan agreement. Kirsch later defaulted on the payment obligation. Security subsequently filed a small claims lawsuit against Kirsch to enforce the agreement and collect the alleged debt. Kirsch counterclaimed for damages under chapter 427, the Wisconsin Consumer Act, on the grounds that Security filed this action before serving Kirsch with a notice of right to cure default satisfying the requirements set forth in chapter 425. The circuit court dismissed the counterclaim relating to the notice of right to cure default. The court of appeals affirmed. The Supreme Court affirmed, holding that a creditor's failure to provide a notice of right to cure default does not constitute a sufficient basis for relief under chapter 427.