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2017 Wisconsin Statutes & Annotations
Chapter 422. Consumer credit transactions.
422.307 Estimates or approximations.
Universal Citation: WI Stat § 422.307 (2017)
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.
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