Is the additional charge a finance charge in Wisconsin?
Is the additional charge a finance charge in Wisconsin?
The additional charge for the extended payments is a finance charge and specific disclosures of credit terms are required by state and federal laws. There are no interest rate limitations for credit transactions in Wisconsin.
Is there a late payment charge in Wisconsin?
In either case, the Wisconsin Statutes require that the merchant contract for the charge. If a merchant expects to collect an additional charge, it is just as important to include that provision in the contract as the price agreed upon for the goods or services. Late payment charges are governed by Section 138.05 (3), Wis. Stats.
Can a merchant collect a charge in Wisconsin?
In either case, the Wisconsin Statutes require that the merchant contract for the charge. If a merchant expects to collect an additional charge, it is just as important to include that provision in the contract as the price agreed upon for the goods or services.
What are the statutes of the state of Wisconsin?
The Wisconsin Statutes consist of the Statutes of 1898, as affected by all subsequent acts of the legislature and certain orders of the supreme court. Joint Legislative Rule 53 (1) provides that when an act, or part of an act, creates a statute section number, there is a legislative intent to make the section a part…
The additional charge for the extended payments is a finance charge and specific disclosures of credit terms are required by state and federal laws. There are no interest rate limitations for credit transactions in Wisconsin.
How are late payment charges regulated in Wisconsin?
Late payment charges are governed by Section 138.05 (3), Wis. Stats. (PDF: external link), on purchases for individual, family or household purposes. Finance charges on consumer transactions are regulated by the Wisconsin Consumer Act.
In either case, the Wisconsin Statutes require that the merchant contract for the charge. If a merchant expects to collect an additional charge, it is just as important to include that provision in the contract as the price agreed upon for the goods or services.
When is the Wisconsin Department of revenue required to post delinquent taxpayers?
Effective October 1, 2009, the Wisconsin Department of Revenue is required by section 73.03 (64), Wis. Stats., to post information about delinquent taxpayers on the Internet if they have had a sellers permit revoked and have an outstanding delinquent balance.