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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Wisconsin Statutes Consumer Transactions (Ch. 421 to 429) § 422.307. Estimates or approximations - last updated January 01, 2025 | https://codes.findlaw.com/wi/consumer-transactions-ch-421-to-429/wi-st-422-307/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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