Wisconsin Statutes Consumer Transactions (Ch. 421 to 429) § 428.202. Definitions

(1) “Bridge loan” means a loan with a maturity of less than 18 months which requires only payments of interest until the time that the unpaid balance is due.

(1m) “Business day” has the meaning that is specified under 12 CFR 226.2(a)(6) for purposes of 12 CFR 226.31.

(2) “Covered loan” means a consumer credit mortgage loan transaction other than an open-end credit plan or reverse mortgage in which all of the following apply:

(3) “Customer” means an individual to whom a covered loan is offered or made. “Customer” does not include a surety, guarantor, cosigner, or endorser.

(4) “Department” means the department of financial institutions.

(5) “Lender” means any person who originates a covered loan and to whom the covered loan is initially payable, except that “lender” does not include an assignee of a covered loan or any person who, for at least 12 consecutive months, has failed to originate any covered loans.

(5m) “Licensed lender” means a person licensed under s. 138.09.

(6m) “Local governmental unit” has the meaning given in s. 16.97(7).

(7) “Mortgage banker” has the meaning given in s. 224.71(3).

(8) “Mortgage broker” has the meaning given in s. 224.71(4).

(9) “Mortgage loan originator” has the meaning given in s. 224.71(6).

(10) “Servicer” has the meaning given in 12 USC 2605(i)(2).