Consumer & commercial lending in Wisconsin

Who needs this in Wisconsin

A company that makes consumer loans to Wisconsin residents generally needs a wisconsin consumer act registration / license (confirm category) from Wisconsin Department of Financial Institutions when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute — confirm before you treat a business loan as unlicensed.

Where to file

Wisconsin’s Consumer Act uses registrations and licenses that depend on the product. Use the DFI checklist. File in Wisconsin because the borrower lives there, not because your office does.

Federal overlay

TILA / Regulation Z, ECOA, FCRA, and CFPB supervision sit on top of the state license. A state license does not create a federal charter.

Sources

• NMLS / CSBS state agency contacts