Collection agencies in Wisconsin need to change their collection notices to comply with new Wisconsi...

1. Wisconsin Special Text Requirement
Collection agencies in Wisconsin need to change their collection notices to comply with new
Wisconsin bill, 2013 A.B. 277, which changes the existing text requirement from Wis. Admin. Code
§ DFI-Bkg 74.13(1).
Under the new changes, the following replaces the old special wording:
“This collection agency is licensed by the Division of Banking in the Wisconsin Department of
Financial Institutions, www.wdfi.org."
The notice has to be in 8-point font and can be on either the initial letter or in a letter sent up to five
days after the initial communication.
If printed on the back, the front should state the following verbiage...“Notice: See Reverse
Side for Important Information.”
For additional information on state special text disclosures contact CompuMail.
This information is not intended to be legal advice and may not be used as legal advice. Legal advice
must be tailored to the specific circumstances of each case. Every effort has been made to assure
that this information is up-to-date as of the date of publication. It is not intended to be a full and
exhaustive explanation of the law in any area, nor should it be used to replace the advice of your
own counsel.
http://legal-dictionary.thefreedictionary.com/Wisconsin+(state)
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