{"data":{"id":"us-wi/wis.-stat.-422.417","jurisdiction":"us-wi","citation":"Wis. Stat. § 422.417","heading":"Restrictions on security interests.","body":"(1) With respect to a consumer credit sale a seller may take a security interest only in:\n(a) The property sold;\n(b) Goods upon which the property sold is installed or to which it is annexed, or goods upon which the services sold are performed, if the obligation secured is $500 or more;\n(c) Real property to which the property sold is affixed, or which is maintained, repaired or improved as a result of the sale of the property or services, if the obligation secured is $1,000 or more; and\n(d) Goods of the consumer which were the subject of a prior transaction with the seller which is consolidated (s. 422.206) with the consumer credit sale, or if the consumer credit sale is made pursuant to an open-end credit plan, goods previously purchased by the consumer pursuant to the plan, subject however to s. 422.418.\n(2) With respect to a consumer lease, except as otherwise provided in s. 429.205 with respect to a motor vehicle consumer lease, a lessor may not take a security interest in any property owned or leased by the customer other than the leased goods to secure the lessor’s obligations under the lease. This subsection does not prohibit a security interest in a cash security deposit for a consumer lease of motor vehicles.\n(3) With respect to a consumer loan, in addition to the limitations on security interests required by 12 CFR 227.13 (d), 12 CFR 535.2 (a) (4) or 16 CFR 444.2 (a) 4, if any, a lender may not take a security interest, other than a purchase money security interest, in:\n(a) Clothing of the customer and the customer’s dependents and the following, if they are not fixtures: dining table and chairs, refrigerator, heating stove, cooking stove, radio, beds and bedding, couch and chairs, cooking utensils and kitchenware; or\n(b) Real property if the obligation secured is less than $1,000.\n(4) A violation of this section is subject to s. 425.304.","path":["Chs. 421- 429, Wisconsin Consumer Act","Chapter 422 Consumer Credit Transactions","SUBCHAPTER IV LIMITATIONS ON AGREEMENTS AND PRACTICES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/422.417","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:23Z","sha256":"e430d1f9f988dcc35ce1a190f09a868d0fcb4616a2a0c9e52cf464beeefb29ee","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-422.416","next":"us-wi/wis.-stat.-422.418"},"notice":"GroundRules: Original legal text. Not legal advice."}