422.307 Estimates or approximations.
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/wi/chapter-422/422-307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
422.307 Estimates or approximations. 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