425.109 Pleadings.
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/wi/chapter-425/425-109A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
425.109 Pleadings.
(1)A complaint by a merchant to enforce any cause of action arising from a consumer credit transaction shall include all of the following:
(a)An identification of the consumer credit transaction.
(b)A description of the collateral or leased goods, if any, which the merchant seeks to recover or has recovered.
(c)A specification of the facts constituting the alleged default by the customer.
1. If the consumer credit transaction is pursuant to an open-end credit plan, the actual or estimated amount of U.S. dollars or of a named foreign currency that the merchant alleges he or she is entitled to recover and the figures necessary for computation of the amount alleged to be due to the merchant on a date certain after the customer’s default. Figures necessary for computation shall mean the amount reflected on a billing statement addressed to the customer and a breakdown of all charges, interest, and payments, including any amount received from the sale of any collateral, occurring after this date certain.
This paragraph does not require a specific itemization, but the breakdown shall identify separately the amount due on a date certain, the total of all charges occurring after this date certain, the total of all interest occurring after this date certain, and the total of all payments occurring after this date certain.