Credit Services Agreement for Loan Arrangers - Wisconsin

Credit Services Agreement for Loan Arrangers - Wisconsin

Credit Services Agreement for Loan Arrangers is a legal document that was released by the Wisconsin Department of Financial Institutions - a government authority operating within Wisconsin.

FAQ

Q: What is a Credit Services Agreement?
A: A Credit Services Agreement is a contract between a loan arranger and a borrower.

Q: What is the role of a loan arranger?
A: A loan arranger helps borrowers find and secure loans.

Q: Who can enter into a Credit Services Agreement in Wisconsin?
A: Any individual or business who needs assistance in obtaining a loan can enter into a Credit Services Agreement.

Q: What services are provided by a loan arranger?
A: A loan arranger assists in loan applications, finding suitable lenders, and negotiating loan terms.

Q: Is a loan arranger required to be licensed in Wisconsin?
A: Yes, loan arrangers need to be licensed by the Wisconsin Department of Financial Institutions.

Q: What information should be included in the Credit Services Agreement?
A: The agreement should specify the services to be provided, fees, and responsibilities of both parties.

Q: Can a borrower cancel a Credit Services Agreement?
A: Yes, borrowers have the right to cancel the agreement within a certain period, usually three days.

Q: What happens if a loan arranger violates the Credit Services Agreement?
A: If a loan arranger violates the agreement, the borrower may be entitled to damages or a refund of fees.

Q: Are there any legal requirements for advertising credit services in Wisconsin?
A: Yes, loan arrangers must comply with the advertising restrictions set forth in the Wisconsin Consumer Act.

Q: Is there a cooling-off period for a Credit Services Agreement?
A: Yes, borrowers have a three-day cooling-off period during which they can cancel the agreement without any penalty.

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Form Details:

  • Released on November 1, 2022;
  • The latest edition currently provided by the Wisconsin Department of Financial Institutions;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Financial Institutions.

Download Credit Services Agreement for Loan Arrangers - Wisconsin

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