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 (2) The estimate or approximation is not used for the purpose of circumventing or evading the disclosure requirements of this subchapter.
‹ Prev All Wisconsin sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.