Section 1.37. Notice of assignment; joint obligor customers.

  Where a consumer credit transaction involves joint obligor customers, one copy of a Notice of Assignment as described in s. 422.409 , Stats., may be forwarded to all such customers who reside at the same last known address at the time the notice is given, if addressed to all such joint obligor customers. In all other cases a separate notice must be sent to each joint obligor customer. The same procedure shall be observed with respect to giving the following notices under the act: Notice of unilateral deferral, s. 422.204 (8) , Stats.; Notice of non-performance, s. 422.207 (1) , Stats.; Notice of right to cancel, s. 423.203 , Stats.; Notice to cancel property insurance, s. 424.303 (1) , Stats.; Notice of right to cure default, s. 425.104 (1) , Stats.; the distribution of open-end credit agreements to potential customers pursuant to s. DFI-WCA 1.351 .

Cr. Register, June, 1973, No. 210 , eff. 7-1-73; am. Register, October, 1980, No. 298 , eff. 11-1-80.