Wisconsin Statutes
Wis. Stat. § 422.417 (2026)
Restrictions on security interests
✓ current as of July 2026
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422.417(1)(b)(b) Goods upon which the property sold is installed or to which it is annexed, or goods upon which the services sold are performed, if the obligation secured is $500 or more;
422.417(1)(c)(c) Real property to which the property sold is affixed, or which is maintained, repaired or improved as a result of the sale of the property or services, if the obligation secured is $1,000 or more; and
422.417(1)(d)(d) Goods of the consumer which were the subject of a prior transaction with the seller which is consolidated (s. 422.206) with the consumer credit sale, or if the consumer credit sale is made pursuant to an open-end credit plan, goods previously purchased by the consumer pursuant to the plan, subject however to s. 422.418.
422.417(2)(2) With respect to a consumer lease, except as otherwise provided in s. 429.205 with respect to a motor vehicle consumer lease, a lessor may not take a security interest in any property owned or leased by the customer other than the leased goods to secure the lessor’s obligations under the lease. This subsection does not prohibit a security interest in a cash security deposit for a consumer lease of motor vehicles.
422.417(3)(3) With respect to a consumer loan, in addition to the limitations on security interests required by 12 CFR 227.13 (d), 12 CFR 535.2 (a) (4) or 16 CFR 444.2 (a) 4, if any, a lender may not take a security interest, other than a purchase money security interest, in:
422.417(3)(a)(a) Clothing of the customer and the customer’s dependents and the following, if they are not fixtures: dining table and chairs, refrigerator, heating stove, cooking stove, radio, beds and bedding, couch and chairs, cooking utensils and kitchenware; or
422.417 HistoryHistory: 1971 c. 239; 1973 c. 3; 1975 c. 406, 407, 421; 1981 c. 20, 391; 1985 a. 256; 1989 a. 359; 1991 a. 316; 1995 a. 329; 1997 a. 302.
Notes of Decisions
Cited in 4
cases, 1992–2013 · leading case: Doe v. Gen. Motors Acceptance Corp., 2001 WI App 199 (Wis. Ct. App. 2001).
Doe v. Gen. Motors Acceptance Corp., 2001 WI App 199 (Wis. Ct. App. 2001). “205 with respect to a motor vehicle consumer lease, a lessor may not take a security interest in any property owned or leased by the customer other than the leased goods to secure the lessor's obligations under the lease.”
Swanson v. Montello State Bank (In Re Hill), 210 B.R. 1016 (Bankr. E.D. Wis. 1997). “Wis. Stat. § 422.417 (3). DISCUSSION 1. Preferential Transfer The elements of a preference under 11 U.”
Nelson v. Santander Consum. USA, Inc., 931 F. Supp. 2d 919 (W.D. Wis. 2013). “204), security interests (Wis.Stat. § 422.417), default (Wis.Stat. § 425.”
Bank of Barron v. Gieseke, 485 N.W.2d 426 (Wis. Ct. App. 1992). “" It contends that the clause merely refers to *454 sec. 422.417(3)(b), Stats.,,which states that a lender may not take a security interest, unless it is a purchase money security interest, in real property if the obligation secured is less than $1,000.”
— Wis. Stat. § 422.417(2) — 1 case
Doe v. Gen. Motors Acceptance Corp., 2001 WI App 199 (Wis. Ct. App. 2001). “205 with respect to a motor vehicle consumer lease, a lessor may not take a security interest in any property owned or leased by the customer other than the leased goods to secure the lessor's obligations under the lease.”
— Wis. Stat. § 422.417(3) — 1 case
Swanson v. Montello State Bank (In Re Hill), 210 B.R. 1016 (Bankr. E.D. Wis. 1997). “Wis. Stat. § 422.417 (3). DISCUSSION 1. Preferential Transfer The elements of a preference under 11 U.”
— Wis. Stat. § 422.417(3)(b) — 1 case
Bank of Barron v. Gieseke, 485 N.W.2d 426 (Wis. Ct. App. 1992). “" It contends that the clause merely refers to *454 sec. 422.417(3)(b), Stats.,,which states that a lender may not take a security interest, unless it is a purchase money security interest, in real property if the obligation secured is less than $1,000.”
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