Wis. Stat. » CHAPTER 425 — CONSUMER TRANSACTIONS — REMEDIES AND PENALTIES
Wisconsin Statutes

Wis. Stat. § 425.204 (2026)

Voluntary surrender of collateral

✓ current as of July 2026
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425.204425.204 Voluntary surrender of collateral.
425.204(1)(1) Notwithstanding a waiver by the creditor of the security interest in collateral under s. 425.203 (2) or any other law, the customer shall have the right at any time to voluntarily surrender all of the customer’s rights and interests in the collateral to the merchant.
425.204(2)(2) The rights and obligations of the merchant and customer with respect to collateral voluntarily surrendered as defined in this section shall be governed by subch. VI of ch. 409, and are not subject to this subchapter.
425.204(3)(3) The surrender of collateral by a customer is not a voluntary surrender if it is made pursuant to a request or demand, other than a notice under s. 425.205 (1g) (a), by the merchant for the surrender of the collateral, or if it is made pursuant to a threat, statement, or notice, other than a notice under s. 425.205 (1g) (a), by the merchant that the merchant intends to take possession of the collateral.
425.204 HistoryHistory: 1971 c. 239; 1991 a. 316; 2001 a. 10; 2005 a. 255.
425.204 Cross-referenceCross-reference: See also s. DFI-WCA 1.67, Wis. adm. code.
425.204 AnnotationUnder the facts of the case, the customer did not “voluntarily surrender” collateral under sub. (3). Wachal v. Ketterhagen Motor Sales, Inc., 81 Wis. 2d 605, 260 N.W.2d 770 (1978).
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Notes of Decisions
Cited in 4 cases, 1978–2019 · leading case: Boerner v. LVNV Funding LLC, 358 F. Supp. 3d 767 (E.D. Wis. 2019).
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Boerner v. LVNV Funding LLC, 358 F. Supp. 3d 767 (E.D. Wis. 2019). “205(6), or demand or take possession of collateral or goods subject to a consumer lease other than by accepting a voluntary surrender thereof (§ 425.204), unless the merchant believes the customer to be in default ( § 425.”
Burney v. Thorn Americas, Inc., 970 F. Supp. 668 (E.D. Wis. 1997). “Under the WCA, a customer may voluntarily surrender the item, § 425.204(1). If the amount due is less than $1,000 and if the merchant has repossessed the item or accepted voluntary surrender, the merchant may not collect the balance due at the time of default.”
Homa v. East Towne Ford, Inc., 370 N.W.2d 592 (Wis. Ct. App. 1985). · cites it 2× “3 Plaintiff cited sec. 425.204, Stats., which provides: (1) Notwithstanding a waiver by the creditor of the security interest in collateral under sec.”
Wachal v. Ketterhagen Motor Sales, Inc., 260 N.W.2d 770 (Wis. 1978). · cites it 4× “204(2) suggests, by reference to secs. 409.504 to 409.”
— Wis. Stat. § 425.204(1) — 2 cases
Burney v. Thorn Americas, Inc., 970 F. Supp. 668 (E.D. Wis. 1997). “Under the WCA, a customer may voluntarily surrender the item, § 425.204(1). If the amount due is less than $1,000 and if the merchant has repossessed the item or accepted voluntary surrender, the merchant may not collect the balance due at the time of default.”
Wachal v. Ketterhagen Motor Sales, Inc., 260 N.W.2d 770 (Wis. 1978). “204(2) suggests, by reference to secs. 409.504 to 409.”
— Wis. Stat. § 425.204(3) — 2 cases
Homa v. East Towne Ford, Inc., 370 N.W.2d 592 (Wis. Ct. App. 1985). “3 Plaintiff cited sec. 425.204, Stats., which provides: (1) Notwithstanding a waiver by the creditor of the security interest in collateral under sec.”
Wachal v. Ketterhagen Motor Sales, Inc., 260 N.W.2d 770 (Wis. 1978). “204(2) suggests, by reference to secs. 409.504 to 409.”
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