Wisconsins Marital Property Law
The Credit-Granting Decision
Section 766.56, Stats (PDF: external link). provides that, in evaluating the credit worthiness of a married person, the creditor must consider all marital property available under sec. 766.55(2)(b), Stats. (PDF: external link) to satisfy the obligation. This means, for example, that a spouse who does not work outside the home may claim the non-applicant spouses income and assets, to the extent they fit the definition of marital property, in applying for credit. Any financial organization or other credit granting commercial institution that violates this section may be fined not more than $1,000 Sec. 766.56(4)(a), Wis. Stats. (PDF: external link).