Wisconsin’s Marital Property Law
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None at this time.
- Bureau of Consumer Affairs
- Customer Service: (800) 452-3328
- Fax: (608) 267-0479
- Bureau of Consumer Affairs
- Department of Financial Institutions
- 345 W Washington Ave, 3rd Floor
- PO Box 8041
- Madison WI 53708-8041
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 spouse’s 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).