Section 428.206. Recommending default.

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No lender, licensed lender, mortgage loan originator, mortgage banker, or mortgage broker may recommend or encourage an individual to default on an existing loan or other obligation before and in connection with the making of a covered loan that refinances all or any portion of that existing loan or obligation.

2003 a. 257 ; 2009 a. 2 . Cross-reference: See also ch. DFI-Bkg 46 , Wis. adm. code.

                    
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