AB759-ASA1-AA5,1,6
4“
420.16 Notice to lessee prior to replevin. (1) Before a rental-purchase
5company may commence a replevin action, the rental-purchase company must
6deliver a written notice to the lessee at least 7 days prior to the filing of the action.
AB759-ASA1-AA5,1,7
7(2) The notice under sub. (1) shall include all of the following information:
AB759-ASA1-AA5,1,88
(a) The date the rental-purchase agreement expired.
AB759-ASA1-AA5,1,99
(b) The amount of any reinstatement fee that has been or may be assessed.
AB759-ASA1-AA5,1,1210
(c) The total amount of periodic payments necessary to reinstate the
11rental-purchase agreement as of the date of the notice, including any reinstatement
12fee.
AB759-ASA1-AA5,2,3
1(d) That the lessee may voluntarily surrender the rental property to the
2rental-purchase company at the lessee's residence or other location as agreed upon
3by both parties.
AB759-ASA1-AA5,2,54
(e) That the rental-purchase company is requesting that the rental property
5be voluntarily surrendered prior to seeking legal action for return of the property.”.