Wisconsin Statutes 425.210 – Computation of deficiency
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 425.210
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
If the creditor is entitled to a deficiency judgment pursuant to s. 425.209 (1), the creditor shall be entitled to recover from the customer the deficiency, if any, remaining after deducting the fair market value of the collateral from the unpaid balance.