Licensed under Wis. Stat. ss. 218.0101 to 218.0163, sales finance companies acquire installment sales contracts and/or consumer leases that are originated by Wisconsin motor vehicle and recreational vehicle dealers. Holders of sales finance licenses include banks, loan companies, motor vehicle dealerships, savings institutions, and organizations specializing in sales finance contracts and consumer lease agreements.
Wisconsin sales finance companies
are required to maintain their Wisconsin licenses on the Nationwide
Multistate Licensing System & Registry (NMLS). Information about
Wisconsin sales finance company licensing is found in the NMLS Resource Center and information about licensed Wisconsin sales finance companies is found on the NMLS Consumer Access website.
Frequent Links
Helpful Information for Dealers
- Guaranteed Asset Protection (GAP)
Helpful Information for Sales Finance Companies
- Cybersecurity Resources
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Cybersecurity 101
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a resource developed by the Conference of State Bank Supervisors
intended to be an easily-digestible, non-technical reference guide to
help executives develop a comprehensive, responsive cybersecurity
program in line with best practices.
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Ransomware Self-Assessment Tool
– a resource developed by the Conference of State Bank Supervisors in
conjunction with the Bankers Electronic Crimes Taskforce and the United
States Secret Service which contains important controls that all types
of companies should use to assess their efforts to mitigate risks
associated with ransomware and to identify opportunities for increasing
security.
Contact Us
Phone: (608) 261-7578
Email: DFI_LFS@dfi.wisconsin.gov