Prohibiting lender from designating attorney for mortgagor

Wis. Stat. § 708.03
in effect
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A bank, savings bank, savings and loan association or other lender or lending agency requiring a borrower to give a mortgage on real estate as security for a loan or an existing indebtedness may not designate the attorney to represent the mortgagor’s interest in connection with the giving of the mortgage if the mortgagor has or desires a different attorney for that purpose. Any person violating this section shall be fined not more than $100 for each violation.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/708.03Fetched: 10/7/2026