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Prohibiting requiring property insurance in excess of replacement value.

WisconsinStatutes

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WI Code › Chapter 632 › Section 632.07

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

A lender may not require a borrower, as a condition of receiving or maintaining a loan secured by real property, to insure the property against risks to improvements on the real property in an amount that exceeds the replacement value or market value of the improvements, whichever is greater.

History: 2007 a. 170 .

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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Prohibiting requiring property insurance in excess of replacement value. · Wis. Stat. § 632.07 | Frix