Wisconsin passed a bill amending requirements with respect to payoff statements. Under current law, lenders and servicers may not qualify a payoff amount or state that a payoff amount is subject to change prior to the payoff date. Under the bill, a lender or servicer may qualify a payoff amount, state that the payoff amount is not practicably determinable, or state that the payoff amount Is subject to change prior to the payoff date if the security instrument secures nonresidential real property (property other than 1-to 4-family residential real property) and the payoff statement provides instructions to obtain an updated payoff amount at no charge. The bill went into effect April 18, 2018.
See Wisconsin State Legislature website for the full text of the Statutes:
https://docs.legis.wisconsin.gov/2017/related/proposals/ab607.pdf
