The Wisconsin Certificate of Retention of Debtor in Possession (CRDP) is a legal document that allows a debtor to remain in possession of their collateral after they have defaulted on their loan obligations. The CRDP allows the debtor to retain possession of their collateral until such time as the loan is either paid in full or a settlement agreement is reached between the creditor and the debtor. The CRDP is issued by the Wisconsin Department of Financial Institutions and is typically granted following a court proceeding. In order to obtain a CRDP, the debtor must present a certificate of default to the court, which states the default amount and the amount of the debt that is due. The debtor must also provide a copy of the loan agreement, the security agreement, and any other documents that relate to the loan. There are two types of Wisconsin Certificate of Retention of Debtor in Possession: the Temporary CRDP and the Permanent CRDP. The Temporary CRDP is valid for up to six months, while the Permanent CRDP is valid for up to three years. The Temporary CRDP allows the debtor to remain in possession of their collateral until such time as the loan is either paid in full or a settlement agreement is reached between the creditor and the debtor; while the Permanent CRDP allows the borrower to remain in possession of their collateral until the loan is paid in full.