Wisconsin Interest Rates Laws
|Legal Maximum Rate of Interest||5% unless otherwise agreed in writing (§138.04)|
|Penalty for Usury (Unlawful Interest Rate)||Lender intentionally violating fined $25 to $500 and/or prison up to 6 months (§138.06(2))|
|Interest Rates on Judgments||12% (§815.05(8))|
|Exceptions||State-chartered banks, credit unions, savings and loans, etc. (§138.041); residential mortgage loans (§138.052(7)); loans to corporations (§138.05(5)); installment contract on auto (§218.0142)|
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