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Wisconsin Interest Rates Laws

More Information on Interest Rate Laws

Legal Maximum Rate of Interest5% 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 Judgments12% (§815.05(8))
ExceptionsState-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)

Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.

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