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Wisconsin Interest Rates Laws
More Information on Interest Rate 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) |
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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- Official State Codes - Links to the official online statutes (laws) in all 50 states and DC.
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