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Code · Wisconsin · Chapter 138 — Money and rates of interest

138.04 Legal rate.

95 words·~1 min read·/wi/chapter-138/138-04-3

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138.04 Legal rate. The rate of interest upon the loan or forbearance of any money, goods or things in action shall be $5 upon the $100 for one year and according to that rate for a greater or less sum or for a longer or a shorter time; but parties may contract for the payment and receipt of a rate of interest not exceeding the rate allowed in ss. 138.041 to 138.056 , 138.09 to 138.14 , 218.0101 to 218.0163 , or 422.201 , in which case such rate shall be clearly expressed in writing.
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