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

138.056 Variable rate loans.

91 words·~1 min read·/wi/chapter-138/138-056

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138.056 Variable rate loans.
(1)Definitions. In this section:
(a)“Approved index” means any of the following:
2. The monthly average of weekly auction rates on U.S. treasury bills with a maturity of 3 months or 6 months made available by the federal reserve board.
3. The monthly average yield on U.S. treasury securities adjusted to a constant maturity of 1, 2, 3 or 5 years, made available by the federal reserve board.
4. An index readily verifiable by borrowers and beyond the control of an individual lender and approved by:
★   the supreme law of the land   ★
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