138.057 Penalties. Any lender who intentionally violates s. 138.053, 138.055 or 138.056 is liable to the borrower for all excess interest collected, plus interest thereon at the rate of 5 percent per year. In addition, the borrower may recover actual damages, including incidental and consequential damages, sustained by reason of the violation.
History: 1975 c. 387; 1977 c. 26; 1981 c. 45 s. 51.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 138 - Money and rates of interest.
138.02 - Contracts not affected.
138.03 - Judgments, how computed.
138.041 - Federal rate parity.
138.045 - Method of calculating interest.
138.05 - Maximum rate; prepayment, disclosure; corporations.
138.051 - Residential mortgage loans.
138.052 - Residential mortgage loans.
138.053 - Regulation of interest adjustment provisions.
138.055 - Variable rate contracts.
138.056 - Variable rate loans.
138.058 - Reverse mortgage loans.
138.06 - Effect of usury and penalties.
138.12 - Insurance premium finance companies.
138.20 - Discrimination in granting credit or loans prohibited.