State Codes and Statutes
Statutes > Wisconsin > 138 > 138.16138.16
138.16 Title loans.138.16(1)
(1) Definitions. In this section:138.16(1)(b)
(b) "Licensed lender" means a person licensed under s. 138.09.138.16(1)(c)
(c) "Title loan" means a loan of $25,000 or less to a borrower, who obtains or seeks to obtain the loan for personal, family, or household purposes, that is, or is to be, secured by an interest, other than a purchase money security interest, in the borrower's motor vehicle.138.16(2)
(2) Loan principal and interest. No licensed lender may make a title loan.138.16 - ANNOT.
NOTE: This section is created eff. 1-1-11 by 2009 Wis. Act 405.138.16 - ANNOT.
History: 2009 a. 405.