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2011 Wisconsin Code
Chapter 138. Money and rates of interest.
138.16 Title loans.

138.16

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.

History: 2009 a. 405.
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