Legal Question in Real Estate Law in Wisconsin
Hi,
does Wisconsin law require interest to be charged in a land contract.....can 0 % interstate be charged....if not, what is the lowest legal interest required for a land contract in Wisconsin?
thank-you!
Ann
Asked on 10/29/13, 8:56 pm
1 Answer from Attorneys
James N. Graham
Accession Law LLC
Wisconsin law doesn't require interest, but federal law does encourage the use of interest by imputing interest if there is not a stated interest rate at a sufficiently high level. The level changes constantly and also depends upon the term of the debt.
Answered on 1/22/14, 11:55 am
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