Section DFI-Bkg 75.05 - Interest, fees and default(1) Except as set forth in sub. (3), the interest permitted under s. 138.14 (10) (a), Stats., and the fee permitted under s. 138.14 (10) (b)2, Stats., are the only amounts that may be charged a customer on a payday loan.(2) No licensee may charge the customer a fee to cash the proceeds check from a payday loan.(3) Notwithstanding s. 138.14 (10), Stats., if a money judgment is awarded by the court, a customer may be charged the costs and fees awarded by the court and the interest permitted under s. 814.04 (4), Stats.Wis. Admin. Code Department of Financial Institutions DFI-Bkg 75.05
CR 10-098: CR Register May 2011 No. 665, eff. 6-1-11; CR 12-035: am. (4) Register May 2013 No. 689, eff. 6-1-13.Amended by, CR 23-039: r. (4) Register February 2024 No. 819, eff. 4/1/2024