Attorney's Note

Under the Wisconsin Statutes, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Class I felonyup to 3 years 6 monthsup to $10,000
For details, see § 939.50
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Terms Used In Wisconsin Statutes 943.27

  • Contract: A legal written agreement that becomes binding when signed.
  • Forbearance: A means of handling a delinquent loan. A
  • Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
  • Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01

Any person who knowingly possesses any writing representing or constituting a record of a charge of, contract for, receipt of or demand for a rate of interest or consideration exceeding $20 upon $100 for one year computed upon the declining principal balance of the loan, use or forbearance of money, goods or things in action or upon the loan, use or sale of credit is, if the rate is prohibited by a law other than this section, guilty of a Class I felony.