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
Answer
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.
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