Payday Lenders

Licensed under Section 138.14, Wis. Stats., payday lenders lend money to consumers and are allowed to accept the consumer's check(s) or authorization for electronic fund transfer(s) and hold the check(s) or authorization for a period of time before presenting the check(s) or initiating the electronic fund transfer(s) in payment of the loan.  The loans offered by payday lenders are limited to $1,500 or 35% of a consumer’s gross monthly income, whichever is less.

Common Tasks

• Payday Lender Forms
• View the Payday Lender Statutes
• View the Payday Lender Administrative Rules (Bkg. 75)
• Frequently Asked Questions (FAQ's) about Payday Lenders

What's New

•   Payday Lender Annual Report  (PDF: 161 KB / 5 pages)
• Order Regarding Database Transaction Fee - effective 7/1/11 (PDF: 11 KB / 1 page)
• Changes to Payday Lending Statute - effective 7/1/11 (PDF: 114 KB / 3 pages)
• Pre-Loan Disclosure – – Payday lender licensees must use this form to provide an applicant with the disclosures required by s. 138.14(9g)(a)1., 2., 4., 5. and 6., Stats., before entering into a payday loan with the applicant. The form must be delivered to the customer in the English and Spanish languages, or at the customer's option, in the English or Spanish language.
  •   English version (DOC) - for use on and after 7/01/2011  (DOC: 26 KB / 1 page)
  •   Spanish version (DOC) - for use on and after 7/01/2011  (DOC: 26 KB / 1 page)
• Repayment Plan Offer – Payday lender licensees must use this form if a customer fails to repay a subsequent loan.
  •   Repayment Plan Offer (DOC) - for use on and after 7/01/2011 (DOC: 27 KB / 1 page)
• Wisconsin Guide to Payday Loans – Payday lender licensees must provide this form to payday loan applicants before the licensee enters into a payday loan with the applicant.
  • Wisconsin Guide to Payday Loans - for use on and after 3/15/2012 ( PDF) ( HTML)
• Wisconsin Act 405 relating to Payday Lending – effective January 1, 2011 (external link)