Wisconsin's $150 Maximum Loan Amount + 3% Fixed Interest
Wisconsin caps pawnbroker loans at $150 maximum with 3% monthly interest (non-compounding). Plus minimum charges: $1 first month, $0.50 each succeeding month when interest is less than $1. This creates a unique loan limit + interest + minimum charge structure that generic software can't track properly.
A Milwaukee shop switched from a $400/month system in 2020. Five years later, they've paid exactly $695—total. The $150 loan limit field keeps amounts in check automatically.
"We paid $695 once in 2020. Five years later, we've paid nothing since. The $150 loan limit field keeps our amounts in check automatically."
— A Milwaukee pawnbroker
Wisconsin's Unique Requirements:
- $150 maximum loan amount (statutory cap)
- 3% monthly interest (non-compounding, fixed since 1987)
- $1/$0.50 minimum charges (when interest < $1)
- 90-day sale prohibition (after due date)
- 60-day redemption period (from transaction date)
- 12-month liquidation deadline (from due date)
- 10 accepted ID types (including non-photo with fingerprint)