General loan contract provisions

Wis. Stat. § 214.50, under SAVINGS BANKS.

Wis. Stat. § 214.50

214.50 General loan contract provisions. A loan and an agreement for securing the loan shall be evidenced by one or more written instruments, consistent with sound lending practices. A savings bank shall record an instrument if it is necessary to establish priority over the claim of any 3rd party. History: 1991 a. 221.