Wisconsin § 224.81 Limitation on actions for commissions and other compensation.

Wisconsin Statutes

§ 224.81 — Limitation on actions for commissions and other compensation.

Wisconsin § 224.81

Ch. 224Miscellaneous banking and financial institutions provisions

Subch.subch. III of ch. 224 SUBCHAPTER III

MORTGAGE BANKERS, LOAN ORIGINATORS AND MORTGAGE BROKERS

This text of Wisconsin § 224.81 (Limitation on actions for commissions and other compensation.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 224.81 (2026).

Text

224.81  A person who is engaged in the business or acting in the capacity of a mortgage banker, mortgage loan originator, or mortgage broker in this state may not bring or maintain an action in this state to collect a commission, money, or other thing of value for performing an act as a mortgage banker, mortgage loan originator, or mortgage broker without alleging and proving that the person was licensed under this subchapter as a mortgage banker, mortgage loan originator, or mortgage broker when the alleged cause of action arose.

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224.81 A person who is engaged in the business or acting in the capacity of a mortgage banker, mortgage loan originator, or mortgage broker in this state may not bring or maintain an action in this state to collect a commission, money, or other thing of value for performing an act as a mortgage banker, mortgage loan originator, or mortgage broker without alleging and proving that the person was licensed under this subchapter as a mortgage banker, mortgage loan originator, or mortgage broker when the alleged cause of action arose.

Legislative History

224.81 History History: 1987 a. 359 ; 1987 a. 403 s. 182 ; Stats. 1987 s. 440.81; 1995 a. 27 s. 6603 ; Stats. 1995 s. 224.81; 1997 a. 145 ; 2009 a. 2 .