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SHEBUSKI v. LAKELAND STATE BANK

No. 83-855.

118 Wis.2d 105 (1984)

345 N.W.2d 898

Donald W. SHEBUSKI and Lenore M. Shebuski, Plaintiffs-Appellants, v. LAKELAND STATE BANK, Defendant-Respondent.

Court of Appeals of Wisconsin.

Decided February 21, 1984.

Attorney(s) appearing for the Case

For the appellants the cause was submitted on the briefs of Richard Bolte Law Offices of Wausau.

For the respondent the cause was submitted on the brief of Ames & Houlihan, Ltd., of Minocqua.

Brief of amicus curiae of the Wisconsin Bankers Association was filed by Boardman, Suhr, Curry & Field of Madison.

Before Foley, P.J., Dean and Cane, JJ.

FOLEY, P.J.

Donald and Lenore Shebuski appeal the circuit court's dismissal of their complaint against the Lakeland State Bank. The Shebuskis contend that Lakeland violated sec. 138.053, Stats., by improperly increasing the interest rate on their home mortgage. Because Lakeland's short-term notes that periodically increased the Shebuskis' interest rate did not violate sec. 138.053, we affirm the judgment.

The Shebuskis originally borrowed $100,000 at 9.5%...

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