Summary of Comments:
No comments were reported.
E x e c u t i v e O r d e r s
The following is a listing of recent Executive Orders issued by the Governor.
Executive Order 300. Relating to the Creation of the Governor's Blue Ribbon Commission on Campaign Finance Reform.
Executive Order 301. Relating to the Creation of the Wisconsin International Trade Council.
P u b l i c N o t i c e
Public Notice
Financial Institutions
(Division of Banking)
(Division of Savings Institutions)
(Office of Credit Unions)
Notice of Required Interest Rate on Residential Mortgage Loan Escrow Accounts
Under s. 138.052 (5) (a), Stats., with some exceptions, a bank, credit union, savings bank, savings and loan association or mortgage banker which originates a residential mortgage loan requiring an escrow account to assure the payment of taxes or insurance or both shall pay interest on the outstanding principal balance of the escrow.
Section 138.052 (5) (am) 2, Stats., directs the Division of Savings Institutions in the Department of Financial Institutions, with the cooperation of the Office of Credit Unions and the Division of Banking, to determine annually the required interest rate. The rate is based on the average interest rate paid by Wisconsin depository institutions on passbook savings accounts.
The Division of Savings Institutions has calculated the interest rate required to be paid on escrow accounts under s. 138.052 (5), Stats., to be 2.83% per year. This interest rate shall remain in effect until the first day of the first month following publication of a new interest rate in the Wisconsin Administrative Register.
The interest rate of 2.83% per year applies to escrow accounts required for residential mortgage loans originated on or after January
1, 1997 and to escrow accounts required for residential mortgage loans originated after January 31, 1983 and before January 1, 1997 which do not specify an interest rate in the loan agreement.
Contact Information
Thomas M. Boykoff, Administrator
Telephone: (608) 261-4338
Division of Savings Institutions
Department of Financial Institutions
101 East Wilson Street, 5th Floor
MADISON, WI 53703
N o t i c es of N o n a c q u i e s c e n c e
NOTICE OF NONACQUIESCENCE
---------------------------------------
THADDEUS J. HARTLAUB, D/B/A :
WORLDWIDE REFINISHING SYSTEMS
:
Petitioner,
v. :
WISCONSIN DEPARTMENT OF REVENUE,
Respondent, :
Docket No. 95-S-1511 :
---------------------------------------
Pursuant to sec. 73.01 (4) (e) 2, Stats., the respondent hereby gives notice that, although it is not appealing the Decision and Order of the Tax Appeals Commission in its favor rendered in the above-captioned matter dated November 6, 1996, which Decision and Order were unchanged by the Order denying petitioner's petition for rehearing dated November 21, 1996, it has adopted a position of nonacquiescence in regard to the second-to-last paragraph of the Opinion. The effect of this action is that the Commission's construction of section 77.52 (2) (a) 10., Stats., as providing that the capital improvement exception applies to the repair, service, alteration, fitting, cleaning, painting, coating, towing, inspection and maintenance of property deemed to have retained its character as tangible personal property is not binding upon or required to be followed by the respondent in other cases.
NOTICE OF NONACQUIESCENCE
In the matter of the contribution liability, or status, under ch. 108, Wis. Stats., of:
- - - - - - - - - - - - - - - - - - - - - - -
JAY WARECKI, Transferor
The Fish Connection
228 Green ST
Wrightstown, WI 54180-1030
Account No. 285696-8
- - - - - - - - - - - - - - - - - - - - - - - Hearing No. S9500351GB
The Fish Connection, Transferee
228 Green ST
Wrightstown, WI 54180-1030
Account No. 520284-7
- - - - - - - - - - - - - - - - - - - - - - -
Please take notice that the Department of Workforce Development, (formerly the Department of Industry, Labor and Human Relations), pursuant to s. 108.10 (7) (b), Stats., hereby nonacquiesces in those parts of the decision dated November 27, 1995, which hold that the mandatory successorship in this case under s. 108.16 (8) (e), Stats., was a partial successorship and those parts of the decision which set forth the methodology for calculating the percentage of partial successorship. The Department acquiesces in and agrees with that part of the decision which holds that the transfer from Jay Warecki to The Fish Connection resulted in a mandatory successorship under s. 108.16 (8) (e), Stats.
The State of Wisconsin
Department of Administration
Document Sales Unit
P.O. Box 7840
Dated Material. Please Do Not Delay!
