Pursuant to s.
227.17, Stats., notice is hereby given that the Office of Credit Unions will hold a public hearing at the time and place indicated below to consider creating a rule relating to certain loan participation contracts.
Date, Time and Place of Hearing
Tuesday, December 10, 2002 at 1:00 p.m.
Tommy G. Thompson Conference Room, 5th Floor
Department of Financial Institutions
345 West Washington Avenue
Madison, WI 53703
This facility is accessible to individuals with disabilities through levels A, B or the first floor lobby. If you require reasonable accommodation to access any meeting, please call Mark Schlei at (608) 267-1705 or TTY (608) 266-8818 for the hearing impaired at least 10 days prior to the hearing date. Reasonable accommodation includes materials prepared in an alternative format, as provided by the Americans with Disabilities Act.
Written comments in lieu of public hearing testimony must be received not later than the hearing date and should be addressed to Ginger Larson, Office of Credit Unions, P.O. Box 14137, Madison, WI 53714-0137.
Analysis Prepared by the Office of Credit Unions
The objective of the rule is to amend ss.
DFI-CU 70.01 by removing parity provisions and 70.05 (2) by modifying an originating lender requirement; and to repeal ss.
70.02 to remove parity provisions and 70.06 (3) to remove a participation lender requirement. The rule facilitates state-chartered credit unions to engage in certain loan participation contracts. The promulgation of this rule has been approved by the Credit Union Review Board.
Fiscal Estimate
There is no state fiscal effect, and there are no local government costs. No funding sources or ch.
20, Stats., appropriations are affected. There are no long-range fiscal implications.
Initial Regulatory Flexibility Analysis
The proposed rule will not have an effect on small businesses.
Contact Person
A copy of the full text of the proposed rules and fiscal estimate may be obtained through the following:
Mark Schlei, Deputy General Counsel
Department of Financial Institutions
Office of the Secretary
P.O. Box 8861
Madison, WI 53708-8861
Tel. (608) 267-1705
TTY (608) 266-8818
A copy of the full text of the proposed rule may also be obtained at the Department of Financial Institutions' website,
www.wdfi.org.
Notice of Hearing
Financial Institutions-Credit Unions
[
CR 02-133]
Pursuant to s.
227.17, Stats., notice is hereby given that the Office of Credit Unions will hold a public hearing at the time and place indicated below to consider creating a rule relating to annual audits and verification of member accounts by state-chartered credit unions.
Date, Time and Place of Hearing
Tuesday, December 10, 2002 at 1:00 p.m.
Tommy G. Thompson Conference Room, 5th Floor
Department of Financial Institutions
345 West Washington Avenue
Madison, WI 53703
This facility is accessible to individuals with disabilities through levels A, B or the first floor lobby. If you require reasonable accommodation to access any meeting, please call Mark Schlei at (608) 267-1705 or TTY (608) 266-8818 for the hearing impaired at least 10 days prior to the hearing date. Reasonable accommodation includes materials prepared in an alternative format, as provided by the Americans with Disabilities Act.
Written comments in lieu of public hearing testimony must be received not later than the hearing date and should be addressed to Ginger Larson, Office of Credit Unions, P.O. Box 14137, Madison, WI 53714-0137.
Analysis Prepared by the Office of Credit Unions
An order to create ch.
DFI-CU 73 relating to annual audits and verification of member accounts by state-chartered credit unions.
Statutes interpreted: ss.
186.115 (1) and
(2), and
186.235 (8), Stats. The objective of the rule is to create ch.
DFI-CU 73. The purpose of the rule is to prescribe certain responsibilities of state-chartered credit unions regarding audits and accounts. The rule provides general responsibilities for boards of directors for financial reporting; sets forth criteria for audit requirements, certain auditors and audit reports; provides financial statement audit alternatives; and establishes procedures for verification of accounts and passbooks. The promulgation of this rule has been approved by the Credit Union Review Board.
Fiscal Estimate
There is no state fiscal effect, and there are no local government costs. No funding sources or ch.
20, Stats., appropriations are affected. There are no long-range fiscal implications.
Initial Regulatory Flexibility Analysis:
The proposed rule will not have an effect on small businesses.
Contact Person
A copy of the full text of the proposed rules and fiscal estimate may be obtained through the following:
Mark Schlei, Deputy General Counsel
Department of Financial Institutions
Office of the Secretary
P.O. Box 8861
Madison, WI 53708-8861
Tel. (608) 267-1705
TTY (608) 266-8818
A copy of the full text of the proposed rule may also be obtained at the Department of Financial Institutions' website,
www.wdfi.org.
Notice of Proposed Rule
NOTICE IS HEREBY GIVEN that pursuant to the authority of ss.
85.16 (1),
110.06,
227.11,
343.05,
343.06,
343.14,
343.15,
343.17 and
343.20, Stats., interpreting ss.
341.08 (2) (a) and
(am),
342.06 (1) (a),
343.02,
343.03,
343.05,
343.06,
343.07,
343.08,
343.10,
343.11,
343.12,
343.135,
343.14,
343.16,
343.17,
343.18,
343.19,
343.20,
343.21,
343.22,
343.25,
343.265 and
343.50, Stats., and according to the procedure set forth in s.
227.16 (2) (e), Stats., the Wisconsin Department of Transportation will adopt the following rule amending ch.
Trans 102, relating to customer identifying information, without public hearing unless, within 30 days after publication of this notice [
November 15, 2002], the Department of Transportation is petitioned for a public hearing by 25 natural persons who will be affected by the rule; a municipality which will be affected by the rule; or an association which is representative of a farm, labor, business or professional group which will be affected by the rule.
Contact Person
Questions about this rule may be addressed to Carson Frazier, Division of Motor Vehicles, Bureau of Vehicle Services, Room 253, P. O. Box 7911, Madison, Wisconsin 53707-7911, telephone (608) 266-7857.
Analysis Prepared by the Wisconsin Department of Transportation
Statutes Interpreted: ss.
341.08 (2) (a) and
(am),
342.06 (1) (a),
343.02,
343.03,
343.05,
343.06,
343.07,
343.08,
343.10,
343.11,
343.12,
343.135,
343.14,
343.16,
343.17,
343.18,
343.19,
343.20,
343.21,
343.22,
343.25,
343.265 and
343.50, Stats.
General Summary of Proposed Rule
Integral to the Department of Transportation Division of Motor Vehicle's (DMV) redesigned data processing system is a combined vehicle and driver database. The database will be organized to link an individual person or entity (customer) with all vehicles which that customer owns. In order to effect this single customer database, DMV needs to have consistent “processing rules" related to customer identifying information. This rule making will establish consistent processing rules with respect to the customer name. Currently, s.
343.14 (2) (a), driver license statute, requires a person to supply his or her “full name," while ss.
341.08 (2) (a) and
342.06 (1) (a), vehicle statutes, merely require the “name" of the applicant. This rule making will define the “name" in vehicle statutes as meaning the “full name" as defined in driver license statutes.
The Scope Statement for this rule making was published in the 10-1-02 Administrative Register with the intention of creating a new chapter, ch.
Trans 109. Following the publication of the Scope Statement, the Department decided this amendment would be better placed in ch.
Trans 102.
Text of Proposed Rule
Under the authority vested in the state of Wisconsin, department of transportation, by ss.
85.16 (1),
110.06,
227.11,
343.05,
343.06,
343.14,
343.15,
343.17 and
343.20, Stats., the department of transportation hereby proposes to amend rules interpreting ss.
341.08 (2) (a) and
(am),
342.06 (1) (a),
343.02,
343.03,
343.05,
343.06,
343.07,
343.08,
343.10,
343.11,
343.12,
343.135,
343.14,
343.16,
343.17,
343.18,
343.19,
343.20,
343.21,
343.22,
343.25,
343.265 and
343.50, Stats., relating to customer identifying information.
SECTION 1. Trans 102.01 (1) and (2) are amended to read:
Trans 102.01 (1) As authorized by ss.
85.16 (1),
110.06,
227.11,
343.05,
343.06,
343.14,
343.15,
343.17 and
343.20, Stats., the purpose of this chapter is to administratively interpret ss.
341.08 (2) (a) and (am), 342.06 (1) (a), 343.02,
343.03,
343.05,
343.06,
343.07,
343.08,
343.10,
343.11,
343.12,
343.135,
343.14,
343.16,
343.17,
343.18,
343.19,
343.20,
343.21,
343.22,
343.25,
343.265 and
343.50, Stats., relating to issuance of operator's licenses
and, identification cards
, and vehicle title and registration.
(2) This chapter pertains to any person applying for a Wisconsin original, reissue, reinstatement, renewal, or duplicate operator's license or identification card, and vehicle title or registration.
SECTION 2. Trans 102.02 (6r) is created to read:
Fiscal Impact
The Department estimates that there will be no fiscal impact on the liabilities or revenues of any county, city, village, town, school district, vocational, technical and adult education district or sewerage district, or any federally-recognized tribes or bands.
Initial Regulatory Flexibility Analysis
This proposed rule will have no adverse impact on small businesses.
Copies of Rule
Copies of this proposed rule can be obtained, without cost, by writing to Carson Frazier, Division of Motor Vehicles, Bureau of Vehicle Services, 4802 Sheboygan Avenue, Room 253, P. O. Box 7911, Madison, WI 53707-7911, or by calling (608) 266-7857. Alternate formats of the proposed rule will be available to individuals upon request.
Notice of Hearing
Notice is hereby given that the Department of Veterans Affairs will hold a public hearing on the 6th day of December, 2002, at 9:30 a.m., in the 8th floor board room at 30 West Mifflin Street in Madison, Wisconsin.
Analysis Prepared by the Department of Veterans Affairs
The amendment of s.
VA 12.02 (7) and
(16) will raise the permissible personal loan amount to the statutory maximum of $15,000 for each eligible veteran. This should enable the Department to increase the income-producing assets of the veterans' trust fund as a result of the increased loan activity.
The amendment of s.
VA 12.04 (1) will enable the Department to adjust program interest rates by taking into account a broader array of relevant factors. It will allow the Department to fashion more marketable loan conditions than available under the current limited criteria.
