LRB-1751/1
MJL:jld:rs
2005 - 2006 LEGISLATURE
February 3, 2005 - Introduced by Representatives Kestell, Suder, Gottlieb,
Gunderson, Hahn, Hines, Jeskewitz, F. Lasee, LeMahieu, McCormick, Meyer,
Nass, Ott, Owens, Pridemore, Petrowski, Towns, Van Roy, Vos, Vrakas,
Vukmir and Ziegelbauer, cosponsored by Senators Grothman, Cowles, Ellis,
Kanavas, A. Lasee, Lazich, Leibham and Roessler. Referred to Committee on
Housing.
AB85,1,4
1An Act to create 234.59 (3) (d) of the statutes;
relating to: prohibiting the
2Wisconsin Housing and Economic Development Authority from making,
3buying, or assuming a home mortgage loan for an individual who does not have
4a social security number.
Analysis by the Legislative Reference Bureau
Under current law, the Wisconsin Housing and Economic Development
Authority (WHEDA) makes and participates in making various types of loans for
housing and economic development purposes, often for housing projects that benefit
low-income, elderly, or disabled persons. This bill provides that WHEDA may not
make, buy, or assume a home mortgage loan for a person who does not have a valid
social security number.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB85, s. 1
5Section
1. 234.59 (3) (d) of the statutes is created to read:
AB85,1,76
234.59
(3) (d) The authority may not make, buy, or assume a home ownership
7mortgage loan for an individual who does not have a social security number.
AB85,2,32
(1) This act first applies to loans for which application is made on the effective
3date of this subsection.
