AB150-engrossed,1900,62
218.01
(2a) (a) Before changing the location of a place of business or opening
3a new place of business in a municipality in which authorized to do business, a
4licensed dealer, distributor, or manufacturer shall apply to the department
of
5transportation for an amended license. The department
of transportation shall issue
6such license without charge.
AB150-engrossed,1900,108
218.01
(2a) (b) Whenever a licensed dealer, distributor, manufacturer or
9transporter opens a new place of business, the licensee shall promptly report such
10fact, including the address thereof, to the department
of transportation.
AB150-engrossed,1900,1812
218.01
(2a) (c) Whenever a licensed dealer, distributor or manufacturer
13discontinues or disposes of his or her business, such person shall promptly report
14such fact to the department
of transportation and return the license and registration
15plates issued. Whenever a licensed dealer, distributor or manufacturer discontinues
16business due to license suspension or revocation, such person shall surrender the
17licenses and registration plates to the department
of transportation for such
18suspension or revocation period.
AB150-engrossed,1901,220
218.01
(2c) (c) The ownership, operation or control of a dealership by a
21manufacturer, importer or distributor, or subsidiary thereof, which does not meet the
22conditions under par. (a) or (b), if the
office of the commissioner of transportation 23division of hearings and appeals determines, after a hearing on the matter at the
24request of any party, that there is no prospective independent dealer available to own
25and operate the dealership in a manner consistent with the public interest and that
1meets the reasonable standard and uniformly applied qualifications of the
2manufacturer, importer or distributor.
AB150-engrossed,1901,224
218.01
(2w) (b) A manufacturer, importer or distributor shall, for the
5protection of the buying public, specify the delivery and preparation obligations of
6its dealers before delivery of new motor vehicles to retail buyers. A copy of the
7delivery and preparation obligations of its dealers shall be filed with the department
8of transportation by every licensed motor vehicle manufacturer, importer or
9distributor and shall constitute the dealer's only responsibility for product liability
10as between the dealer and the manufacturer, importer or distributor. Any
11mechanical, body or parts defects arising from any express or implied warranties of
12the manufacturer, importer or distributor shall constitute the manufacturer's,
13importer's or distributor's product or warranty liability. The manufacturer, importer
14or distributor shall reasonably compensate any authorized dealer who performs
15work to rectify the manufacturer's, importer's or distributor's product or warranty
16defects or delivery and preparation obligations or who performs any other work
17required, requested or approved by the manufacturer, importer or distributor or for
18which the manufacturer, importer or distributor has agreed to pay, including
19compensation for labor at a labor rate equal to the effective labor rate charged all
20customers and for parts at an amount not less than the amount the dealer charges
21its other retail service customers for parts used in performing similar work by the
22dealer.
AB150-engrossed,1902,1624
218.01
(3) (a) 17. Subject to sub. (3n), being a manufacturer, importer or
25distributor who has unfairly, without due regard to the equities or without just
1provocation, directly or indirectly canceled or failed to renew the franchise of any
2motor vehicle dealer; or being a manufacturer or importer, who has unfairly, without
3due regard to the equities or without just provocation, directly or indirectly canceled
4or failed to renew the franchise of any distributor. If there is a change in a
5manufacturer, importer or distributor, a motor vehicle dealer's franchise granted by
6the former manufacturer, importer or distributor shall continue in full force and
7operation under the new manufacturer, importer or distributor unless a mutual
8agreement of cancellation is filed with the department
of transportation between the
9new manufacturer, importer or distributor and the dealer. In this subdivision, "due
10regard to the equities" means treatment in enforcing an agreement that is fair and
11equitable to a motor vehicle dealer or distributor and that is not discriminatory
12compared to similarly situated dealers or distributors; and "just provocation" means
13a material breach by a motor vehicle dealer or distributor, due to matters within the
14dealer's or distributor's control, of a reasonable and necessary provision of an
15agreement and the breach is not cured within a reasonable time after written notice
16of the breach has been received from the manufacturer, importer or distributor.
AB150-engrossed,1902,2418
218.01
(3) (a) 24. Being a manufacturer, importer or distributor who fails to
19comply with the procedures in sub. (3x) regarding a dealer's request for approval of
20a change of ownership or executive management, transfer of its dealership assets to
21another person, adding another franchise at the same location as its existing
22franchise, or relocation of a franchise or who fails to comply with an order of the
office
23of the commissioner of transportation division of hearings and appeals issued under
24sub. (3x).
AB150-engrossed,1903,2
1218.01
(3) (a) 36. a. Fails to notify the department
of transportation of any
2revision or addition to an agreement as required under sub. (2) (bd) 1.
AB150-engrossed,1903,64
218.01
(3) (a) 36. b. Fails to revise or remove portions of an agreement that the
5department
of transportation declares to contain provisions which are inconsistent
6with sub. (2) (bm).
AB150-engrossed,1903,168
218.01
(3) (bf) 1. The department
of transportation shall not license as a dealer
9an applicant for the sale of motor vehicles at retail unless such applicant owns or
10leases a vehicle display lot and a permanent building wherein there are facilities to
11display automobiles and motorcycles and facilities to repair functional and
12nonfunctional parts of motor vehicles and where replacement parts, repair tools and
13equipment to service motor vehicles are kept, and at which place of business shall
14be kept and maintained the books, records and files necessary to conduct the
15business. A residence, tent or temporary stand is not a sufficiently permanent place
16of business within the meaning of this paragraph.
AB150-engrossed,1903,2418
218.01
(3) (c) 3. Matters involving suspensions or revocations brought before
19the department
of transportation shall be heard and decided upon by the division of
20hearings and appeals. If the department
of transportation requests the division of
21hearings and appeals to hear a matter brought before the department
of
22transportation under subd. 2., the division of hearings and appeals shall hear and
23decide the matter within 30 days after the date of the
department's department of
24transportation's request.
AB150-engrossed,1904,20
1218.01
(3) (f) 1. A manufacturer, importer or distributor who seeks to enter into
2a franchise agreement establishing or relocating a motor vehicle dealership, parts
3outlet or service outlet within the relevant market area of an existing enfranchised
4dealer of the line make of motor vehicle shall first notify in writing the department
5of transportation and each such existing enfranchised dealer of its intention to
6establish or relocate a dealership or outlet. Within 30 days of receiving the notice or
7within 30 days after the end of any appeal procedure provided by the manufacturer,
8importer or distributor, whichever is later, any existing enfranchised dealer of the
9same line make to whom the manufacturer, importer or distributor is required to give
10notice under this subdivision may file with the department
of transportation and the
11division of hearings and appeals a complaint protesting the proposed establishment
12or relocation of the dealership or outlet within the relevant market area of the
13existing enfranchised dealer. If a complaint is filed, the department
of
14transportation shall inform the manufacturer, importer or distributor that a timely
15complaint has been filed, that a hearing is required, and that the proposed franchise
16agreement may not be entered into until the division of hearings and appeals has
17held a hearing, nor thereafter, if the division of hearings and appeals determines that
18there is good cause for not permitting the proposed establishment or relocation of the
19dealership or outlet. In the event of multiple complaints, hearings shall be
20consolidated to expedite the disposition of the issue.
AB150-engrossed,1905,922
218.01
(3) (fm) 1. A manufacturer or distributor may not modify a motor vehicle
23dealer agreement during the term of the agreement or upon its renewal if the
24modification substantially and adversely affects the motor vehicle dealer's rights,
25obligations, investment or return on investment without giving 60 days written
1notice of the proposed modification to the motor vehicle dealer unless the
2modification is required by law, court order or the licensor. Within the 60-day notice
3period the motor vehicle dealer may file with the department
of transportation and
4the division of hearings and appeals and serve upon the respondent a complaint for
5a determination of whether there is good cause for permitting the proposed
6modification. The division of hearings and appeals shall promptly schedule a
7hearing and decide the matter. Multiple complaints pertaining to the same proposed
8modification shall be consolidated for hearing. The proposed modification may not
9take effect pending the determination of the matter.
AB150-engrossed,1905,1411
218.01
(3) (g) Any person in interest aggrieved by a decision of the division of
12hearings and appeals may have a review thereof as provided in ch. 227 or aggrieved
13by an order of the
commissioner division of banking may have a review thereof as
14provided in s. 220.037.
AB150-engrossed,1905,2116
218.01
(3) (h) In addition to the licensor's authority to deny, suspend or revoke
17a license under this section, the
commissioner division of banking, after public
18hearing, may issue a special order enjoining any licensee from engaging in any act
19or practice which is determined by the
commissioner
division of banking to be in
20violation of any provision of par. (a), and the division of hearings and appeals may
21be petitioned to issue such a special order after notice and hearing thereon.
AB150-engrossed,1905,2423
218.01
(3a) (title)
When department to revoke Revocation of license of
24dealer, distributor, manufacturer, or transporter.
AB150-engrossed,1906,6
1218.01
(3a) (a) If a dealer, distributor or manufacturer is convicted under s.
2341.55 (1) a second or subsequent time within the same registration year, the
3department
of transportation shall revoke the license of such dealer, distributor or
4manufacturer for a period not to exceed one year. For the purposes of this paragraph,
5the conviction of the employe of a dealer, distributor or manufacturer shall be
6counted as a conviction of the employer.
AB150-engrossed,1906,108
218.01
(3a) (b) If a transporter is convicted under s. 341.55 (3) a 2nd or
9subsequent time within the same license period, the department
of transportation 10shall revoke the license of such transporter for a period not to exceed one year.
AB150-engrossed,1906,1712
218.01
(3a) (c) A dealer, distributor, manufacturer or transporter whose license
13has been revoked shall forthwith surrender its registration plates to a traffic officer
14or peace officer designated by the department
of transportation. A dealer,
15distributor, manufacturer or transporter who fails to return the plates as required
16by this subsection may be fined not more than $200 or imprisoned not more than 6
17months or both.
AB150-engrossed,1907,919
218.01
(3c) (c) If a manufacturer, factory branch or distributor believes it has
20good cause for refusing to honor the succession to the ownership and operation of a
21dealership by a family member of a deceased or incapacitated dealer under the
22existing franchise agreement, such manufacturer, factory branch or distributor may,
23within 30 days of receipt of notice of the designated family member's intent to
24succeed the dealer in the ownership and operation of the dealership, serve upon such
25designated family member and the department
of transportation notice of its refusal
1to honor the succession and of its intent to discontinue the existing franchise
2agreement with the dealership no sooner than 60 days from the date such notice is
3served. Such notice shall state the specific grounds for the refusal to honor the
4succession and the discontinuance of the franchise agreement. If no notice of such
5refusal and discontinuance is timely served upon the family member and
6department
of transportation, or if the division of hearings and appeals rules in favor
7of the complainant in a hearing held under par. (d), the franchise agreement shall
8continue in effect subject to termination only in the manner prescribed in this
9subchapter.
AB150-engrossed,1908,411
218.01
(3c) (d) Any designated family member who receives a notice of the
12manufacturer's, factory branch's or distributor's refusal to honor his or her
13succession to the ownership and operation of the dealership may, within the 60-day
14notice period, serve on the respondent and file in triplicate with the division of
15hearings and appeals a verified complaint for a hearing and determination by the
16division of hearings and appeals on whether good cause exists for such refusal and
17discontinuance. The division of hearings and appeals shall forward a copy of the
18complaint to the department
of transportation. The manufacturer, factory branch
19or distributor shall have the burden of establishing good cause for such refusal by
20showing that the succession would be detrimental to the public interest or to the
21representation of the manufacturer, factory branch or distributor. The franchise
22agreement shall continue in effect until the final determination of the issues raised
23in such complaint. If the complainant prevails he or she shall have a cause of action
24against the defendant for reasonable expenses and attorney fees incurred in such
25matter. If the manufacturer, factory branch or distributor prevails, the division of
1hearings and appeals shall include in its order approving the termination of the
2franchise agreement such conditions as are reasonable and adequate to afford the
3complainant an opportunity to receive fair and reasonable compensation for the
4value of the dealership.
AB150-engrossed,1908,176
218.01
(3x) (b) 1. If a motor vehicle dealer's agreement with an affected grantor
7requires the grantor's prior approval of an action proposed to be undertaken by the
8dealer under this subsection, a dealer may not voluntarily change its ownership or
9executive management, transfer its dealership assets to another person, add another
10franchise at the same location as its existing franchise or relocate a franchise without
11giving prior written notice of the proposed action to the affected grantor and to the
12department
of transportation. Within 20 days after receiving the notice, the affected
13grantor may serve the dealer with a written list of the information not already known
14or in the possession of the grantor that is reasonably necessary in order for the
15grantor to determine whether the proposed action should be approved. The grantor
16shall, in good faith, confirm in writing to the dealer the date on which it has received
17from the dealer or from other sources all the information specified on the list.
AB150-engrossed,1909,919
218.01
(3x) (b) 2. An affected grantor who does not approve of the proposed
20action shall, within 30 days after receiving the dealer's written notice of the proposed
21action or within 30 days after receiving all the information specified in a written list
22served on the dealer under subd. 1., whichever is later, file with the department and
23serve upon the dealer a written statement of the reasons for its disapproval. The
24reasons given for the disapproval or any explanation of those reasons by the
25manufacturer, distributor or importer shall not subject the manufacturer,
1distributor or importer to any civil liability unless the reasons given or explanations
2made are malicious and published with the sole intent to cause harm to the dealer
3or a transferee of the dealer. Failure to file and serve a statement within the
4applicable period shall, notwithstanding the terms of any agreement, constitute
5approval of the proposed action by the grantor. If an affected grantor files a written
6statement within the applicable period, the dealer may not voluntarily undertake
7the proposed action unless it receives an order permitting it to do so from the
office
8of the commissioner of transportation division of hearings and appeals under par. (c)
92.
AB150-engrossed, s. 5885m
10Section 5885m. 218.01 (3x) (b) 2. of the statutes, as affected by 1995 Wisconsin
11Act .... (this act), is repealed and recreated to read:
AB150-engrossed,1910,212
218.01
(3x) (b) 2. An affected grantor who does not approve of the proposed
13action shall, within 30 days after receiving the dealer's written notice of the proposed
14action or within 30 days after receiving all the information specified in a written list
15served on the dealer under subd. 1., whichever is later, file with the department of
16transportation and serve upon the dealer a written statement of the reasons for its
17disapproval. The reasons given for the disapproval or any explanation of those
18reasons by the manufacturer, distributor or importer shall not subject the
19manufacturer, distributor or importer to any civil liability unless the reasons given
20or explanations made are malicious and published with the sole intent to cause harm
21to the dealer or a transferee of the dealer. Failure to file and serve a statement within
22the applicable period shall, notwithstanding the terms of any agreement, constitute
23approval of the proposed action by the grantor. If an affected grantor files a written
24statement within the applicable period, the dealer may not voluntarily undertake
1the proposed action unless it receives an order permitting it to do so from the division
2of hearings and appeals under par. (c) 2.
AB150-engrossed,1910,114
218.01
(3x) (b) 3. A dealer who is served with a written statement by an affected
5grantor under subd. 2 may file with the department and the
office of the
6commissioner of transportation division of hearings and appeals and serve upon the
7affected grantor a complaint for the determination of whether there is good cause for
8permitting the proposed action to be undertaken. The
office of the commissioner of
9transportation division of hearings and appeals shall promptly schedule a hearing
10and decide the matter. The proposed action may not be undertaken pending the
11determination of the matter.
AB150-engrossed, s. 5886g
12Section 5886g. 218.01 (3x) (b) 3. of the statutes, as affected by 1995 Wisconsin
13Act .... (this act), is repealed and recreated to read:
AB150-engrossed,1910,2014
218.01
(3x) (b) 3. A dealer who is served with a written statement by an affected
15grantor under subd. 2. may file with the department of transportation and the
16division of hearings and appeals and serve upon the affected grantor a complaint for
17the determination of whether there is good cause for permitting the proposed action
18to be undertaken. The division of hearings and appeals shall promptly schedule a
19hearing and decide the matter. The proposed action may not be undertaken pending
20the determination of the matter.
AB150-engrossed,1910,2422
218.01
(3x) (c) 1. (intro.) In determining if there is good cause for permitting
23a proposed action to be undertaken, the
office of the commissioner of transportation 24division of hearings and appeals may consider any relevant factor including:
AB150-engrossed,1911,7
1218.01
(3x) (c) 2. The decision of the
office of the commissioner of
2transportation division of hearings and appeals shall be in writing and shall contain
3findings of fact and a determination of whether there is good cause for permitting the
4proposed action to be undertaken. The decision shall include an order that the dealer
5be allowed or is not allowed to undertake the proposed action, as the case may be.
6The order may require fulfillment of appropriate conditions before and after the
7proposed action is undertaken.
AB150-engrossed,1911,179
218.01
(5) (b) 1. The
commissioner
division of banking, department
of
10transportation and division of hearings and appeals shall have the power in hearings
11arising under this chapter to determine the place, in this state, where they shall be
12held; to subpoena witnesses and documents; to take and permit the taking of
13depositions of witnesses residing in or outside of this state and to otherwise permit
14the discovery and preservation of evidence before hearing, in the manner provided
15for in civil actions in courts of record; to pay such witnesses the fees and mileage for
16their attendance as is provided for witnesses in civil actions in courts of record; and
17to administer oaths.
AB150-engrossed,1912,619
218.01
(5) (b) 3. A person providing information under this paragraph may
20request that the information be designated as a trade secret, as defined in s. 134.90
21(1) (c), or as confidential business information. The
commissioner, division of
22hearings and appeals or licensor shall approve the designation if the person
23providing the information demonstrates that the release of the information would
24adversely affect the person's competitive position. At least 15 days before any
25information designated as a trade secret or as confidential business information is
1disclosed to any other person, the
commissioner, division of hearings and appeals or
2licensor shall notify the person providing the information. The person providing the
3information may seek a court order limiting or prohibiting the disclosure. In such
4cases, the court shall weigh the need for confidentiality of the information against
5the public interest in disclosure. Confidentiality is waived if the person providing
6the information consents in writing to disclosure.
AB150-engrossed,1912,238
218.01
(6) (b) (intro.) Prior to or concurrent with any instalment sale, the seller
9shall deliver to the buyer a written statement describing clearly the motor vehicle
10sold to the buyer, the cash sale price, the cash paid down by the buyer, the amount
11credited the buyer for any trade-in and a description of the trade-in, the cost to the
12retail buyer of any insurance, the amount financed which may include the cost of
13insurance, sales and use taxes, the amount of the finance charge, the amount of any
14other charge specifying its purpose, the total of payments due from the buyer, the
15terms of the payment of such total, the amount and date of each payment necessary
16finally to pay the total and a summary of any insurance coverage to be effected. The
17commissioner division of banking may determine the form of the statement. If a
18written order is taken from a prospective purchaser in connection with any
19instalment sale, the written statement shall be given to the purchaser prior to or
20concurrent with the signing of the order by the purchaser. The finance charge in a
21retail instalment sale made prior to April 6, 1980, however computed, excluding the
22cost of insurance shall not exceed the amount computed on the basis of the following
23annual percentage rates:
AB150-engrossed,1913,5
1218.01
(6) (em) In event the dealer shall finance the instalment sale contract,
2the
commissioner division of banking may permit the dealer to combine the
3information required by pars. (b) and (e) last above in one statement under such rules
4and regulations as the
commissioner division of banking may from time to time
5prescribe.
AB150-engrossed,1913,157
218.01
(7a) (a) A motor vehicle may not be offered for sale by any motor vehicle
8dealer or motor vehicle salesperson unless the mileage on the motor vehicle is
9disclosed in writing by the transferor on the certificate of title or on a form authorized
10by the department
of transportation to reassign the title to the dealer and the
11disclosure is subsequently shown to the retail purchaser by the dealer or salesperson
12prior to sale. The department
of transportation may promulgate rules to exempt
13types of motor vehicles from this mileage disclosure requirement and shall
14promulgate rules for making the disclosure requirement on a form other than the
15certificate of title.
AB150-engrossed,1913,2317
218.01
(7a) (b) It shall be unlawful for any motor vehicle dealer or motor vehicle
18salesperson to fail to provide, upon request of a prospective purchaser, the name and
19address of the most recent titled owner and of all subsequent nontitled owners,
20unless exempted from this requirement by rule of the department
of transportation,
21of any motor vehicle offered for sale. If the most recent titled owner of the motor
22vehicle is the motor vehicle dealer, the dealer or salesperson shall also provide the
23name and address of the previous titled owner.
AB150-engrossed,1914,17
1218.01
(7b) Purchase of motor vehicle by minor. No minor shall purchase any
2motor vehicle unless the minor, at the time of purchase, submits to the seller a
3statement verified before a person authorized to administer oaths and made and
4signed by either parent of the purchaser, if such parent has custody of the minor or,
5if neither parent has custody, then by the person having custody, setting forth that
6the purchaser has consent to purchase the vehicle. The signature on the statement
7shall not impute any liability for the purchase price of the motor vehicle to the
8consenting person. The statement shall not adversely affect any other arrangement
9for the assumption of liability for the purchase price which the consenting person
10may make. The signed statement shall accompany the application for a certificate
11of title and shall be filed by the department
of transportation with the application.
12Failure to obtain the consent or to forward it with the application for a certificate of
13title shall not void the contract of sale of a motor vehicle in the hands of an innocent
14holder, without notice, for value and in the ordinary course of business. Any person
15who sells a motor vehicle to a minor with knowledge of such fact without procuring
16such a statement may be fined not more than $200 or imprisoned not more than 6
17months or both.
AB150-engrossed,1915,319
218.01
(7m) (a) A licensee may not file a complaint or petition with the
office
20of the commissioner of transportation division of hearings and appeals or bring an
21action under sub. (9) (a), based on an alleged violation of this section by any other
22licensee or pursuant to sub. (3) (f) or (fm), (3c) or (3x), unless the licensee serves a
23demand for mediation upon the other licensee before or contemporaneous with the
24filing of the complaint or petition or the bringing of the action. A demand for
25mediation shall be in writing and served upon the other licensee by certified mail at
1an address designated for that licensee in the licensor's records. The demand for
2mediation shall contain a brief statement of the dispute and the relief sought by the
3licensee filing the demand.
AB150-engrossed,1915,205
218.01
(7m) (c) The service of a demand for mediation under par. (a) shall stay
6the time for the filing of any complaint or petition with the
office of the commissioner
7of transportation division of hearings and appeals or for bringing an action under
8sub. (9) (a), based on an alleged violation of this section by the other licensee or
9pursuant to sub. (3) (f) or (fm), (3c) or (3x), until the representatives of both licensees
10have met with a mutually selected mediator for the purpose of attempting to resolve
11the dispute. If a complaint or petition is filed before the meeting, the
office of the
12commissioner of transportation division of hearings and appeals or the court shall
13enter an order suspending the proceeding or action until the meeting has occurred
14and may, upon the written stipulation of all parties to the proceeding or action that
15they wish to continue to mediate under this subsection, enter an order suspending
16the proceeding or action for as long a period as the
commissioner of transportation 17division of hearings and appeals or court considers to be appropriate. A suspension
18order issued under this paragraph may be revoked upon motion of any party or upon
19motion of the
office of the commissioner of transportation division of hearings and
20appeals or the court.
AB150-engrossed,1915,2323
218.02
(1) (d) "Division" means the division of banking.
AB150-engrossed,1916,6
1218.02
(2) (a) Each adjustment service company shall apply to the
2commissioner of banking division for a license to engage in such business.
3Application for a separate license for each office of a company to be operated under
4this section shall be made to the
commissioner division in writing, under oath, in a
5form to be prescribed by the
commissioner division. The
commissioner division may
6issue more than one license to the same licensee.
AB150-engrossed,1916,138
218.02
(2) (b) At the time of making application and before engaging in
9business, every applicant for an adjustment service company license shall pay a
10nonrefundable $200 fee
of $100 to the commissioner for investigating the application
11and
the sum of $100 as an a $200 annual license fee. If the cost of an investigation
12exceeds
$100 $200, the applicant shall, upon demand of the commissioner, pay the
13excess cost. No investigation fee shall be required on the renewal of a license.
AB150-engrossed, s. 5898
14Section
5898
. 218.02 (2) (b) of the statutes, as affected by 1995 Wisconsin Act
15.... (this act), is amended to read:
AB150-engrossed,1916,2116
218.02
(2) (b) At the time of making application and before engaging in
17business, every applicant for an adjustment service company license shall pay a
18nonrefundable $200 fee to the
commissioner division for investigating the
19application and a $200 annual license fee. If the cost of an investigation exceeds
20$200, the applicant shall, upon demand of the
commissioner division, pay the excess
21cost. No investigation fee shall be required on the renewal of a license.
AB150-engrossed,1917,223
218.02
(2) (c) The
commissioner division may require any licensee either before
24or after the issuance of the license to file and maintain in force a bond in a form to
25be prescribed by and acceptable to the
commissioner
division, in such sum as the
1commissioner division may deem necessary to safeguard the interest of the
2borrowers and the public, not exceeding, however, the sum of $5,000.
AB150-engrossed,1917,74
218.02
(3) Conditions of the issuance of licenses. (intro.) The
commissioner 5division shall issue a license to the applicant to conduct such business at the office
6specified in the application in accordance with the provisions of this section, if the
7commissioner division shall find:
AB150-engrossed,1917,149
218.02
(4) Order denying application. If the
commissioner division is not
10satisfied as to all of the matters specified in sub. (3) the
commissioner division shall
11enter a special order denying the application for a license and shall return the
12applicant's license fee. The
commissioner division shall make findings of fact as part
13of and in support of the
commissioner's division's order denying any application for
14a license.