AB150: Bill Text Engrossed

AB150-engrossed, s. 5884 Section 5884. 218.01 (3x) (b) 1. of the statutes is amended to read:

AB150-engrossed,1908,17 218.01 (3x) (b) 1. If a motor vehicle dealer's agreement with an affected grantor requires the grantor's prior approval of an action proposed to be undertaken by the dealer under this subsection, a dealer may not voluntarily change its ownership or executive management, transfer its dealership assets to another person, add another franchise at the same location as its existing franchise or relocate a franchise without giving prior written notice of the proposed action to the affected grantor and to the department of transportation. Within 20 days after receiving the notice, the affected grantor may serve the dealer with a written list of the information not already known or in the possession of the grantor that is reasonably necessary in order for the grantor to determine whether the proposed action should be approved. The grantor shall, in good faith, confirm in writing to the dealer the date on which it has received from the dealer or from other sources all the information specified on the list.

AB150-engrossed, s. 5885g Section 5885g. 218.01 (3x) (b) 2. of the statutes is amended to read:

AB150-engrossed,1909,9 218.01 (3x) (b) 2. An affected grantor who does not approve of the proposed action shall, within 30 days after receiving the dealer's written notice of the proposed action or within 30 days after receiving all the information specified in a written list served on the dealer under subd. 1., whichever is later, file with the department and serve upon the dealer a written statement of the reasons for its disapproval. The reasons given for the disapproval or any explanation of those reasons by the manufacturer, distributor or importer shall not subject the manufacturer, distributor or importer to any civil liability unless the reasons given or explanations made are malicious and published with the sole intent to cause harm to the dealer or a transferee of the dealer. Failure to file and serve a statement within the applicable period shall, notwithstanding the terms of any agreement, constitute approval of the proposed action by the grantor. If an affected grantor files a written statement within the applicable period, the dealer may not voluntarily undertake the proposed action unless it receives an order permitting it to do so from the office of the commissioner of transportation division of hearings and appeals under par. (c) 2.

AB150-engrossed, s. 5885m Section 5885m. 218.01 (3x) (b) 2. of the statutes, as affected by 1995 Wisconsin Act .... (this act), is repealed and recreated to read:

AB150-engrossed,1910,2 218.01 (3x) (b) 2. An affected grantor who does not approve of the proposed action shall, within 30 days after receiving the dealer's written notice of the proposed action or within 30 days after receiving all the information specified in a written list served on the dealer under subd. 1., whichever is later, file with the department of transportation and serve upon the dealer a written statement of the reasons for its disapproval. The reasons given for the disapproval or any explanation of those reasons by the manufacturer, distributor or importer shall not subject the manufacturer, distributor or importer to any civil liability unless the reasons given or explanations made are malicious and published with the sole intent to cause harm to the dealer or a transferee of the dealer. Failure to file and serve a statement within the applicable period shall, notwithstanding the terms of any agreement, constitute approval of the proposed action by the grantor. If an affected grantor files a written statement within the applicable period, the dealer may not voluntarily undertake the proposed action unless it receives an order permitting it to do so from the division of hearings and appeals under par. (c) 2.

AB150-engrossed, s. 5886d Section 5886d. 218.01 (3x) (b) 3. of the statutes is amended to read:

AB150-engrossed,1910,11 218.01 (3x) (b) 3. A dealer who is served with a written statement by an affected grantor under subd. 2 may file with the department and the office of the commissioner of transportation division of hearings and appeals and serve upon the affected grantor a complaint for the determination of whether there is good cause for permitting the proposed action to be undertaken. The office of the commissioner of transportation division of hearings and appeals shall promptly schedule a hearing and decide the matter. The proposed action may not be undertaken pending the determination of the matter.

AB150-engrossed, s. 5886g Section 5886g. 218.01 (3x) (b) 3. of the statutes, as affected by 1995 Wisconsin Act .... (this act), is repealed and recreated to read:

AB150-engrossed,1910,20 218.01 (3x) (b) 3. A dealer who is served with a written statement by an affected grantor under subd. 2. may file with the department of transportation and the division of hearings and appeals and serve upon the affected grantor a complaint for the determination of whether there is good cause for permitting the proposed action to be undertaken. The division of hearings and appeals shall promptly schedule a hearing and decide the matter. The proposed action may not be undertaken pending the determination of the matter.

AB150-engrossed, s. 5886j Section 5886j. 218.01 (3x) (c) 1. (intro.) of the statutes is amended to read:

AB150-engrossed,1910,24 218.01 (3x) (c) 1. (intro.) In determining if there is good cause for permitting a proposed action to be undertaken, the office of the commissioner of transportation division of hearings and appeals may consider any relevant factor including:

AB150-engrossed, s. 5886m Section 5886m. 218.01 (3x) (c) 2. of the statutes is amended to read:

AB150-engrossed,1911,7 218.01 (3x) (c) 2. The decision of the office of the commissioner of transportation division of hearings and appeals shall be in writing and shall contain findings of fact and a determination of whether there is good cause for permitting the proposed action to be undertaken. The decision shall include an order that the dealer be allowed or is not allowed to undertake the proposed action, as the case may be. The order may require fulfillment of appropriate conditions before and after the proposed action is undertaken.

AB150-engrossed, s. 5887 Section 5887. 218.01 (5) (b) 1. of the statutes is amended to read:

AB150-engrossed,1911,17 218.01 (5) (b) 1. The commissioner division of banking, department of transportation and division of hearings and appeals shall have the power in hearings arising under this chapter to determine the place, in this state, where they shall be held; to subpoena witnesses and documents; to take and permit the taking of depositions of witnesses residing in or outside of this state and to otherwise permit the discovery and preservation of evidence before hearing, in the manner provided for in civil actions in courts of record; to pay such witnesses the fees and mileage for their attendance as is provided for witnesses in civil actions in courts of record; and to administer oaths.

AB150-engrossed, s. 5888 Section 5888. 218.01 (5) (b) 3. of the statutes is amended to read:

AB150-engrossed,1912,6 218.01 (5) (b) 3. A person providing information under this paragraph may request that the information be designated as a trade secret, as defined in s. 134.90 (1) (c), or as confidential business information. The commissioner, division of hearings and appeals or licensor shall approve the designation if the person providing the information demonstrates that the release of the information would adversely affect the person's competitive position. At least 15 days before any information designated as a trade secret or as confidential business information is disclosed to any other person, the commissioner, division of hearings and appeals or licensor shall notify the person providing the information. The person providing the information may seek a court order limiting or prohibiting the disclosure. In such cases, the court shall weigh the need for confidentiality of the information against the public interest in disclosure. Confidentiality is waived if the person providing the information consents in writing to disclosure.

AB150-engrossed, s. 5889 Section 5889. 218.01 (6) (b) (intro.) of the statutes is amended to read:

AB150-engrossed,1912,23 218.01 (6) (b) (intro.) Prior to or concurrent with any instalment sale, the seller shall deliver to the buyer a written statement describing clearly the motor vehicle sold to the buyer, the cash sale price, the cash paid down by the buyer, the amount credited the buyer for any trade-in and a description of the trade-in, the cost to the retail buyer of any insurance, the amount financed which may include the cost of insurance, sales and use taxes, the amount of the finance charge, the amount of any other charge specifying its purpose, the total of payments due from the buyer, the terms of the payment of such total, the amount and date of each payment necessary finally to pay the total and a summary of any insurance coverage to be effected. The commissioner division of banking may determine the form of the statement. If a written order is taken from a prospective purchaser in connection with any instalment sale, the written statement shall be given to the purchaser prior to or concurrent with the signing of the order by the purchaser. The finance charge in a retail instalment sale made prior to April 6, 1980, however computed, excluding the cost of insurance shall not exceed the amount computed on the basis of the following annual percentage rates:

AB150-engrossed, s. 5890 Section 5890. 218.01 (6) (em) of the statutes is amended to read:

AB150-engrossed,1913,5 218.01 (6) (em) In event the dealer shall finance the instalment sale contract, the commissioner division of banking may permit the dealer to combine the information required by pars. (b) and (e) last above in one statement under such rules and regulations as the commissioner division of banking may from time to time prescribe.

AB150-engrossed, s. 5891 Section 5891. 218.01 (7a) (a) of the statutes is amended to read:

AB150-engrossed,1913,15 218.01 (7a) (a) A motor vehicle may not be offered for sale by any motor vehicle dealer or motor vehicle salesperson unless the mileage on the motor vehicle is disclosed in writing by the transferor on the certificate of title or on a form authorized by the department of transportation to reassign the title to the dealer and the disclosure is subsequently shown to the retail purchaser by the dealer or salesperson prior to sale. The department of transportation may promulgate rules to exempt types of motor vehicles from this mileage disclosure requirement and shall promulgate rules for making the disclosure requirement on a form other than the certificate of title.

AB150-engrossed, s. 5892 Section 5892. 218.01 (7a) (b) of the statutes is amended to read:

AB150-engrossed,1913,23 218.01 (7a) (b) It shall be unlawful for any motor vehicle dealer or motor vehicle salesperson to fail to provide, upon request of a prospective purchaser, the name and address of the most recent titled owner and of all subsequent nontitled owners, unless exempted from this requirement by rule of the department of transportation, of any motor vehicle offered for sale. If the most recent titled owner of the motor vehicle is the motor vehicle dealer, the dealer or salesperson shall also provide the name and address of the previous titled owner.

AB150-engrossed, s. 5893 Section 5893. 218.01 (7b) of the statutes is amended to read:

AB150-engrossed,1914,17 218.01 (7b) Purchase of motor vehicle by minor. No minor shall purchase any motor vehicle unless the minor, at the time of purchase, submits to the seller a statement verified before a person authorized to administer oaths and made and signed by either parent of the purchaser, if such parent has custody of the minor or, if neither parent has custody, then by the person having custody, setting forth that the purchaser has consent to purchase the vehicle. The signature on the statement shall not impute any liability for the purchase price of the motor vehicle to the consenting person. The statement shall not adversely affect any other arrangement for the assumption of liability for the purchase price which the consenting person may make. The signed statement shall accompany the application for a certificate of title and shall be filed by the department of transportation with the application. Failure to obtain the consent or to forward it with the application for a certificate of title shall not void the contract of sale of a motor vehicle in the hands of an innocent holder, without notice, for value and in the ordinary course of business. Any person who sells a motor vehicle to a minor with knowledge of such fact without procuring such a statement may be fined not more than $200 or imprisoned not more than 6 months or both.

AB150-engrossed, s. 5893g Section 5893g. 218.01 (7m) (a) of the statutes is amended to read:

AB150-engrossed,1915,3 218.01 (7m) (a) A licensee may not file a complaint or petition with the office of the commissioner of transportation division of hearings and appeals or bring an action under sub. (9) (a), based on an alleged violation of this section by any other licensee or pursuant to sub. (3) (f) or (fm), (3c) or (3x), unless the licensee serves a demand for mediation upon the other licensee before or contemporaneous with the filing of the complaint or petition or the bringing of the action. A demand for mediation shall be in writing and served upon the other licensee by certified mail at an address designated for that licensee in the licensor's records. The demand for mediation shall contain a brief statement of the dispute and the relief sought by the licensee filing the demand.

AB150-engrossed, s. 5893m Section 5893m. 218.01 (7m) (c) of the statutes is amended to read:

AB150-engrossed,1915,20 218.01 (7m) (c) The service of a demand for mediation under par. (a) shall stay the time for the filing of any complaint or petition with the office of the commissioner of transportation division of hearings and appeals or for bringing an action under sub. (9) (a), based on an alleged violation of this section by the other licensee or pursuant to sub. (3) (f) or (fm), (3c) or (3x), until the representatives of both licensees have met with a mutually selected mediator for the purpose of attempting to resolve the dispute. If a complaint or petition is filed before the meeting, the office of the commissioner of transportation division of hearings and appeals or the court shall enter an order suspending the proceeding or action until the meeting has occurred and may, upon the written stipulation of all parties to the proceeding or action that they wish to continue to mediate under this subsection, enter an order suspending the proceeding or action for as long a period as the commissioner of transportation division of hearings and appeals or court considers to be appropriate. A suspension order issued under this paragraph may be revoked upon motion of any party or upon motion of the office of the commissioner of transportation division of hearings and appeals or the court.

AB150-engrossed, s. 5894 Section 5894. 218.02 (1) (b) of the statutes is repealed.

AB150-engrossed, s. 5895 Section 5895. 218.02 (1) (d) of the statutes is created to read:

AB150-engrossed,1915,23 218.02 (1) (d) "Division" means the division of banking.

AB150-engrossed, s. 5896 Section 5896. 218.02 (2) (a) of the statutes is amended to read:

AB150-engrossed,1916,6 218.02 (2) (a) Each adjustment service company shall apply to the commissioner of banking division for a license to engage in such business. Application for a separate license for each office of a company to be operated under this section shall be made to the commissioner division in writing, under oath, in a form to be prescribed by the commissioner division. The commissioner division may issue more than one license to the same licensee.

AB150-engrossed, s. 5897 Section 5897. 218.02 (2) (b) of the statutes is amended to read:

AB150-engrossed,1916,13 218.02 (2) (b) At the time of making application and before engaging in business, every applicant for an adjustment service company license shall pay a nonrefundable $200 fee of $100 to the commissioner for investigating the application and the sum of $100 as an a $200 annual license fee. If the cost of an investigation exceeds $100 $200, the applicant shall, upon demand of the commissioner, pay the excess cost. No investigation fee shall be required on the renewal of a license.

AB150-engrossed, s. 5898 Section 5898 . 218.02 (2) (b) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is amended to read:

AB150-engrossed,1916,21 218.02 (2) (b) At the time of making application and before engaging in business, every applicant for an adjustment service company license shall pay a nonrefundable $200 fee to the commissioner division for investigating the application and a $200 annual license fee. If the cost of an investigation exceeds $200, the applicant shall, upon demand of the commissioner division, pay the excess cost. No investigation fee shall be required on the renewal of a license.

AB150-engrossed, s. 5899 Section 5899. 218.02 (2) (c) of the statutes is amended to read:

AB150-engrossed,1917,2 218.02 (2) (c) The commissioner division may require any licensee either before or after the issuance of the license to file and maintain in force a bond in a form to be prescribed by and acceptable to the commissioner division, in such sum as the commissioner division may deem necessary to safeguard the interest of the borrowers and the public, not exceeding, however, the sum of $5,000.

AB150-engrossed, s. 5900 Section 5900. 218.02 (3) (intro.) of the statutes is amended to read:

AB150-engrossed,1917,7 218.02 (3) Conditions of the issuance of licenses. (intro.) The commissioner division shall issue a license to the applicant to conduct such business at the office specified in the application in accordance with the provisions of this section, if the commissioner division shall find:

AB150-engrossed, s. 5901 Section 5901. 218.02 (4) of the statutes is amended to read:

AB150-engrossed,1917,14 218.02 (4) Order denying application. If the commissioner division is not satisfied as to all of the matters specified in sub. (3) the commissioner division shall enter a special order denying the application for a license and shall return the applicant's license fee. The commissioner division shall make findings of fact as part of and in support of the commissioner's division's order denying any application for a license.

AB150-engrossed, s. 5902 Section 5902. 218.02 (5) (b) of the statutes is amended to read:

AB150-engrossed,1917,23 218.02 (5) (b) Whenever a licensee shall contemplate a change of the licensee's place of business to another location within the same city, village or town, the licensee shall give written notice thereof to the commissioner, who division, which shall attach to the license the commissioner's division's authorization of such removal, specifying the date thereof and the new location. Such authorization shall be authority for the operation of such business under the same license at the specified new location. No change in the place of business of a licensee to a location outside of the original city, village or town shall be permitted under the same license.

AB150-engrossed, s. 5903 Section 5903. 218.02 (5) (c) of the statutes is amended to read:

AB150-engrossed,1918,3 218.02 (5) (c) Every licensee shall, on or before the tenth day of each December, pay to the commissioner division the annual license fee for the next succeeding calendar year.

AB150-engrossed, s. 5904 Section 5904. 218.02 (6) (intro.) of the statutes is amended to read:

AB150-engrossed,1918,7 218.02 (6) Revocation; suspension; reinstatement and term of licenses. (intro.) The commissioner division, after complaint, notice and hearings as provided in s. 217.19, shall revoke any license in the following cases:

AB150-engrossed, s. 5905 Section 5905. 218.02 (6) (c) of the statutes is amended to read:

AB150-engrossed,1918,11 218.02 (6) (c) If any fact or condition exists which, if it had existed at the time of the original application for such license, clearly would have warranted the commissioner division in refusing to issue such license;

AB150-engrossed, s. 5906 Section 5906. 218.02 (7) (intro.) of the statutes is amended to read:

AB150-engrossed,1918,16 218.02 (7) (title) Powers of commissioner division. (intro.) It shall be the duty of the commissioner division and the commissioner division shall have power, jurisdiction and authority to investigate the conditions and ascertain the facts with reference to such companies and upon the basis thereof:

AB150-engrossed, s. 5907 Section 5907. 218.02 (7) (c) of the statutes is amended to read:

AB150-engrossed,1918,24 218.02 (7) (c) At any time and so often as the commissioner division may determine to investigate the business and examine the books, accounts, records and files used therein of every licensee. The cost of an examination shall be determined by the commissioner division and shall be paid to the commissioner division by every licensee so examined within 30 days after demand therefor by the commissioner division, and the state may maintain an action for the recovery of such costs in any court of competent jurisdiction;

AB150-engrossed, s. 5908 Section 5908. 218.02 (9) (a) of the statutes is amended to read:

AB150-engrossed,1919,5 218.02 (9) (a) The commissioner division may make such rules and require such reports as the commissioner division deems necessary for the enforcement of this section. Sections 217.17, 217.18 and 217.21 (1) and (2) apply to and are available for the purposes of this section. Orders of the commissioner division under this section are subject to review by the consumer credit review board under s. 220.037.

AB150-engrossed, s. 5909 Section 5909. 218.02 (9) (b) of the statutes is amended to read:

AB150-engrossed,1919,9 218.02 (9) (b) All fees and moneys received by the commissioner division under authority of this chapter shall be paid by the commissioner division into the state treasury within one week after the receipt thereof.

AB150-engrossed, s. 5910 Section 5910. 218.02 (9) (c) of the statutes is amended to read:

AB150-engrossed,1919,15 218.02 (9) (c) The commissioner division shall investigate, ascertain and determine whether this chapter or the lawful orders issued hereunder are being violated and for such purposes the commissioner division shall have all of the powers conferred by ss. 217.17 and 217.18. The commissioner division shall report all violations to the district attorney of the proper county for prosecution.

AB150-engrossed, s. 5911 Section 5911. 218.04 (1) (c) of the statutes is amended to read:

AB150-engrossed,1919,18 218.04 (1) (c) "Commissioner" "Division" means the commissioner division of banking.

AB150-engrossed, s. 5912 Section 5912. 218.04 (3) (a) of the statutes is amended to read:

AB150-engrossed,1919,23 218.04 (3) (a) Application for licenses under the provisions of this section shall be made to the commissioner division in writing, under oath, on a form to be prescribed by the commissioner division. All licenses shall expire on June thirtieth next following their date of issue.

AB150-engrossed, s. 5913 Section 5913. 218.04 (3) (b) of the statutes is amended to read:

AB150-engrossed,1920,6 218.04 (3) (b) At the time of making application, every applicant for a collection agency license shall pay a nonrefundable fee of $100 $1,000 to the commissioner for investigating the application, unless the applicant is already licensed under this section, and the sum of $100 $200 as an annual license fee. If the cost of investigation exceeds $100 $1,000, the applicant shall, upon demand of the commissioner, pay the excess cost. No investigation fee is required on the renewal of a license.

AB150-engrossed, s. 5914 Section 5914 . 218.04 (3) (b) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is amended to read:

AB150-engrossed,1920,14 218.04 (3) (b) At the time of making application, every applicant for a collection agency license shall pay a nonrefundable fee of $1,000 to the commissioner division for investigating the application, unless the applicant is already licensed under this section, and the sum of $200 as an annual license fee. If the cost of investigation exceeds $1,000, the applicant shall, upon demand of the commissioner division, pay the excess cost. No investigation fee is required on the renewal of a license.

AB150-engrossed, s. 5915 Section 5915. 218.04 (3) (c) of the statutes is amended to read:

AB150-engrossed,1920,21 218.04 (3) (c) The license fee for a collector or solicitor shall be $2 $15. This license shall be carried as a means of identification whenever the collector is engaged in business. The license shall state the name of the employer and in case of a change of employer the commissioner shall indorse such change on the license without charge shall be surrendered to the commissioner upon termination of employment. A new license is required for a change of employment.

AB150-engrossed, s. 5916 Section 5916 . 218.04 (3) (c) of the statutes, as affected by 1995 Wisconsin Act .... (this act), is amended to read:

AB150-engrossed,1921,3 218.04 (3) (c) The license fee for a collector or solicitor shall be $15. This license shall be carried as a means of identification whenever the collector is engaged in business. The license shall state the name of the employer and shall be surrendered to the commissioner division upon termination of employment. A new license is required for a change of employment.

AB150-engrossed, s. 5917 Section 5917. 218.04 (3) (d) of the statutes is amended to read:

AB150-engrossed,1921,8 218.04 (3) (d) The commissioner division may require any licensee to file and maintain in force a bond, in a form to be prescribed by and acceptable to the commissioner division, and in such sum as the commissioner division may deem reasonably necessary to safeguard the interests of the public.

AB150-engrossed, s. 5918 Section 5918. 218.04 (4) (a) of the statutes is amended to read:

AB150-engrossed,1921,20 218.04 (4) (a) Upon the filing of such application and the payment of such fee, the commissioner division shall make an investigation, and if the commissioner division finds that the character and general fitness and the financial responsibility of the applicant, and the members thereof if the applicant is a partnership, limited liability company or association, and the officers and directors thereof if the applicant is a corporation, warrant the belief that the business will be operated in compliance with this section the commissioner division shall thereupon issue a license to said applicant. Such license is not assignable and shall permit operation under it only at or from the location specified in the license. A nonresident of this state may, upon complying with all other provisions of this section, secure a collection agency license provided the nonresident maintains an active office in this state.

AB150-engrossed, s. 5919 Section 5919. 218.04 (4) (b) of the statutes is amended to read:

AB150-engrossed,1922,2 218.04 (4) (b) No licensee shall conduct a collection agency business within any office, room or place of business in which any other business is solicited or engaged in, or in association or conjunction therewith, except as may be authorized in writing by the commissioner division upon finding that the character of such other business is such that the granting of such authority would not facilitate evasion of this section or the lawful orders issued thereunder.

AB150-engrossed, s. 5920 Section 5920. 218.04 (5) (a) (intro.) of the statutes is amended to read:

AB150-engrossed,1922,5 218.04 (5) (a) (intro.) The commissioner division may suspend or revoke any license issued under this section if the commissioner division finds that:

AB150-engrossed, s. 5921 Section 5921. 218.04 (5) (a) 1. of the statutes is amended to read:

AB150-engrossed,1922,8 218.04 (5) (a) 1. The licensee has violated any of the provisions of this section or any lawful order of the commissioner division made thereunder;

AB150-engrossed, s. 5922 Section 5922. 218.04 (5) (a) 2. of the statutes is amended to read:

AB150-engrossed,1922,12 218.04 (5) (a) 2. Any fact or condition exists which, if it had existed at the time of the original application for such license, would have warranted the commissioner division in refusing to issue such license;