2003 WISCONSIN ACT 215
An Act to amend 218.0114 (1) and 218.0119 (4) of the statutes; relating to: unlicensed motor vehicle dealers, motor vehicle salespersons, and sales finance companies, and providing a penalty.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
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Section
1. 218.0114 (1) of the statutes is amended to read:
218.0114 (1) No motor vehicle dealer, motor vehicle salesperson or sales finance company may engage in business as a motor vehicle dealer, motor vehicle salesperson or sales finance company in this state without a license therefor as provided in ss. 218.0101 to 218.0163. If any motor vehicle dealer acts as a motor vehicle salesperson, he or she shall secure a motor vehicle salesperson's license in addition to a motor vehicle dealer license. Every motor vehicle dealer shall be responsible for the licensing of every motor vehicle salesperson in his or her employ. Any person violating this subsection may be fined required to forfeit not less than $500 nor more than $5,000.
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Section
2. 218.0119 (4) of the statutes is amended to read:
218.0119 (4) Any dealer, distributor, manufacturer or transporter who fails to comply with the requirements of this section may be fined not more than $200 or imprisoned for not more than 6 months or both required to forfeit not less than $100 nor more than $200.
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3.
Initial applicability.
(1) This act first applies to violations that occur on the effective date of this subsection.
