186.41(7)
(7) When invalidated. If any part of
subs. (1) to
(5) is held to be unconstitutional, then all of
subs. (1) to
(5) shall be invalid.
186.45
186.45
Non-Wisconsin credit union, Wisconsin offices. 186.45(1)(a)
(a) "Non-Wisconsin credit union" means a credit union organized under the laws of and with its principal office located in a state other than this state.
186.45(2)
(2) Approval. A non-Wisconsin credit union may open an office and conduct business as a credit union in this state if the office of credit unions finds that Wisconsin credit unions are allowed to do business in the other state under conditions similar to those contained in this section and that all of the following apply to the non-Wisconsin credit union:
186.45(2)(a)
(a) It is a credit union organized under laws similar to the credit union laws of this state.
186.45(2)(b)
(b) It is financially solvent based upon national board ratings.
186.45(2)(c)
(c) It has member savings insured with federal share insurance.
186.45(2)(d)
(d) It is effectively examined and supervised by the credit union authorities of the state in which it is organized.
186.45(2)(e)
(e) It has received approval to open an office and conduct business as a credit union in this state from the credit union authorities of the state in which it is organized.
186.45(2)(f)
(f) It has a need to place an office in this state to adequately serve its members in this state.
186.45(2)(g)
(g) It meets all other relevant standards or qualifications established by the office of credit unions.
186.45(3)
(3) Requirements. A non-Wisconsin credit union that opens an office and conducts business as a credit union in this state shall do all of the following:
186.45(3)(a)
(a) Grant loans at rates not in excess of the rates permitted for Wisconsin credit unions.
186.45(3)(c)
(c) Designate and maintain an agent for the service of process in this state.
186.45(4)
(4) Records. As a condition of a non-Wisconsin credit union doing business in this state under this section, the office of credit unions may require copies of examination reports and related correspondence regarding the non-Wisconsin credit union.
186.45 History
History: 2003 a. 63,
326.
186.52
186.52
Customer access to appraisals. If requested by an individual who is a customer, loan applicant or credit applicant, a financial institution, as defined in
s. 705.01 (3), shall provide that individual with a copy of any written appraisal report which is held by the financial institution, which relates to residential real estate that the individual owns or has agreed to purchase and for which a fee is imposed.
186.52 History
History: 1991 a. 78.
186.53
186.53
Customer access to credit reports. If requested by an individual who is a customer, loan applicant or credit applicant, a financial institution, as defined in
s. 705.01 (3), shall provide that individual, at no additional charge, with a copy of any written credit report which is held by the financial institution, which relates to that individual and for which a fee is imposed.
186.53 History
History: 1993 a. 425.
186.60
186.60
Venue. An action brought by a credit union to enjoin the office of credit unions in the discharge of the office's duties shall be brought in the county in which the credit union is located.
186.60 History
History: 1995 a. 151.
186.70
186.70
Record search. A credit union is entitled to reimbursement for expenses and costs incurred in searching for, reproducing and transporting books, papers, records and other data required to be produced by legal process, unless otherwise prohibited by law from collecting these expenses and costs or unless the person seeking the production is a government unit, as defined in
s. 108.02 (17). The expenses and costs shall be paid by persons seeking such production. If a credit union is entitled to reimbursement under this section, a credit union may not be required to produce books, papers, records and other data in response to legal process unless the expenses and costs, identified in an itemized invoice to be provided by the credit union, are paid or unless payment is tendered to the credit union in cash or by certified check or draft.
186.70 History
History: 1995 a. 336.
186.71
186.71
Reproduction and destruction of records; evidence. 186.71(1)(1) Any credit union may cause any or all records kept by such credit union to be recorded, copied or reproduced by any photostatic, photographic or miniature photographic process or by optical imaging if the process employed correctly, accurately and permanently copies, reproduces or forms a medium for copying, reproducing or recording the original record on a film or other durable material. A credit union may thereafter dispose of the original record after first obtaining the written consent of the office of credit unions.
186.71(2)
(2) Any photographic, photostatic or miniature photographic copy or reproduction or copy reproduced from a film record or any copy of a record generated from optical disk storage of a credit union record is considered to be an original record for all purposes and shall be treated as an original record in all courts or administrative agencies for the purpose of its admissibility in evidence. A facsimile, exemplification or certified copy of any such photographic copy or reproduction, copy reproduced from a film record or copy generated from optical disk storage of a record shall, for all purposes, be considered a facsimile, exemplification or certified copy of the original record.
186.71 History
History: 1997 a. 152.
186.80
186.80
False statements. 186.80(1)(1) No officer, director, or employee of a credit union may do any of the following:
186.80(1)(a)
(a) Willfully and knowingly subscribe to or make, or cause to be made, a false statement or entry in the books of the credit union.
186.80(1)(b)
(b) Knowingly subscribe to or exhibit false information with the intent to deceive any person authorized to examine the affairs of the credit union.
186.80(1)(c)
(c) Knowingly make, state, or publish any false report or statement of the credit union.
186.80(2)
(2) Any person who violates
sub. (1) is guilty of a Class F felony.
186.80 History
History: 2003 a. 63.
