(e) The contract must be accompanied by a completed form in duplicate, captioned "Notice of cancellation." This form must be attached to the contract, must be easily detachable, and must contain, in not less than 10-point type and written in the same language or languages as used in the contract, the following statement:
NOTICE OF CANCELLATION
(Enter date of transaction)
1. You may cancel this transaction, without any penalty or obligation, within 3 business days from the above date.
2. To cancel this transaction, you may either mail by certified mail or personally deliver a signed and dated copy of this notice of cancellation, or any other written notice of cancellation, to .... (name of foreclosure consultant) at .... (street or physical address of foreclosure consultant's place of business) NOT LATER THAN MIDNIGHT OF .... (date). If you personally deliver a notice of cancellation, .... (name of foreclosure consultant) must give you a receipt.
3. I hereby cancel this transaction.
(Date) ....
(Owner's signature) ....
(f) The foreclosure consultant shall provide the foreclosed homeowner with a copy of the contract and the attached notice of cancellation immediately upon execution of the contract.
(g) The 3 business days during which the foreclosed homeowner may cancel the contract shall not begin to run until the foreclosure consultant has complied with this subsection.
(4) Violations. It is a violation of this section for a foreclosure consultant to do any of the following:
(a) Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that he or she would perform.
(b) Claim, demand, charge, collect, or receive any fee, interest, or any other compensation for any reason that exceeds 8 percent per year of the amount of any loan that the foreclosure consultant may make to the foreclosed homeowner. Any loan may not, as provided in par. (c), be secured by the residence in foreclosure or any other real or personal property.
(c) Take a wage assignment, a lien of any type on real or personal property, or any other security to secure the payment of compensation. Any security taken to secure the payment of compensation is void and unenforceable.
(d) Receive any consideration from any 3rd party in connection with services rendered to a foreclosed homeowner unless the consideration is first fully disclosed to the foreclosed homeowner.
(e) Acquire any interest, directly or indirectly or by means of a subsidiary or affiliate, in a residence in foreclosure from a foreclosed homeowner with whom the foreclosure consultant has contracted.
(f) Except as otherwise provided by law, take any power of attorney from a foreclosed homeowner for any purpose.
(g) Induce or attempt to induce any foreclosed homeowner to enter into a contract that does not comply in all respects with subs. (2) and (3).
(h) Fail to give a receipt to a foreclosed homeowner if the foreclosed homeowner personally delivers timely written notice of cancellation of a contract under sub. (2) (b).
(5) Waiver not allowed. Any waiver by a foreclosed homeowner of this section or of a foreclosed homeowner's rights under this section is void and unenforceable as contrary to public policy. Any attempt by a foreclosure consultant to induce a foreclosed homeowner to waive the foreclosed homeowner's rights is a violation of this section.
(6) Penalties and remedies. (a) The department of agriculture, trade and consumer protection may investigate violations of this section under ss. 93.14 and 93.15.
(b) Any person suffering a pecuniary loss because of a violation of this section may commence an action against the violator. If the court determines that the person suffered a pecuniary loss because of the violation, the court shall award the person twice the amount of the pecuniary loss or $200, whichever is greater, for each violation, together with costs and, notwithstanding s. 814.04 (1), reasonable attorney fees.
(c) The department of agriculture, trade and consumer protection may commence an action to restrain a violation of this section. In addition to providing any equitable relief, the court may award any person who suffered a pecuniary loss because of the violation twice the amount of the pecuniary loss or $200, whichever is greater, for each violation.
(d) The department of agriculture, trade and consumer protection or the district attorney may commence an action to recover a forfeiture of not less than $100 nor more than $10,000 for a violation of this section.
(e) Whoever violates this section may be fined not less than $25 nor more than $10,000 or imprisoned for not more than one year in the county jail, or both.
(7) Contract provision for arbitration voidable. Any provision in a contract entered into on or after the effective date of this subsection .... [LRB inserts date], that attempts or purports to require arbitration of any dispute arising under this section is voidable at the option of the foreclosed homeowner.
(8) Statutory conflicts related to adjustment service companies. To the extent that any provision of this section is inconsistent with s. 218.02 with respect to a foreclosure consultant that is licensed under s. 218.02 and engages in adjustment service company business related to real estate, the provisions of this section shall supersede any conflicting provision of s. 218.02.
2,853 Section 853. 943.62 (2m) of the statutes is amended to read:
943.62 (2m) This section does not apply to a savings and loan association, credit union, bank, savings bank, or a mortgage banker, mortgage loan originator, or mortgage broker registered licensed under s. 224.72 or 224.725.
2,9110 Section 9110. Nonstatutory provisions; Commerce.
(1) Tenant resource center grant. In fiscal year 2008-09, the department of commerce shall award to the Tenant Resource Center in Madison from the appropriation under section 20.143 (2) (b) of the statutes, as affected by this act, a grant not to exceed $200,000, for providing foreclosure education and assistance to tenants throughout the state.
(2) Wisconsin regional training partnership/building industry group skilled trades employment program. In fiscal year 2008-09, from the appropriation account under section 20.143 (1) (c) of the statutes, as affected by this act, the department of commerce shall award $1,000,000 in grant moneys to expand the Wisconsin Regional Training Partnership/Building Industry Group Skilled Trades Employment Program if, as a condition of receiving the award, the Wisconsin Regional Training Partnership/Building Industry Group Skilled Trades Employment Program enters into a contract with the department that specifies permissible uses of the grant moneys and that requires the Wisconsin Regional Training Partnership/Building Industry Group Skilled Trades Employment Program to comply with the reporting and accountability measures established by the department by rule under section 560.01 (2) (ae) 3., 6., and 7. of the statutes.
(3) Grants to organizations in specific building trades for green job training and retraining.
(a) Grants. Subject to paragraph (b), in fiscal year 2008-09, from the appropriation account under section 20.143 (1) (c) of the statutes, as affected by this act, the department of commerce shall distribute all of the following grants:
1. Painters and Allied Trades, District Council 7; Leadership in Energy and Efficiency Design certification. A grant of $150,000 to Painters and Allied Trades, District Council 7, to train workers in the construction industry on the Leadership in Energy and Efficiency Design certification process so that the workers will understand green building practices, principles, and certification requirements and be qualified to bid on green building projects.
2. Painters and Allied Trades, District Council 7; National Association of Corrosion Engineers, International, and the Society for Protective Coatings certification. A grant of $175,000 to Painters and Allied Trades, District Council 7, to certify individuals to provide instruction to workers in the construction industry on standards established by the National Association of Corrosion Engineers, International, and by the Society for Protective Coatings so that workers are trained for remediation services such as lead paint abatement on bridges and overpasses.
3. Wisconsin State Council of Carpenters; alternative energy systems installation. A grant of $175,000 to the Wisconsin State Council of Carpenters to train carpenters in the installation of windmills and other alternative energy systems.
4. Wisconsin State Council of Carpenters; sustainable green building practices. A grant of $72,000 to the Wisconsin State Council of Carpenters to train carpenters in sustainable green building practices.
5. Wisconsin Pipe Trades Association, Local 75; mobile worker training facility. A grant of $248,000 to the Wisconsin Pipe Trades Association, Local 75, to build, using green building practices, a mobile training facility to be used in connection with training programs for workers in the pipe trades. Training programs shall be provided across the state and on new building codes, environmentally sound construction practices, and new initiatives for green construction.
6. Wisconsin Laborers' District Council. A grant of $265,000 to the Wisconsin Laborers' District Council. The grant moneys awarded under this subdivision shall be used as follows:
a. A grant of $132,000 to provide safety instruction under guidelines established by the occupational safety and health administration in the federal department of labor to new workers hired to meet labor demand for incoming federal stimulus or other projects.
b. A grant of $80,000 to provide training to workers on proper handling of hazardous wastes while conducting site reclamation on brownfields.
c. A grant of $53,000 to provide training on proper methods for removing asbestos to workers hired to meet labor demands for incoming federal stimulus or other projects.
7. Wisconsin Operating Engineers; geothermal energy and wind energy technologies. A grant of $275,000 to the Wisconsin Operating Engineers to train workers in the construction of geothermal energy and wind energy systems.
8. International Brotherhood of Electrical Workers; solar electricity installation. A grant of $210,000 to the International Brotherhood of Electrical Workers to purchase equipment for three laboratories to be established in the state for training workers in the installation of solar electricity systems.
9. International Brotherhood of Electrical Workers; solar electricity installation. A grant of $60,000 to the International Brotherhood of Electrical Workers for instructor training and start-up costs in connection with the laboratories described in subdivision 8 .
(b) Conditions for receiving a grant. The department of commerce may not award a grant to an organization under this subsection unless the organization, as a condition of receiving the grant moneys, enters into a contract with the department that specifies permissible uses of the grant moneys and that requires the organization to comply with the reporting and accountability measures established by the department by rule under section 560.01 (2) (ae) 3., 6., and 7. of the statutes.
(4) Development zone tax benefit consolidation; emergency rules. The department of commerce may use the procedure under section 227.24 of the statutes to promulgate rules under section 560.706 (2) of the statutes, as created by this act. Notwithstanding section 227.24 (1) (c) and (2) of the statutes, emergency rules promulgated under this subsection remain in effect until July 1, 2010, or the date on which permanent rules take effect, whichever is sooner. Notwithstanding section 227.24 (1) (a) and (3) of the statutes, the department is not required to provide evidence that promulgating a rule under this subsection as an emergency rule is necessary for the preservation of the public peace, health, safety, or welfare and is not required to provide a finding of emergency for a rule promulgated under this subsection.
(5) Development zone tax benefit consolidation; economic impact report. Notwithstanding sections 227.137 (2) and 227.138 (2) of the statutes, if the secretary of administration requires the department of commerce to prepare an economic impact report for the rules required under section 560.706 (2) of the statutes, as created by this act, the department may submit the proposed rules to the legislature for review under section 227.19 (2) of the statutes before the department completes the economic impact report and before the department receives a copy of the report and approval under section 227.138 (2) of the statutes.
2,9117 Section 9117. Nonstatutory provisions; Financial Institutions.
(1) Mortgage loan originators, mortgage brokers, and mortgage bankers.
(a) In this subsection, "division" means the division of banking in the department of financial institutions.
(b) Notwithstanding any other provision of subchapter III of chapter 224 of the statutes, as affected by this act, the division shall, by rule, institute any system of initial license issuance or license renewal that it deems advisable for the purpose of implementing an orderly and efficient transition from the registration system under subchapter III of chapter 224, 2007 stats., to the license system under subchapter III of chapter 224 of the statutes, as affected by this act. A transition system adopted under this paragraph may include the requirement that registrants under section 224.72, 2007 stats., apply for a license under section 224.72 of the statutes, as affected by this act, or under section 224.725 of the statutes, as created by this act, and pay any applicable fees, before the scheduled expiration of the registration period under section 224.72, 2007 stats. A transition system adopted under this paragraph may also provide for the initial issuance of licenses under section 224.72 of the statutes, as affected by this act, and under section 224.725 of the statutes, as created by this act, that are valid for an initial period that is greater or less than the ordinary valid period of such licenses. If a transition system adopted under this paragraph results in a shorter registration or license period than that which would ordinarily be applicable, the division shall prorate or rebate fees corresponding to the unused or unexpired portion of the ordinarily applicable registration or license period. For previously registered or licensed individuals the division may establish under the transition system expedited review and licensing procedures.
(c) The division shall submit in proposed form the rules required under paragraph (b ) to the legislative council staff under section 227.15 (1) of the statutes no later than 60 days after the effective date of this paragraph.
(d) Using the emergency rules procedure under section 227.24 of the statutes, the division shall promulgate the rules required under paragraph (b ) for the period before the effective date of the rules submitted under paragraph (c). The division shall promulgate these emergency rules no later than 60 days after the effective date of this paragraph. Notwithstanding section 227.24 (1) (c) and (2) of the statutes, these emergency rules may remain in effect until July 1, 2011, or the date on which permanent rules take effect, whichever is sooner. Notwithstanding section 227.24 (1) (a) and (3) of the statutes, the division is not required to provide evidence that promulgating a rule under this paragraph as an emergency rule is necessary for the preservation of the public peace, health, safety, or welfare and is not required to provide a finding of emergency for a rule promulgated under this paragraph.
2,9122 Section 9122. Nonstatutory provisions; Health Services.
(1) Hospital Assessment.
(a) Assessment payment deadlines. Notwithstanding section 50.38 (4) of the statutes, as created by this act, hospitals shall pay the assessment for state fiscal year 2008-09 that is required under section 50.38 (2) of the statutes, as created by this act, in 2 equal amounts. Hospitals shall make the first payment by March 31, 2009, or 10 days after the effective date of this paragraph, whichever is later. Hospitals shall make the 2nd payment by June 30, 2009. At the discretion of the department of health services, a hospital that is unable timely to make a payment by a date specified under this paragraph may be allowed to make a delayed payment. A determination by the department that a hospital may not make a delayed payment under this paragraph is final and is not subject to review under chapter 227 of the statutes.
(b) Medical Assistance fee-for-service schedule used as basis for managed care reimbursement. The department of health services shall present the inpatient and outpatient hospital diagnosis related groupings rate schedule established by the department for state fiscal year 2007-08 to health maintenance organizations and hospitals as the applicable schedule for reimbursement rates under agreements between health maintenance organizations and hospitals that reference the fee-for-service schedule to establish the rates that health maintenance organizations shall reimburse hospitals for services provided to recipients of the Medical Assistance Program under subchapter IV of chapter 49 of the statutes in state fiscal year 2008-09.
(c) Reconciliation of 2008-09 expenses.
1. Notwithstanding the deadline under section 50.38 (6) (b) of the statutes, as created by this act, for state fiscal year 2008-09, the department shall make the refunds required under section 50.38 (6) (b), by December 31, 2009.
2. Notwithstanding section 20.001 (3) (a) of the statutes, the unencumbered balance in the appropriation under section 20.435 (4) (xc) of the statutes does not revert to the hospital assessment fund at the end of state fiscal year 2008-09; and the department of health services may expend in state fiscal year 2009-10 this amount in addition to the amounts in the schedule under section 20.005 (3) of the statutes for the appropriation under section 20.435 (4) (xc) of the statutes for state fiscal year 2009-10.
(d) Independent rural hospital supplement. In state fiscal year 2008-09, from the appropriation account under section 20.435 (4) (b) and (o) of the statutes, the department of health services shall pay independent, rural, hospitals that are in counties that border another state and that are not critical access hospitals one of the following amounts:
1. If the percentage of the hospital's gross patient revenue that is attributable to the Medical Assistance Program under subchapter IV of chapter 49 of the statutes is less than 7 percent, $250,000.
2. If the percentage of the hospital's gross patient revenue that is attributable to the Medical Assistance Program under subchapter IV of chapter 49 of the statutes is equal to or greater than 7 percent, $500,000.
(e) Budgeting practices. This act does not affect any requirements under section 16.46 of the statutes. The departments of administration and health services shall review, reestimate, and request general purpose revenue for hospital payments under the Medical Assistance Program under subchapter IV of chapter 49 of the statutes as needed.
2,9131 Section 9131. Nonstatutory provisions; Legislature.
(1) Legislative oversight of federal economic stimulus funds.
(a) Definition. In this subsection, "federal economic stimulus funds" means federal moneys received by the state beginning on the effective date of this subsection and ending on June 30, 2011, pursuant to federal legislation enacted during the 111th Congress for the purpose of reviving the economy of the United States.
(b) Expenditure of federal economic stimulus funds for purposes other than transportation. As soon as practical after the receipt of any federal economic stimulus funds, the governor shall submit to the joint committee on finance a plan or plans for the expenditure of the federal economic stimulus funds for all purposes, other than transportation purposes. After receiving the plan or plans, the cochairpersons of the joint committee on finance shall convene a meeting of the joint committee on finance within 14 days after the plan or plans are submitted to either approve or modify and approve the plan or plans. The governor shall then implement the plan or plans as approved by the committee. This paragraph shall not apply to federal economic stimulus funds the expenditure of which is contained in any bill introduced in either house of the legislature at the request of the governor.
(c) Expenditure of federal economic stimulus funds for transportation purposes. As soon as practical after the receipt of any federal economic stimulus funds, the governor shall submit to the joint committee on finance a plan or plans for the expenditure of the federal economic stimulus funds for transportation purposes. After receiving the plan or plans, the cochairpersons of the joint committee on finance shall convene a meeting of the joint committee on finance within 14 days after the plan or plans are submitted to either approve or modify and approve the plan or plans. The governor shall then implement the plan or plans as approved by the committee. This paragraph shall not apply to federal economic stimulus funds the expenditure of which is contained in any bill introduced in either house of the legislature at the request of the governor, including federal economic stimulus funds specified in Section 9150 (1 ) (b) 1 .
(cL) Distribution of materials. All materials prepared for the joint committee on finance by the department of administration and the legislative fiscal bureau relating to the expenditure of federal economic stimulus funds under a plan or plans submitted by the governor shall be provided to members of the joint committee on finance and posted on the legislative fiscal bureau Web site at least 48 hours before the commencement of a meeting of the joint committee on finance under this subsection.
(d) Revised plan. If for any reason a project specified in a plan under paragraph (b) or (c) cannot be completed on a timely basis, or if federal economic stimulus funds cannot be expended as proposed in the plan, the governor shall submit a revised plan to the cochairpersons of the joint committee on finance. The revised plan may only be implemented if approved by the joint committee on finance using the procedure under paragraph (b ) or (c), whichever is applicable.
(e) State building program enumeration. If any state building, structure, or facility is proposed to be designed or constructed, if any existing state building, structure, or facility is proposed to be repaired, remodeled, or improved, or if land is proposed to be acquired by the state for any such construction, repair, remodeling, or improvement, and the design, construction, repair, remodeling, improvement, or acquisition is proposed to be financed entirely with federal economic stimulus funds, the project, if approved as part of a plan under paragraph (b), is not subject to enumeration as required by section 20.924 of the statutes.
(2) Required general fund structural balance. Section 20.003 (4) (fv) and (4m) of the statutes shall not apply to the 2008-09 fiscal year.
2,9150 Section 9150. Nonstatutory provisions; Transportation.
(1) Projects advanced by certain federal economic stimulus funds.
(a) Definition. In this subsection, "federal economic stimulus funds" means federal moneys received by the state beginning on the effective date of this paragraph and ending on June 30, 2011, pursuant to federal legislation enacted during the 111th Congress for the purpose of reviving the economy of the United States, which moneys are intended to be used for transportation purposes.
(b) Projects advanced by federal economic stimulus funds.
1. Except as provided in subdivision 2 ., the department of transportation may encumber or expend the first $300,000,000 of federal economic stimulus funds only for one or more of the projects identified in paragraph (c).
2. If the department encumbered state funds or federal funds other than federal economic stimulus funds for any project identified in paragraph (c ) before receiving the first $300,000,000 of federal economic stimulus funds, the department may substitute a different project for that project in the list under paragraph (c ).
(c) List of projects. The department of transportation may encumber or expend the first $300,000,000 of federal economic stimulus funds for the following projects:
1. The Sun Prairie bypass project on USH 151 in Dane County.
2. The Madison-Milwaukee Road project on I 94 in Dane County.
3. The Madison-Janesville Road project on I 39 in Dane County.
4. The Madison-Janesville Road project on I 90 in Dane County.
5. The Maple Street village of Palmyra project on STH 59 in Jefferson County.
6. The Whitewater-Palmyra Road project on STH 59 in Jefferson County.
7. The LaCrosse-West Salem/Monegan project on STH 16 in La Crosse County.
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