(b) Matters that relate to prelease agreements under s. 218.0144 and consumer leases under chs. 421 to 427 and 429. (c)The issuance of licenses to sales finance companies.
Section 218.0152 (3), Stats., authorizes the department to promulgate rules necessary for the effective administration and enforcement of permits it issues. (3) The licensor may promulgate such rules as it considers necessary or proper for the effective administration and enforcement of ss. 218.0101 to 218.0163, but no licensee shall be subject to examination or audit by the licensor except as provided in s. 218.0116 (5). 5. Estimate of amount of time that state employees will spend developing the rule and of other resources necessary to develop the rule
80 hours.
6. List with description of all entities that may be affected by the proposed rule:
This rule will affect all Wisconsin motor vehicle auctions, motor vehicle salvage pool auction, motor vehicle dealers, motor vehicle wholesalers, motorcycle dealers, recreational vehicle dealers, and salvage dealers who attend auctions in this state. The rule will also affect any out-of- state motor vehicle dealers, wholesalers, and salvage dealers who attend auctions in this state.
7. Summary and preliminary comparison with any existing or proposed federal regulation that is intended to address the activities to be regulated by the proposed rule:
There are no known existing or proposed federal regulations meant to address concerns related to purchases of motor vehicles at auction.
8. Anticipated economic impact of implementing the rule (note if the rule is likely to have a significant economic impact on small businesses):
Licensed motor vehicle dealer’s representatives and applicants for motor vehicle buyers’ licenses will likely experience a delay in their ability to participate in auctions. This may lead to a short- term impact of several weeks on licensed dealer’s vehicle inventory and sales. The department does not anticipate significant economic impact to motor vehicle auctions. The department anticipates a positive economic impact to consumers by reducing the incidences of illegal motor vehicle sales.
Contact Person:
Mark Rather
Section Chief – Dealer & Agent Unit
Wisconsin DOT - DMV - Bureau of Vehicle Services 4822 Madison Yards Way, 3rd Floor South
Madison, WI 53705-7986
Office: (608) 264-7000
