LRBa3817/1
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1995 - 1996 LEGISLATURE
ASSEMBLY AMENDMENT 1,
To 1995 ASSEMBLY BILL 872
February 28, 1996 - Offered by
Committee on Financial Institutions.
AB872-AA1,1,3
21. Page 1, line 12: delete "banking law" and substitute "law governing banks,
3credit unions, savings banks and savings and loan associations".
AB872-AA1, s. 9d
7Section 9d. 186.117 of the statutes, as affected by 1995 Wisconsin Act ....
8(Assembly Bill 569), is repealed.
AB872-AA1, s. 9f
9Section 9f. 186.118 of the statutes, as affected by 1995 Wisconsin Act ....
10(Assembly Bill 569), is repealed.
AB872-AA1, s. 9h
11Section 9h. 186.52 of the statutes is renumbered 186.52 (1) and amended to
12read:
AB872-AA1,2,213
186.52
(1) If Except as provided in sub. (2), if requested by an individual who
14is a customer, loan applicant or credit applicant, a financial institution, as defined
15in s. 705.01 (3), shall provide that individual with a copy of any written appraisal
16report which is held by the financial institution, which relates to residential real
1estate that the individual owns or has agreed to purchase and for which a fee is
2imposed.
AB872-AA1,2,54
186.52
(2) Subsection (1) does not apply to a financial institution that complies
5with
12 CFR 202.5a.
AB872-AA1,2,19
7186.70 Record search. A credit union is entitled to reimbursement for
8expenses and costs incurred in searching for, reproducing and transporting books,
9papers, records and other data required to be produced by legal process, unless
10otherwise prohibited by law from collecting these expenses and costs. The expenses
11and costs shall be paid by persons seeking such production, including government
12units as defined in s. 108.02 (17). A credit union may not be required to produce
13books, papers, records and other data in response to legal process unless the
14expenses and costs, identified in an itemized invoice to be provided by the credit
15union, are paid or unless payment is tendered to the credit union in cash or by
16certified check or draft. This section does not require the office of credit unions to
17reimburse credit unions for expenses and costs incurred in the exercise by the office
18of statutory authority to examine credit unions and enforce the credit union laws of
19this state.
AB872-AA1,3,2
21214.508 Customer access to appraisals.
(1) Except as provided in sub. (2),
22if requested by an individual who is a customer, loan applicant or credit applicant,
23a financial institution, as defined in s. 705.01 (3), shall provide that individual with
24a copy of any written appraisal report which is held by the financial institution,
1which relates to residential real estate that the individual owns or has agreed to
2purchase and for which a fee is imposed.
AB872-AA1,3,4
3(2) Subsection (1) does not apply to a financial institution that complies with
412 CFR 202.5a.
AB872-AA1,3,18
6214.509 Record search. A savings bank is entitled to reimbursement for
7expenses and costs incurred in searching for, reproducing and transporting books,
8papers, records and other data required to be produced by legal process, unless
9otherwise prohibited by law from collecting these expenses and costs. The expenses
10and costs shall be paid by persons seeking such production, including government
11units as defined in s. 108.02 (17). A savings bank may not be required to produce
12books, papers, records and other data in response to legal process unless the
13expenses and costs, identified in an itemized invoice to be provided by the savings
14bank, are paid or unless payment is tendered to the savings bank in cash or by
15certified check or draft. This section does not require the division to reimburse
16savings banks for expenses and costs incurred in the exercise by the division of
17statutory authority to examine savings banks and enforce the savings bank laws of
18this state.
AB872-AA1,4,175
215.26
(4m) Record search. An association is entitled to reimbursement for
6expenses and costs incurred in searching for, reproducing and transporting books,
7papers, records and other data required to be produced by legal process, unless
8otherwise prohibited by law from collecting these expenses and costs. The expenses
9and costs shall be paid by persons seeking such production, including government
10units as defined in s. 108.02 (17). An association may not be required to produce
11books, papers, records and other data in response to legal process unless the
12expenses and costs, identified in an itemized invoice to be provided by the
13association, are paid or unless payment is tendered to the association in cash or by
14certified check or draft. This section does not require the division to reimburse
15associations for expenses and costs incurred in the exercise by the division of
16statutory authority to examine associations and enforce the laws of this state
17governing associations.
AB872-AA1, s. 11t
18Section 11t. 215.26 (8) (a) 2. of the statutes is renumbered 215.26 (8) (a) 2. a.
19and amended to read:
AB872-AA1,4,2520
215.26
(8) (a) 2. a.
If Except as provided in subd. 2. b., if requested by an
21individual who is a customer, loan applicant or credit applicant, a financial
22institution, as defined in s. 705.01 (3), shall provide that individual with a copy of any
23written appraisal report which is held by the financial institution, which relates to
24residential real estate that the individual owns or has agreed to purchase and for
25which a fee is imposed.
AB872-AA1, s. 11x
1Section 11x. 215.26 (8) (a) 2. b. of the statutes is created to read:
AB872-AA1,5,32
215.26
(8) (a) 2. b. Subdivision 2. a. does not apply to a financial institution that
3complies with
12 CFR 202.5a.".
