LRB-2474/1
MES:jrd:km
1995 - 1996 LEGISLATURE
March 2, 1995 - Introduced by Representatives Grothman, Brandemuehl, Duff,
Goetsch, Green, Hahn, Hanson, Kaufert, Klusman, Kreuser, Ladwig, F.
Lasee, Lehman, Olsen, Ott, Otte, Owens, Porter, Ryba, Schneiders, Seratti,
Silbaugh, Underheim, Ward, Wirch, R. Young
and Zukowski, cosponsored by
Senators A. Lasee, Andrea, Buettner, Chvala, Darling, Drzewiecki, Panzer,
C. Potter, Schultz
and Wineke. Referred to Committee on Urban and Local
Affairs.
AB175,1,2 1An Act to create 59.57 (1m) of the statutes; relating to: the recording of
2mortgages with a register of deeds.
Analysis by the Legislative Reference Bureau
This bill prohibits any person from recording with a register of deeds a single
instrument that contains more than one mortgage that is assigned, partially
released or satisfied.
For further information see the local fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB175, s. 1 3Section 1. 59.57 (1m) of the statutes is created to read:
AB175,1,54 59.57 (1m) No person may record under this section a single instrument that
5contains more than one mortgage being assigned, partially released or satisfied.
AB175,1,66 (End)
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