SB99,16,42
49.857
(1) (d) 12. A license or certificate of registration issued under
s. ss. 3138.09, 138.12, 217.06,
218.01 218.0101 to 218.0163, 218.02, 218.04, 218.05 or
4224.72 or subch. III of ch. 551.
SB99, s. 2
5Section
2. 49.857 (1) (d) 15. of the statutes is amended to read:
SB99,16,86
49.857
(1) (d) 15. A license, permit or registration issued under
s. 218.01 ss.
7218.0101 to 218.0163, 218.11, 218.12, 218.22, 218.32, 218.41, 218.51, 341.51, 343.305
8(6), 343.61 or 343.62.
SB99, s. 3
9Section
3. 73.03 (37) of the statutes is amended to read:
SB99,16,1110
73.03
(37) To make refunds in connection with motor vehicles returned to the
11manufacturers by a consumer, as provided under s.
218.015 218.0171 (2) (e) and (f).
SB99, s. 4
12Section
4. 73.0301 (1) (d) 6. of the statutes is amended to read:
SB99,17,213
73.0301
(1) (d) 6. A license or certificate of registration issued by the
14department of financial institutions, or a division of it, under
s. ss. 138.09, 138.12,
1217.06,
218.01 218.0101 to 218.0163, 218.02, 218.04, 218.05 or 224.72 or under
2subch. III of ch. 551.
SB99, s. 5
3Section
5. 73.0301 (1) (d) 7. of the statutes is amended to read:
SB99,17,84
73.0301
(1) (d) 7. A license described in s.
218.01 (2) (d) 1. and 8. 218.0114 (14)
5(a) and (g), a license described in s.
218.01 (2) (d) 2., 3. or 5. 218.0114 (14) (b), (c) or
6(e), a license issued under s. 218.11, 218.12, 218.22, 218.32, 218.41, 343.61 or 343.62,
7a buyer identification card issued under s. 218.51 or a certificate of registration
8issued under s. 341.51.
SB99, s. 6
9Section
6. 77.53 (1m) (intro.) of the statutes is amended to read:
SB99,17,1310
77.53
(1m) (intro.) For motor vehicles that are used for a purpose in addition
11to retention, demonstration or display while held for sale in the regular course of
12business by a dealer who is licensed under
s. 218.01
ss. 218.0101 to 218.0163, the
13base for the tax imposed under sub. (1) is the following:
SB99, s. 7
14Section
7. 100.45 (1) (ag) of the statutes is amended to read:
SB99,17,1615
100.45
(1) (ag) "Distributor" has the meaning given in s.
218.01 (1) (e) 218.0101
16(6).
SB99, s. 8
17Section
8. 100.45 (1) (ar) of the statutes is amended to read:
SB99,17,2218
100.45
(1) (ar) "Manufacturer" has the meaning given in s.
218.01 (1) (L) 19218.0101 (20), except that, if more than one person satisfies the definition in s.
218.01
20(1) (L) 218.0101 (20) with respect to a motor vehicle, "manufacturer" means the
21person who installs the mobile air conditioner that is in the motor vehicle when the
22motor vehicle is distributed for sale in this state.
SB99, s. 9
23Section
9. 135.07 (1) of the statutes is amended to read:
SB99,18,3
1135.07
(1) To a dealership to which a motor vehicle dealer or motor vehicle
2distributor or wholesaler as defined in s.
218.01 (1)
218.0101 is a party in such
3capacity.
SB99, s. 10
4Section
10. 138.04 of the statutes is amended to read:
SB99,18,10
5138.04 Legal rate. The rate of interest upon the loan or forbearance of any
6money, goods or things in action shall be $5 upon the $100 for one year and according
7to that rate for a greater or less sum or for a longer or a shorter time; but parties may
8contract for the payment and receipt of a rate of interest not exceeding the rate
9allowed in ss. 138.041 to 138.056, 138.09 to 138.12,
218.01 218.0101 to 218.0163, or
10422.201, in which case such rate shall be clearly expressed in writing.
SB99, s. 11
11Section
11. 138.051 (8) of the statutes is amended to read:
SB99,18,1312
138.051
(8) The contract rate is not subject to rate limitations imposed under
13this chapter or
s. 218.01 ss. 218.0101 to 218.0163 or
under s. 422.201.
SB99, s. 12
14Section
12. 138.052 (11) of the statutes is amended to read:
SB99,18,1615
138.052
(11) The contract rate is not subject to rate limitations imposed under
16this chapter or
s. 218.01 ss. 218.0101 to 218.0163 or
under s. 422.201.
SB99, s. 13
17Section
13. 138.09 (3) (e) 1. c. of the statutes is amended to read:
SB99,18,1918
138.09
(3) (e) 1. c. A loan, finance or discount business under
s. 218.01 ss.
19218.0101 to 218.0163.
SB99, s. 14
20Section
14. 218.01 (title) of the statutes is repealed.
Note: The title of s. 218.01 is repealed to reflect the division of s. 218.01 into a
number of different sections.
SB99, s. 15
21Section
15. 218.01 (1) (intro.) of the statutes is renumbered 218.0101 (intro.)
22and amended to read:
SB99,19,3
1218.0101 Definitions. (intro.) In
this section ss. 218.0101 to 218.0163, unless
2the context
requires otherwise
requires, the following words and terms shall have
3the following meanings:
SB99, s. 16
4Section
16. 218.01 (1) (a) of the statutes is renumbered 218.0101 (1).
SB99, s. 17
5Section
17. 218.01 (1) (b) of the statutes is renumbered 218.0101 (3) and
6amended to read:
SB99,19,97
218.0101
(3) "Cash price" means the retail seller's price in dollars for the sale
8of
the goods, and the transfer of unqualified title
thereto to those goods, upon
9payment of
such the retail seller's price in cash or
the a cash equivalent
thereof.
SB99, s. 18
10Section
18. 218.01 (1) (ct) of the statutes is renumbered 218.0101 (4).
SB99, s. 19
11Section
19. 218.01 (1) (df) of the statutes is renumbered 218.0101 (5).
SB99, s. 20
12Section
20. 218.01 (1) (e) of the statutes is renumbered 218.0101 (6).
SB99, s. 21
13Section
21. 218.01 (1) (f) of the statutes is renumbered 218.0101 (7).
SB99, s. 22
14Section
22. 218.01 (1) (g) of the statutes is renumbered 218.0101 (8).
SB99, s. 23
15Section
23. 218.01 (1) (gm) of the statutes is renumbered 218.0101 (9).
SB99, s. 24
16Section
24. 218.01 (1) (h) of the statutes is renumbered 218.0101 (10).
SB99, s. 25
17Section
25. 218.01 (1) (i) of the statutes is renumbered 218.0101 (11).
SB99, s. 26
18Section
26. 218.01 (1) (j) of the statutes is renumbered 218.0101 (12).
SB99, s. 27
19Section
27. 218.01 (1) (je) of the statutes is renumbered 218.0101 (13).
SB99, s. 28
20Section
28. 218.01 (1) (jf) of the statutes is renumbered 218.0101 (13m).
SB99, s. 29
21Section
29. 218.01 (1) (jg) of the statutes is renumbered 218.0101 (14).
SB99, s. 30
22Section
30. 218.01 (1) (ji) of the statutes is renumbered 218.0101 (15).
SB99, s. 31
23Section
31. 218.01 (1) (jj) of the statutes is renumbered 218.0101 (16).
SB99, s. 32
24Section
32. 218.01 (1) (jk) of the statutes is renumbered 218.0101 (17).
SB99, s. 33
1Section
33. 218.01 (1) (jm) of the statutes is renumbered 218.0101 (18) and
2amended to read:
SB99,20,63
218.0101
(18) "License period" means the period during which a particular
4type of license described in
sub. (2) (d) s. 218.0114 (14) is effective, as established by
5the department of transportation or division of banking under
sub. (2) (cm) 2. or 4. 6s. 218.0114 (13) (b) or (d).
SB99, s. 34
7Section
34. 218.01 (1) (k) of the statutes is renumbered 218.0101 (19) and
8amended to read:
SB99,20,119
218.0101
(19) "Licensor" means the body, either the division of banking or the
10department of transportation or both, issuing a license
hereunder under ss. 218.0101
11to 218.0163.
SB99, s. 35
12Section
35. 218.01 (1) (L) of the statutes is renumbered 218.0101 (20) (intro.)
13and amended to read:
SB99,20,1514
218.0101
(20) (intro.) "Manufacturer" means any person, resident or
15nonresident
, who
manufactures does any of the following:
SB99,20,16
16(a) Manufactures or assembles motor vehicles
or who manufactures.
SB99,20,20
17(b) Manufactures or installs on previously assembled truck chassis, special
18bodies or equipment which when installed form an integral part of the motor vehicle
19and which constitutes a major manufacturing alteration and which completed unit
20is owned by
such the manufacturer.
SB99, s. 36
21Section
36. 218.01 (1) (Lm) of the statutes is renumbered 218.0101 (21).
SB99, s. 37
22Section
37. 218.01 (1) (m) of the statutes is renumbered 218.0101 (22).
SB99, s. 38
23Section
38. 218.01 (1) (n) of the statutes is renumbered 218.0101 (23) (a), and
24218.0101 (23) (a) (intro.) and 2., as renumbered, are amended to read:
SB99,21,2
1218.0101
(23) (a) (intro.) "Motor vehicle dealer" means any person, firm or
2corporation, not excluded by par.
(o) (b) who:
SB99,21,53
2.
Is engaged wholly or in part in the business of selling or leasing motor
4vehicles, including motorcycles, whether or not
such
the motor vehicles are owned
5by
such that person, firm or corporation.
SB99, s. 39
6Section
39. 218.01 (1) (o) of the statutes is renumbered 218.0101 (23) (b), and
7218.0101 (23) (b) 1. to 4., as renumbered, are amended to read:
SB99,21,98
218.0101
(23) (b) 1. Receivers, trustees, administrators, executors, guardians
9or other persons appointed by or acting under the judgment or order of any court
; or.
SB99,21,1010
2. Public officers while performing their official duties
; or.
SB99,21,1311
3. Employes of persons, corporations or associations enumerated in subds. 1.
12and 2., when engaged in the specific performance of their duties as
such employes
13of the enumerated persons, corporations or associations.
SB99,21,1714
4. Sales finance companies or other loan agencies who sell or offer for sale motor
15vehicles repossessed or foreclosed
on by
them those sales finance companies or other
16loan agencies under terms of an instalment contract, or motor vehicles taken in trade
17on such repossessions.
SB99, s. 40
18Section
40. 218.01 (1) (p) of the statutes is renumbered 218.0101 (24) and
19amended to read:
SB99,21,2520
218.0101
(24) "Motor vehicle salesperson" means sales representative, sales
21manager, general manager or other person who is employed by a motor vehicle dealer
22for the purpose of selling or approving retail sales, or leasing or approving consumer
23leases, of motor vehicles. Any motor vehicle salesperson licensed
hereunder under
24ss. 218.0101 to 218.0163 shall be licensed to sell or lease
only for
only one dealer at
25a time.
SB99, s. 41
1Section
41. 218.01 (1) (pt) of the statutes is renumbered 218.0101 (25).
SB99, s. 42
2Section
42. 218.01 (1) (q) of the statutes is renumbered 218.0101 (26).
SB99, s. 43
3Section
43. 218.01 (1) (qm) of the statutes is renumbered 218.0101 (27).
SB99, s. 44
4Section
44. 218.01 (1) (qr) of the statutes is renumbered 218.0101 (28).
SB99, s. 45
5Section
45. 218.01 (1) (qt) of the statutes is renumbered 218.0101 (29).
SB99, s. 46
6Section
46. 218.01 (1) (r) of the statutes is renumbered 218.0101 (30).
SB99, s. 47
7Section
47. 218.01 (1) (s) of the statutes is renumbered 218.0101 (31).
SB99, s. 48
8Section
48. 218.01 (1) (t) of the statutes is renumbered 218.0101 (32) and
9amended to read:
SB99,22,1510
218.0101
(32) "Retail instalment contract" or "instalment contract" means and
11includes every contract to sell one or more motor vehicles at retail, in which the price
12thereof of the motor vehicle is payable in one or more instalments over a period of
13time and in which the seller has either retained title to the goods or has taken or
14retained a security interest in the goods under a form of contract designated either
15as a conditional sale, chattel mortgage or otherwise.
SB99, s. 49
16Section
49. 218.01 (1) (u) of the statutes is renumbered 218.0101 (33) and
17amended to read:
SB99,22,2018
218.0101
(33) "Retail seller" means a person, firm or corporation selling or
19agreeing to sell one or more motor vehicles under a retail instalment contract to a
20buyer for the
latter's buyer's personal use or consumption
thereof.
SB99, s. 50
21Section
50. 218.01 (1) (v) of the statutes is renumbered 218.0101 (34) (a) and
22amended to read:
SB99,23,223
218.0101
(34) (a) "Sales finance company" means
and includes any person, firm
24or corporation engaging in the business, in whole or in part, of acquiring by purchase
1or by loan on the security thereof, or otherwise, retail instalment contracts or
2consumer leases from retail sellers or lessors in this state
, including.
SB99,23,5
3(b) "Sales finance company" includes any motor vehicle dealer who sells or
4leases any motor vehicle on an instalment contract or consumer lease or acquires any
5retail instalment contracts in the dealer's retail sales or leases of motor vehicles.
SB99, s. 51
6Section
51. 218.01 (1) (w) of the statutes is renumbered 218.0101 (35).
SB99, s. 52
7Section
52. 218.01 (1) (x) of the statutes is renumbered 218.0101 (36).
SB99, s. 53
8Section
53. 218.01 (1) (xm) of the statutes is renumbered 218.0101 (37).
SB99, s. 54
9Section
54. 218.01 (1a) (title) of the statutes is renumbered 218.0111 (title).
SB99, s. 55
10Section
55. 218.01 (1a) of the statutes is renumbered 218.0111 (1) (intro.) and
11amended to read:
SB99,23,1612
218.0111
(1) (intro.) The department of transportation shall issue the licenses
13provided for in
sub. (2) (d) 1. to 6. s. 218.0114 (14) (a) to (f) and have supervision over
14the licensees
thereunder in respect to all
of the provisions of
this section ss. 218.0101
15to 218.0163, except
only as to such matters as
that the division of banking shall have
16jurisdiction and control over all of the following:
SB99,23,19
17(a) Matters that relate to the sale of motor vehicles on retail instalment
18contracts and the financing and servicing of
such
those retail instalment contracts
19and as to such matters as.
SB99,23,23
20(b) Matters that relate to prelease agreements under
sub. (6x) s. 218.0144 and
21consumer leases under chs. 421 to 427 and 429
, over which matter the division of
22banking shall have jurisdiction and control, and the division of banking shall issue
23the.