AB210,81,75 (b) Mortgages given to secure loans under this section shall provide for
6adequate fire and extended coverage insurance. Policies providing such insurance
7coverage shall name the authorized lender or the department as an insured.
AB210,81,13 8(4) Interest rate determined. (a) The board shall determine the interest rate
9on loans made under this section. Except as provided in sub. (11), the interest rate
10determined may not be increased during the term of the loan. Except as provided
11in sub. (11), the interest rate shall be as low as possible but shall be sufficient to fully
12pay all expenses and to provide reserves that are reasonably expected to be required
13in the judgment of the board in accordance with par. (b) and sub. (7) (a) 3.
AB210,81,1714 (b) 1. The board shall select and implement the methods of insuring against
15losses arising from delinquency and default in the repayment of loans funded under
16sub. (6) (a) and shall select and implement the methods of managing and selling any
17property securing loans funded under sub. (6) (a).
AB210,81,1918 2. The board shall charge or cause to be charged to borrowers all costs necessary
19to insure against losses under subd. 1.
AB210,81,2120 3. Moneys collected under subd. 2. and that are held by the state shall be
21deposited, reserved, and expended as provided in sub. (7) (a) 3.
AB210,81,2422 (c) Loans made pursuant to this section shall not be subject to s. 138.05,
23138.051, or 138.052, except that a loan originated under this section after May 3,
241996, is subject to s. 138.052 (5).
AB210,82,2
1(5) Administrative provisions. (a) The department may do any of the
2following:
AB210,82,153 1. Enter into contracts with authorized lenders throughout this state
4authorizing such lenders to process applications and close and service loans made
5under this section. The contracts shall include the responsibilities of the authorized
6lender with respect to credit evaluations, financial eligibility determinations,
7valuation of the home for which the loan is to be made, collection procedures in the
8event of delinquent loan repayments, and other functions that the department may
9require. The contracts shall authorize the lender to retain an amount from the
10monthly payments for servicing loans made under this section. The rate of the
11service fee shall not exceed a maximum rate established by the department with the
12lender in accordance with current practices under similar programs, and shall be
13stated in the contracts. The department shall specify in the contracts a maximum
14length of time between receipt of monthly mortgage payments by the lender and
15transmittal of such payments to the state or the authority.
AB210,82,1816 2. Commit to advance and advance funds in the full amount of any mortgage
17securing a purchase loan to be made by an authorized lender in accordance with the
18terms under this section.
AB210,82,2219 3. Commit to advance and advance in installments up to the full amount of any
20mortgage securing a construction loan made by an authorized lender, to provide for
21the purchase and improvement of a lot and the completion of the construction for
22which the loan is to be made, under the terms of this section.
AB210,82,2523 4. Mail checks, share drafts, or other drafts, or otherwise transfer or arrange
24for transfer of funds to authorized lenders not sooner than 7 days prior to proposed
25closing or disbursement dates.
AB210,83,13
15. Designate and maintain a current list of lenders authorized to make or
2service loans under this section. The department shall promulgate rules
3establishing standards for and governing the performance of authorized lenders in
4making and servicing loans under this section and shall periodically monitor such
5performance. The department shall promulgate rules to provide for the removal
6from its list of authorized lenders of any lender that makes an excessive number of
7errors on loan applications processed under subd. 1. The department may
8summarily remove from its list of authorized lenders any lender that indicates it does
9not wish to participate in the program and after hearing on notice remove from its
10list of authorized lenders any lender that fails to conform with the rules of the
11department governing that performance, and may refuse to permit a lender so
12removed to make or service any loan under this section until the department is
13satisfied that the lender will conform with its rules.
AB210,83,2514 6. Require borrowers to make monthly escrow payments to be held by the
15authorized lender or the department for real estate taxes and casualty insurance
16premiums. The authorized lender or the department shall pay all of the amounts due
17for real estate taxes and casualty insurance premiums, even if the amount held in
18escrow is insufficient to cover the amounts due. If the amount held in escrow is
19insufficient to cover the amounts due, the authorized lender or the department shall
20recover from the borrower, after paying the amounts due under this subdivision, an
21amount equal to the difference between the amounts paid and the amount held in
22escrow. If the amount held in escrow is more than the amounts due, the authorized
23lender or the department shall refund to the borrower, after paying the amounts due
24under this subdivision, an amount equal to the difference between the amount held
25in escrow and the amounts paid by the authorized lender or the department.
AB210,84,1
17. Obtain guarantees for loans under 38 USC 1801 to 1827.
AB210,84,72 8. Exercise all of the powers vested in it under this subchapter with respect to
3any applications for loans and loans approved under this section and with respect to
4any mortgages and mortgage notes executed to authorized lenders and assigned to
5and purchased by the authority under this section and the properties securing those
6mortgages. The department may exercise or authorize those powers to be exercised
7in its own name.
AB210,84,128 9. With prior approval of the building commission, retire all 1981 veterans
9home loan revenue bonds and transfer any assets remaining in the bond fund after
10retirement into the veterans trust fund. The department may sell the assets
11transferred to the veterans trust fund under this subdivision and deposit the
12proceeds of any sale into the veterans trust fund.
AB210,84,1413 10. Service loans made under this section and purchase from authorized
14lenders the servicing rights for loans made by authorized lenders under this section.
AB210,84,1615 11. Enter into contracts with persons other than authorized lenders for the
16servicing of loans made under this section.
AB210,84,1817 12. Loan money from the veterans trust fund to the veterans mortgage loan
18repayment fund to fund loans under this section.
AB210,85,219 (b) At the time of closing, persons receiving loans under this section shall pay
20an origination fee to the authorized lender participating in the loan, except that the
21department shall pay, on behalf of a veteran who receives a loan under this section
22and who has at least a 30 percent service-connected disability rating for purposes
23of 38 USC 1114 or 1134, the origination fee to the authorized lender. The origination
24fee charged under this paragraph shall be negotiated between the department and
25the authorized lender but may not exceed that which the authorized lender would

1charge other borrowers in the ordinary course of business under the same or similar
2circumstances.
AB210,85,5 3(6) Sources of loan funds. Funding for loans authorized under this section
4may, at the discretion of the building commission, be provided by one or a
5combination of the following:
AB210,85,86 (a) The secretary, with the approval of the governor and subject to the limits
7of s. 20.866 (2) (zn), may request that state debt be contracted in accordance with ch.
818. Debt requested shall meet all of the following additional requirements:
AB210,85,229 1. State debt may be contracted when it reasonably appears to the building
10commission that all state obligations so incurred under this paragraph and s. 20.866
11(2) (zo) can be fully paid from moneys received from veterans repayments of loans on
12mortgages and mortgage notes funded under this paragraph and other available
13revenues of the veterans mortgage loan repayment fund. In making this
14determination, the building commission may take into account the effect of its
15planned future actions to refinance existing state debt, to create reserve funds, and
16to modify the structure of the total debt outstanding so as to ensure that projected
17repayments of loans on mortgages and mortgage notes, together with other available
18moneys, will be sufficient as received to fund debt service payments as due. It is the
19intent of the legislature that the program authorized under this section be fully
20self-supporting and that it be administered so that all debt service and all related
21costs of the program under this section will require no supplemental support from
22the general fund.
AB210,86,223 2. The chairperson of the board shall certify that the chairperson does not
24expect proceeds of state debt issued under this paragraph to be used in a manner that

1would cause the debt to be arbitrage bonds as defined in the Internal Revenue Code,
2if that debt is a bond that is exempt from federal taxation.
AB210,86,93 (b) Loans made under this section may be purchased by the authority from the
4veterans housing loan fund under s. 234.41. All receipts of interest, except amounts
5retained as servicing fees by the authorized lenders servicing the loans purchased
6by the authority, and principal on the loans, payments of losses by insurers not used
7for restoration of the property securing the loans, and any other collections, shall be
8deposited by the authority into the veterans housing bond redemption fund under
9s. 234.43 and shall be disbursed from the fund as provided in s. 234.43 (2).
AB210,86,1310 (c) The secretary, with the approval of the governor and subject to the limits
11of sub. (10), may request that revenue obligations be contracted in accordance with
12subch. II of ch. 18. Revenue obligations requested shall meet all of the following
13additional requirements:
AB210,86,1714 1. Revenue obligations may be contracted when it reasonably appears to the
15building commission that all obligations incurred under this paragraph can be fully
16paid from moneys received from veterans repayments of loans on mortgages and
17mortgage notes funded under this paragraph.
AB210,86,2218 2. The chairperson of the board shall certify that the board and the department
19do not expect and shall not use proceeds of revenue obligations issued under this
20paragraph in a manner that would cause the revenue obligations to be arbitrage
21bonds as defined in the Internal Revenue Code, where that debt is a bond that is
22exempt from federal taxation.
AB210,87,11 23(7) Repayment of mortgage loans. (a) There is created the veterans mortgage
24loan repayment fund. All moneys received by the department for the repayment of
25loans funded under sub. (6) (a) except for servicing fees required to be paid to

1authorized lenders, net proceeds from the sale of mortgaged properties, any
2repayment to the department of moneys paid to authorized lenders, gifts, grants,
3other appropriations, and interest earnings accruing, any repayment of moneys
4borrowed under s. 45.42 (8) (a), all moneys received under sub. (5) (a) 6., and any
5moneys deposited or transferred under s. 18.04 (6) (b) or (d) shall be promptly
6deposited into the veterans mortgage loan repayment fund. The board shall
7establish by resolution a system of accounts providing for the maintenance and
8disbursement of moneys of the veterans mortgage loan repayment fund to fund loans
9under sub. (6) (a) or to fund, refund, or acquire public debt as provided in s. 18.04 (5).
10The system of accounts shall record and provide moneys for all of the following
11purposes:
AB210,87,1212 1. Transfer to the bond security and redemption fund.
AB210,87,1413 2. Acquisition or redemption of public debt in accordance with resolutions of
14the building commission.
AB210,87,1815 3. Payment of losses arising from delinquency or default in the repayment of
16loans funded under sub. (6) (a), including loss of principal and interest accrued to the
17point of final disposition of the defaulted loan and the expenses of management and
18sale of the property taken upon default of loan repayment.
AB210,87,2219 4. Payment of all costs incurred by the department in processing and servicing
20loans, purchasing servicing rights for loans under this section, and accounting for
21and administering the program under this section, including a portion of grants
22made to county veterans service officers under s. 45.82.
AB210,87,2523 5. Payment of all costs incurred in contracting public debt for the purposes
24under s. 18.04 (5) and under s. 18.04 (2) for the purpose of funding veterans housing
25loans.
AB210,88,2
16. Payment of costs of issuance of obligations to fund loans under sub. (6) (c)
2if not paid from the proceeds of the obligations.
AB210,88,33 7. Payment of obligations arising from loans funded under sub. (6) (b).
AB210,88,54 8. Payment of any other costs of program operation and management
5authorized under this section.
AB210,88,76 9. Loan money to the veterans trust fund, upon prior approval of the building
7commission for each loan, for the purposes under s. 45.42.
AB210,88,108 10. Payment of origination fees, on behalf of veterans who have at least a 30
9percent service-connected disability rating for purposes of 38 USC 1114 or 1134, to
10authorized lenders under sub. (5) (b).
AB210,88,1111 11. Payment required of the department under sub. (5) (a) 6.
AB210,88,1312 12. Payment of obligations arising from the acquisition of a headquarters and
13museum building for the department under s. 45.03 (5) (b).
AB210,88,1514 (b) The board may amend the system of accounts established under par. (a) only
15by resolution of the board that is approved by the building commission.
AB210,88,2116 (c) If revenues of the veterans mortgage loan repayment fund are insufficient
17to meet all current expenses, the secretary of administration shall establish a
18repayment schedule whereby the general fund will be reimbursed in an orderly
19manner for moneys advanced. Interest rates to be charged on loans subsequently
20issued shall be adjusted to provide sufficient revenues to meet all of this repayment
21schedule.
AB210,88,2522 (d) After meeting all expenses and providing for reserves under par. (a) 3.,
23assets in the veterans mortgage loan repayment fund, upon prior approval of the
24building commission, may be transferred to the veterans trust fund and used to fund
25loans under s. 45.42.
AB210,89,3
1(8) Use of surpluses. Surpluses may be used under sub. (11) (c) only if there
2are no unrestricted fund balances available for that purpose in the funds created
3under sub. (10). Section 20.001 (3) (e) shall not be construed to prohibit this action.
AB210,89,9 4(9) Limitation on remodeling or alteration for a disabled veteran. Not more
5than 50 percent of the proceeds of a loan granted under this section for a purpose
6under s. 45.34 (1) (a) may be used for remodeling or alteration of the housing
7accommodation after purchase to meet the special needs of a permanently and totally
8disabled veteran. That portion of the proceeds used for this purpose shall be reserved
9and distributed by the authorized lender.
AB210,89,21 10(10) Repayment of revenue obligations. (a) All moneys received from any
11source for repayment of loans, mortgages, or mortgage loan notes funded with
12proceeds of revenue obligations issued under sub. (6) (c) shall be deposited into one
13or more separate nonlapsible trust funds in the state treasury or with a trustee
14appointed for that purpose by the authorizing resolution for the revenue obligations.
15The board may pledge revenues received by the funds to secure revenue obligations
16issued under sub. (6) (c) and shall have all other powers necessary and convenient
17to distribute the proceeds of the revenue obligations and loan repayments in
18accordance with subch. II of ch. 18. Unrestricted balances in the funds may be used
19to fund additional loans issued under sub. (6) (c) and pay the balances owing on loans
20after the assumptions of the loans or the closings of the sales of residences under sub.
21(11) (c).
AB210,89,2422 (b) Revenue obligations issued under sub. (6) (c) may not exceed $280,000,000
23in principal amount, excluding obligations issued to fund or refund outstanding
24revenue obligation notes or to refund outstanding revenue obligation bonds.
AB210,90,5
1(c) Except as may otherwise be expressly provided in resolutions authorizing
2the issuance of revenue obligations or in other agreements with the holders of
3revenue obligations, each issue of revenue obligations shall be on a parity with every
4other revenue obligation issued under sub. (6) (c) and payable in accordance with
5subch. II of ch. 18.
AB210,90,11 6(11) Guaranteed loans. (a) Upon any sale of the residence which secures a
7guaranteed loan made under this section after April 3, 1980, except for the purchase
8of the residence at the time the loan is initially made, the guaranteed loan may be
9assumed or continue to be paid in regular monthly installments if the person who
10assumes the mortgage loan payments or who will make the regular monthly
11installments agrees to all of the following:
AB210,90,1512 1. To pay interest on the loan from the date of the assumption of the loan, if the
13loan is assumed, or from the date of the closing of the sale of the residence at the
14maximum rates of interest being charged on guaranteed loans on the date the loan
15was initially made.
AB210,90,1816 2. To increase the amortization payments on the loan by an amount sufficient
17to amortize the loan by the date the balance on the loan is payable in full according
18to the original terms of the loan.
AB210,90,2019 (b) The department and authorized lenders shall increase the interest rates
20and amortization payments on loans assumed under par. (a).
AB210,91,321 (c) After the assumption of a guaranteed loan funded under sub. (6) (c), if the
22loan is assumed, or the closing of the sale of a residence on which a balance is owing
23on a guaranteed loan funded under sub. (6) (c), the balance owing on the loan on the
24date of the assumption of the loan, if the loan is assumed, or the closing of the sale
25may be paid to the funds created under sub. (10) from available surpluses, if any, in

1the veterans mortgage loan repayment fund under sub. (7) (d). The loan and the
2mortgage and mortgage note pertaining to the loan may be purchased by the
3veterans mortgage loan repayment fund under sub. (7).
AB210,91,10 4(12) Prior program loans. Subject to this section and ss. 45.33 to 45.35, neither
5the department nor an authorized lender may deny a person a loan under this section
6because of the reason the person sold any property previously mortgaged by the
7person to the department or an authorized lender, if the person completely paid the
8balance of any previous loan under this subchapter in accordance with the terms and
9conditions of the promissory note and the mortgage or other agreement executed in
10connection with the previous loan.
AB210,91,15 11(13) Repayment of loan. Any money appropriated or transferred by law from
12the veterans mortgage loan repayment fund for purposes other than those listed in
13sub. (7), other than moneys made temporarily available to other funds under s.
1420.002 (11), shall be repaid from the general fund with interest at a rate of 5 percent
15per year from the date of the appropriation or transfer to the date of repayment.
AB210,91,1616 sUbchapter IV
AB210,91,1717 Assistance programs
AB210,92,7 1845.40 Economic assistance. (1) Subsistence aid. (a) The department may
19provide subsistence aid to an incapacitated veteran or a dependent of a veteran in
20an amount that the department determines advisable to prevent undue hardship.
21The department may provide subsistence aid under this subsection to a person
22whose incapacitation is the result of alcohol or other drug abuse, if the person is
23participating in an alcohol or other drug abuse treatment program approved by the
24department. The department may provide subsistence aid on a month-to-month
25basis or for a 3-month period. The department may provide the aid for a 3-month

1period if the veteran or dependent whose incapacity is the basis for the aid will be
2incapacitated for more than 3 months, as determined by a health care provider as
3defined in s. 146.81 (1), and if earned or unearned income or aid from other sources
4will not be available in the 3-month period. Subsistence aid shall be limited to a
5maximum of 3 months in a 12-month period unless the department determines that
6the need for subsistence aid in excess of this maximum time period is caused by the
7person's relapse.
AB210,92,228 (b) The department may submit a request to the joint committee on finance for
9supplemental funds from the veterans trust fund to be credited to the appropriation
10account under s. 20.485 (2) (vm) to provide payments under this subsection. The joint
11committee on finance may, from the appropriation under s. 20.865 (4) (u),
12supplement the appropriation under s. 20.485 (2) (vm) in an amount equal to the
13amount that the department expects to expend under this subsection.
14Notwithstanding s. 13.101 (3) (a), the committee is not required to find that an
15emergency exists. If the cochairpersons of the committee do not notify the secretary
16within 14 working days after the date of the department's submittal that the
17committee intends to schedule a meeting to review the request, the appropriation
18account shall be supplemented as provided in the request. If, within 14 working days
19after the date of the department's submittal, the cochairpersons of the committee
20notify the secretary that the committee intends to schedule a meeting to review the
21request, the appropriation account shall be supplemented only as approved by the
22committee.
AB210,93,20 23(2) Health care aid. The department may provide temporary health care aid
24for a veteran or the dependent of a veteran if the department considers it advisable
25to prevent undue hardship. Health care aid to pay medical or hospital bills under

1this subsection is limited to a payment of up to $5,000 per veteran or dependent for
2a 12-month period beginning on the first day of care for which the person seeks
3reimbursement under this subsection. The department may issue a certificate of
4entitlement stating that a veteran or dependent is eligible for health care aid under
5this subsection if the treatment is received within a time period that the department
6promulgates by rule. The department may not provide health care aid to pay for care
7provided to the veteran or dependent before the time period identified in the
8certificate of entitlement, except for emergency care, as determined by the
9department, if the application for the health care aid is submitted within 90 days
10after the emergency care ends. Health care aid may be used to provide payment for
11the treatment of alcoholism or other drug addiction or to provide payment for health
12care required because of alcoholism or other drug addiction or alcohol or other drug
13abuse. The department may not provide health care aid under this subsection unless
14the person's health care provider agrees to accept, as full payment for the medical
15treatment for which the aid is to be granted, the amount of the aid, the amount of the
16person's health insurance or other 3rd-party payments, if any, and the amount that
17the department determines the person is capable of paying. The department may not
18provide health care aid under this subsection if the combined liquid assets of the
19veteran and veteran's dependents who are living in the same household are in excess
20of $1,000.
AB210,93,23 21(3) Appropriations. The department may provide aid under this section from
22the appropriation in s. 20.485 (2) (vm). Nothing in this section empowers the
23department to incur any state debt.
AB210,93,24 2445.41 Payments to veterans organizations. (1) In this section:
AB210,94,2
1(a) "Regional office" means the U.S. department of veterans affairs regional
2office in Wisconsin.
AB210,94,43 (b) "State veterans organization" means the state organization or department
4of a national veterans organization incorporated by an act of congress.
AB210,94,12 5(2) Upon application the department shall make a payment to any state
6veterans organization that establishes that it, or its national organization, or both,
7has maintained a full-time service office at the regional office for 5 consecutive years
8out of the 10-year period immediately preceding the application. The payment shall
9be calculated based on the total amount of all salaries and travel expenses under sub.
10(3) paid during the previous fiscal year by the state veterans organization to
11employees engaged in veterans claims service and stationed at the regional office.
12The payment shall be as follows:
AB210,94,1413 (a) If the total amount paid under sub. (3) is from $1 to $2,499, the organization
14shall receive the amount paid.
AB210,94,1615 (b) If the total amount paid under sub. (3) is from $2,500 to $9,999, the
16organization shall receive $2,500.
AB210,94,1817 (c) If the total amount paid under sub. (3) is from $10,000 to $119,999, the
18organization shall receive 25 percent of the amount paid.
AB210,94,2019 (d) If the total amount paid under sub. (3) is $120,000 or more, the organization
20shall receive $30,000.
AB210,95,13 21(3) A state veterans organization shall file an application annually with the
22department for the previous 12-month period ending on March 31 of the year in
23which it is filed. The application shall contain a statement of salaries and travel
24expenses paid to employees of the organization engaged in veterans claims service
25activities at the regional office by the state veterans organization covering the period

1for which application for a payment is made. The statement shall be certified as
2correct by a certified public accountant licensed or certified under ch. 442 and sworn
3to as correct by the adjutant or principal officer of the state veterans organization.
4The application shall include the state organization's financial statement for its
5previous fiscal year and evidence of claims service activity that the department
6requires. The state veterans organization shall submit with its initial application
7sufficient evidence to establish that it or its national organization, or both, has
8maintained a full-time service office at the regional office for 5 consecutive years out
9of the 10-year period immediately preceding the application. Subsequent
10applications shall be accompanied by an affidavit by the adjutant or principal officer
11of the state veterans organization stating that the organization, on its own or with
12its national organization, maintained a full-time service office at the regional office
13for the entire 12-month period for which application for a payment is made.
AB210,95,16 14(4) From the appropriation under s. 20.485 (2) (s), the department shall
15annually provide a payment of $100,000 to the Wisconsin department of the Disabled
16American Veterans for the provision of transportation services to veterans.
AB210,95,19 1745.42 Veterans personal loans. (1) It is determined that the loan program
18established under this section is a special purpose credit program for an economically
19disadvantaged class of persons for purposes of 15 USC 1691-1691f.
AB210,96,2 20(2) The department may lend a veteran, a veteran's unremarried surviving
21spouse, or a deceased veteran's child not more than $25,000, or a lesser amount
22established by the department under sub. (9). The department may prescribe loan
23conditions, but the term of the loan may not exceed 10 years. The department shall
24ensure that the proceeds of any loan made under this section shall first be applied
25to pay any delinquent child support or maintenance payments owed by the person

1receiving the loan and then to pay any past support, medical expenses, or birth
2expenses owed by the person receiving the loan.
AB210,96,6 3(3) The department may lend to the remarried surviving spouse of a deceased
4veteran or to the parent of a deceased veteran's child not more than $25,000, or a
5lesser amount established by the department under sub. (9), for the education of the
6deceased veteran's child.
AB210,96,13 7(4) The department may execute necessary instruments, collect interest and
8principal, compromise indebtedness, sue and be sued, post bonds, and write off
9indebtedness that it considers uncollectible. If a loan under this section is secured
10by a real estate mortgage, the department may exercise the rights of owners and
11mortgagees generally and the rights and powers set forth in s. 45.32. The
12department shall pay all interest and principal repaid on the loan into the veterans
13trust fund.
AB210,96,16 14(5) The department may charge loan expenses incurred under this section to
15the loan applicant. The department shall pay all expenses received under this
16subsection into the veterans trust fund.
AB210,96,19 17(6) The department may provide a loan under this section to an applicant
18whose name appears on the statewide support lien docket under s. 49.854 (2) (b) only
19if the applicant does one of the following:
AB210,96,2320 (a) Provides to the department a repayment agreement that the applicant has
21entered into, that has been accepted by the county child support agency under s.
2259.53 (5), and that has been kept current for the 6-month period immediately
23preceding the date of the application.
AB210,97,224 (b) Provides to the department a statement that the applicant is not delinquent
25in child support or maintenance payments and does not owe past support, medical

1expenses, or birth expenses, signed by the department of workforce development or
2its designee within 7 working days before the date of the application.
AB210,97,53 (c) Agrees to use the loan proceeds to pay any delinquent child support or
4maintenance payments and to pay any past support, medical expenses, or birth
5expenses if the applicant fails to meet the requirements under par. (a) or (b).
AB210,97,9 6(7) No person may receive a loan under this section in an amount that, when
7added to the balance outstanding on the person's existing loans under s. 45.351 (2),
81995 stats., and s. 45.356, 1995 stats., would result in a total indebtedness to the
9department of more than $25,000.
AB210,97,12 10(8) (a) The department may borrow from the veterans mortgage loan
11repayment fund under s. 45.37 (7) (a) to obtain money to make loans under this
12section.
AB210,97,1513 (b) The department may enter into transactions with the state investment
14board to obtain money to make loans under this section. Transactions authorized
15under this paragraph may include the sale of loans.
AB210,97,19 16(9) Subject to the limits established in subs. (2) and (3), the department may
17periodically adjust the maximum loan amount based upon financial market
18conditions, funds available, needs of the veterans trust funds, or other factors that
19the department considers relevant.
AB210,97,23 20(10) The department may periodically adjust the interest rates for loans made
21under this section, which may vary based upon the term of the loan, the type of
22security offered, the method of payment, or other factors that the department
23considers relevant.
AB210,98,7 24(11) If an applicant's total indebtedness for loans made under this section is
25more than $5,000, the loan shall be evidenced by a promissory note and secured by

1a mortgage on real estate located in this state. A loan of $5,000 or less made to an
2applicant whose total indebtedness for loans made under this section is $5,000 or less
3shall be evidenced by a promissory note and secured by a guarantor or by a mortgage
4on real estate located in this state. A mortgage securing a loan made under this
5section is acceptable if the applicant has equity in the property subject to the
6mortgage equal to or exceeding a minimum amount that the department establishes
7by rule.
AB210,98,17 845.43 Veterans assistance program. (1) The department shall administer
9a program to provide assistance to persons who served in the U.S. armed forces or
10in forces incorporated as part of the U.S. armed forces and who were discharged
11under conditions other than dishonorable. The department shall provide assistance
12to persons whose need for services is based upon homelessness, incarceration, or
13other circumstances designated by the department by rule. The department shall
14designate the assistance available under this section, which may include assistance
15in receiving medical care, dental care, education, employment, and transitional
16housing. The department may provide payments to facilitate the provision of
17services under this section.
AB210,98,21 18(2) The department may charge fees for transitional housing and for other
19assistance provided under this section that the department designates. The
20department shall promulgate rules establishing the fee schedule and the manner of
21implementation of that schedule.
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