SB62, s. 522 12Section 522. 77.705 of the statutes is amended to read:
SB62,233,21 1377.705 Adoption by resolution; baseball park district. A local
14professional baseball park district created under subch. III of ch. 229, by resolution
15under s. 229.68 (15), may impose a sales tax and a use tax under this subchapter at
16a rate of no more than 0.1% of the gross receipts or sales price or purchase price.
17Those taxes may be imposed only in their entirety. The resolution shall be effective
18on the first day of the first month January 1, April 1, July 1, or October 1 that begins
19at least 30 120 days after the adoption of the resolution. Any moneys transferred
20from the appropriation account under s. 20.566 (1) (gd) to the appropriation account
21under s. 20.835 (4) (gb) shall be used exclusively to retire the district's debt.
SB62, s. 523 22Section 523. 77.706 of the statutes is amended to read:
SB62,234,8 2377.706 Adoption by resolution; football stadium district. A local
24professional football stadium district created under subch. IV of ch. 229, by
25resolution under s. 229.824 (15), may impose a sales tax and a use tax under this

1subchapter at a rate of 0.5% of the gross receipts or sales price or purchase price.
2Those taxes may be imposed only in their entirety. The imposition of the taxes under
3this section shall be effective on the first day of the first month January 1, April 1,
4July 1, or October 1
that begins at least 30 120 days after the certification of the
5approval of the resolution by the electors in the district's jurisdiction under s. 229.824
6(15). Any moneys transferred from the appropriation account under s. 20.566 (1) (ge)
7to the appropriation account under s. 20.835 (4) (ge) shall be used exclusively to retire
8the district's debt.
SB62, s. 524 9Section 524. 77.707 (1) of the statutes is amended to read:
SB62,234,1710 77.707 (1) Retailers and the department of revenue may not collect a tax under
11s. 77.705 for any local professional baseball park district created under subch. III of
12ch. 229 after the last day of the calendar quarter during that is at least 120 days from
13the date on
which the local professional baseball park district board makes a
14certification to the department of revenue under s. 229.685 (2), except that the
15department of revenue may collect from retailers taxes that accrued before the day
16after the last day of
that calendar quarter and fees, interest and penalties that relate
17to those taxes.
SB62, s. 525 18Section 525. 77.707 (2) of the statutes is amended to read:
SB62,235,219 77.707 (2) Retailers and the department of revenue may not collect a tax under
20s. 77.706 for any local professional football stadium district created under subch. IV
21of ch. 229 after the last day of the calendar quarter during that is at least 120 days
22from the date on
which the local professional football stadium district board makes
23all of the certifications to the department of revenue under s. 229.825 (3), except that
24the department of revenue may collect from retailers taxes that accrued before the

1day after the last day of
that calendar quarter and fees, interest and penalties that
2relate to those taxes.
SB62, s. 526 3Section 526. 77.71 (1) of the statutes is amended to read:
SB62,235,134 77.71 (1) For the privilege of selling, licensing, leasing or renting tangible
5personal property and the items, property, and goods specified under s. 77.52 (1) (b),
6(c), and (d),
and for the privilege of selling, licensing, performing or furnishing
7services a sales tax is imposed upon retailers at the rate of 0.5% in the case of a county
8tax or at the rate under s. 77.705 or 77.706 in the case of a special district tax of the
9gross receipts sales price from the sale, license, lease or rental of tangible personal
10property and the items, property, and goods specified under s. 77.52 (1) (b), (c), and
11(d)
, except property taxed under sub. (4), sold, licensed, leased or rented at retail in
12the county or special district or from selling, licensing, performing or furnishing
13services described under s. 77.52 (2) in the county or special district.
SB62, s. 527 14Section 527. 77.71 (2) of the statutes is amended to read:
SB62,236,315 77.71 (2) An excise tax is imposed at the rate of 0.5% in the case of a county tax
16or at the rate under s. 77.705 or 77.706 in the case of a special district tax of the sales
17purchase price upon every person storing, using or otherwise consuming in the
18county or special district tangible personal property, or items, property, or goods
19specified under s. 77.52 (1) (b), (c), or (d),
or services if the tangible personal property,
20item, property, good,
or service is subject to the state use tax under s. 77.53, except
21that a receipt indicating that the tax under sub. (1), (3) or (4) has been paid relieves
22the buyer of liability for the tax under this subsection and except that if the buyer
23has paid a similar local tax in another state on a purchase of the same tangible
24personal
property, item, property, good, or services that tax shall be credited against
25the tax under this subsection and except that for motor vehicles that are used for a

1purpose in addition to retention, demonstration or display while held for sale in the
2regular course of business by a dealer the tax under this subsection is imposed not
3on the sales purchase price but on the amount under s. 77.53 (1m).
SB62, s. 528 4Section 528. 77.71 (3) of the statutes is amended to read:
SB62,236,165 77.71 (3) An excise tax is imposed upon a contractor engaged in construction
6activities within the county or special district, at the rate of 0.5% in the case of a
7county tax or at the rate under s. 77.705 or 77.706 in the case of a special district tax
8of the sales purchase price of tangible personal property or items, property, or goods
9under s. 77.52 (1) (b), (c), or (d)
that is are used in constructing, altering, repairing
10or improving real property and that becomes became a component part of real
11property in that county or special district, except that if the contractor has paid the
12sales tax of a county in the case of a county tax or of a special district in the case of
13a special district tax in this state on that tangible personal property, item, property,
14or good
, or has paid a similar local sales tax in another state on a purchase of the same
15tangible personal property, item, property, or good, that tax shall be credited against
16the tax under this subsection.
SB62, s. 529 17Section 529. 77.71 (4) of the statutes is amended to read:
SB62,237,218 77.71 (4) An excise tax is imposed at the rate of 0.5 percent in the case of a
19county tax or at the rate under s. 77.705 or 77.706 in the case of a special district tax
20of the sales purchase price upon every person storing, using or otherwise consuming
21a motor vehicle, boat, snowmobile, recreational vehicle, as defined in s. 340.01 (48r),
22trailer, semitrailer, all-terrain vehicle or aircraft, if that property must be registered
23or titled with this state and if that property is to be customarily kept in a county that
24has in effect an ordinance under s. 77.70 or in a special district that has in effect a
25resolution under s. 77.705 or 77.706, except that if the buyer has paid a similar local

1sales tax in another state on a purchase of the same property that tax shall be
2credited against the tax under this subsection.
SB62, s. 530 3Section 530. 77.72 (title) of the statutes is repealed.
SB62, s. 531 4Section 531. 77.72 (1) of the statutes is renumbered 77.72 and amended to
5read:
SB62,237,14 677.72 General rule for property . For the purposes of this subchapter, all
7retail sales of tangible personal property are completed at the time when, and the
8place where, the seller or the seller's agent transfers possession to the buyer or the
9buyer's agent. In this subsection, a common carrier or the U.S. postal service is the
10agent of the seller, regardless of any f.o.b. point and regardless of the method by
11which freight or postage is paid. Rentals and leases of property, except property
12under sub. (2), have a situs at the location of that property
, and items, property, and
13goods specified under s. 77.52 (1) (b), (c), and (d), and taxable services are sourced as
14provided in s. 77.522
.
SB62, s. 532 15Section 532. 77.72 (2) and (3) of the statutes are repealed.
SB62, s. 533 16Section 533. 77.73 (2) of the statutes is amended to read:
SB62,237,2417 77.73 (2) Counties and special districts do not have jurisdiction to impose the
18tax under s. 77.71 (2) in regard to items, property, and goods under s. 77.52 (1) (b),
19(c), and (d), and
tangible personal property, except snowmobiles, trailers,
20semitrailers, and all-terrain vehicles,
purchased in a sale that is consummated in
21another county or special district in this state that does not have in effect an
22ordinance or resolution imposing the taxes under this subchapter and later brought
23by the buyer into the county or special district that has imposed a tax under s. 77.71
24(2).
SB62, s. 534 25Section 534. 77.73 (3) of the statutes is created to read:
SB62,238,8
177.73 (3) Counties and special districts have jurisdiction to impose the taxes
2under this subchapter on retailers who file an application under s. 77.52 (7) or who
3register under s. 77.53 (9) or (9m), regardless of whether such retailers are engaged
4in business in the county or special district, as provided in s. 77.51 (13g). A retailer
5who files an application under s. 77.52 (7) or who registers under s. 77.53 (9) or (9m)
6shall collect, report, and remit to the department the taxes imposed under this
7subchapter for all counties and special districts that have an ordinance or resolution
8imposing the taxes under this subchapter.
SB62, s. 535 9Section 535. 77.75 of the statutes is amended to read:
SB62,238,15 1077.75 Reports. Every person subject to county or special district sales and use
11taxes shall, for each reporting period, record that person's sales made in the county
12or special district that has imposed those taxes separately from sales made
13elsewhere in this state and file a report of the measure of the county or special district
14sales and use taxes and the tax due thereon separately
as prescribed by the
15department of revenue
.
SB62, s. 536 16Section 536. 77.77 (1) of the statutes is renumbered 77.77 (1) (a) and amended
17to read:
SB62,239,218 77.77 (1) (a) The gross receipts sales price from services subject to the tax under
19s. 77.52 (2) are not or the lease, rental, or license of tangible personal property and
20property, items, and goods specified under s. 77.52 (1) (b), (c), and (d), is
subject to
21the taxes under this subchapter, and the incremental amount of tax caused by a rate
22increase applicable to those services, leases, rentals, or licenses is not due, if those
23services are billed to the customer and paid for before
beginning with the first billing
24period starting on or after
the effective date of the county ordinance, special district
25resolution, or rate increase, regardless of whether the service is furnished or the

1property, item, or good is leased, rented, or licensed
to the customer before or after
2that date.
SB62, s. 537 3Section 537. 77.77 (1) (b) of the statutes is created to read:
SB62,239,124 77.77 (1) (b) The sales price from services subject to the tax under s. 77.52 (2)
5or the lease, rental, or license of tangible personal property and property, items, and
6goods specified under s. 77.52 (1) (b), (c), and (d), is not subject to the taxes under this
7subchapter, and a decrease in the tax rate imposed under this subchapter on those
8services first applies, beginning with bills rendered on or after the effective date of
9the repeal or sunset of a county ordinance or special district resolution imposing the
10tax or other rate decrease, regardless of whether the service is furnished or the
11property, item, or good is leased, rented, or licensed to the customer before or after
12that date.
SB62, s. 538 13Section 538. 77.77 (2) of the statutes is repealed.
SB62, s. 539 14Section 539. 77.785 (1) of the statutes is amended to read:
SB62,239,1715 77.785 (1) All retailers shall collect and report the taxes under this subchapter
16on the gross receipts sales price from leases and rentals of property or items,
17property, and goods under s. 77.52 (1) (b), (c), and (d)
under s. 77.71 (4).
SB62, s. 540 18Section 540. 77.785 (2) of the statutes is amended to read:
SB62,239,2419 77.785 (2) Prior to registration or titling, a retailer of a boat, all-terrain vehicle,
20trailer and semi-trailer dealers and licensed
aircraft, motor vehicle, manufactured
21home, as defined in s. 101.91 (2), or recreational vehicle, as defined in s. 340.01 (48r),
22and snowmobile dealers shall collect the taxes under this subchapter on sales of
23items under s. 77.71 (4). The dealer retailer shall remit those taxes to the
24department of revenue along with payments of the taxes under subch. III.
SB62, s. 541 25Section 541. 77.92 (4) of the statutes is amended to read:
SB62,240,16
177.92 (4) "Net business income," with respect to a partnership, means taxable
2income as calculated under section 703 of the Internal Revenue Code; plus the items
3of income and gain under section 702 of the Internal Revenue Code, including taxable
4state and municipal bond interest and excluding nontaxable interest income or
5dividend income from federal government obligations; minus the items of loss and
6deduction under section 702 of the Internal Revenue Code, except items that are not
7deductible under s. 71.21; plus guaranteed payments to partners under section 707
8(c) of the Internal Revenue Code; plus the credits claimed under s. 71.07 (2dd), (2de),
9(2di), (2dj), (2dL), (2dm), (2dr), (2ds), (2dx), (2dy), (3g), (3h), (3s), (3n), (3p), (3r), (3s),
10(3t), (3w), (5e), (5f), (5g), (5h), (5i), (5j), and (5k); and plus or minus, as appropriate,
11transitional adjustments, depreciation differences, and basis differences under s.
1271.05 (13), (15), (16), (17), and (19); but excluding income, gain, loss, and deductions
13from farming. "Net business income," with respect to a natural person, estate, or
14trust, means profit from a trade or business for federal income tax purposes and
15includes net income derived as an employee as defined in section 3121 (d) (3) of the
16Internal Revenue Code.
SB62, s. 542 17Section 542. 77.98 of the statutes is amended to read:
SB62,240,24 1877.98 Imposition. A local exposition district under subch. II of ch. 229 may
19impose a tax on the retail sale, except sales for resale, within the district's
20jurisdiction under s. 229.43 of products that are subject to a tax under s. 77.54 (20)
21(c) 1. to 3. and not
candy, as defined in s. 77.51 (1fm), prepared food, as defined in s.
2277.51 (10m), and soft drinks, as defined in s. 77.51 (17w), unless
exempt from the
23sales tax under s. 77.54 (1), (4), (7) (a), (7m), (9), (9a) or (20) (c) 5., (20n) (b) and (c),
24and (20r).
SB62, s. 543 25Section 543. 77.981 of the statutes is amended to read:
SB62,241,9
177.981 Rate. The tax under s. 77.98 is imposed on the sale of taxable products
2at the rate of 0.25% of the gross receipts sales price, except that the district, by a vote
3of a majority of the authorized members of its board of directors, may impose the tax
4at the rate of 0.5% of the gross receipts sales price. A majority of the authorized
5members of the district's board may vote that, if the balance in a special debt service
6reserve fund of the district is less than the requirement under s. 229.50 (5), the tax
7rate under this subchapter is 0.5%. The 0.5% rate shall be effective on the next
8January 1, April 1, July 1 or October 1, and this tax is irrepealable if any bonds issued
9by the district and secured by the special debt service reserve fund are outstanding.
SB62, s. 544 10Section 544. 77.982 (2) of the statutes is repealed and recreated to read:
SB62,241,1511 77.982 (2) Sections 77.51 (12m), (14), (14g), (15a), and (15b), 77.52 (1b), (3), (4),
12(13), (14), (18), and (19), 77.58 (1) to (5), (6m), and (7), 77.585, 77.59, 77.60, 77.61 (2),
13(3m), (5), (8), (9), and (12) to (15), and 77.62, as they apply to the taxes under subch.
14III, apply to the tax under this subchapter. Section 77.73, as it applies to the taxes
15under subch. V, applies to the tax under this subchapter.
SB62, s. 545 16Section 545. 77.99 of the statutes is amended to read:
SB62,242,3 1777.99 Imposition. A local exposition district under subch. II of ch. 229 may
18impose a tax at the rate of 3% of the gross receipts sales price on the rental, but not
19for rerental and not for rental as a service or repair replacement vehicle, within the
20district's jurisdiction under s. 229.43, of Type 1 automobiles, as defined in s. 340.01
21(4) (a), by establishments primarily engaged in short-term rental of passenger cars
22without drivers, for a period of 30 days or less, unless the sale is exempt from the sales
23tax under s. 77.54 (1), (4), (7) (a), (7m), (9) or (9a). If the state makes a payment under
24s. 229.50 (7) to a district's special debt service reserve fund, a majority of the district's
25authorized board of directors may vote to increase the tax rate under this subchapter

1to 4%. A resolution to adopt the taxes imposed under this section, or an increase in
2the tax rate, shall be effective on the first January 1, April 1, July 1, or October 1
3following the adoption of the resolution or tax increase.
SB62, s. 546 4Section 546. 77.991 (2) of the statutes is repealed and recreated to read:
SB62,242,105 77.991 (2) Sections 77.51 (12m), (14), (14g), (15a), and (15b), 77.52 (1b), (3), (4),
6(13), (14), (18), and (19), 77.58 (1) to (5), (6m), and (7), 77.585, 77.59, 77.60, 77.61 (2),
7(3m), (5), (8), (9), and (12) to (15), and 77.62, as they apply to the taxes under subch.
8III, apply to the tax under this subchapter. Section 77.73, as it applies to the taxes
9under subch. V, applies to the tax under this subchapter. The renter shall collect the
10tax under this subchapter from the person to whom the passenger car is rented.
SB62, s. 547 11Section 547. 77.994 (1) (intro.) of the statutes is amended to read:
SB62,242,1812 77.994 (1) (intro.) Except as provided in sub. (2), a municipality or a county all
13of which is included in a premier resort area under s. 66.1113 may, by ordinance,
14impose a tax at a rate of 0.5% of the gross receipts sales price from the sale, license,
15lease, or rental in the municipality or county of goods or services that are taxable
16under subch. III made by businesses that are classified in the standard industrial
17classification manual, 1987 edition, published by the U.S. office of management and
18budget, under the following industry numbers:
SB62, s. 548 19Section 548. 77.9941 (4) of the statutes is amended to read:
SB62,242,2220 77.9941 (4) Sections 77.72 (1), (2) (a) and (3) (a), 77.73, 77.74, 77.75, 77.76 (1),
21(2), and (4), 77.77 (1) and (2), 77.785 (1), and 77.79, as they apply to the taxes under
22subch. V, apply to the tax under this subchapter.
SB62, s. 549 23Section 549. 77.995 (2) of the statutes is amended to read:
SB62,243,724 77.995 (2) There is imposed a fee at the rate of 5 percent of the gross receipts
25sales price on the rental, but not for rerental and not for rental as a service or repair

1replacement vehicle of Type 1 automobiles, as defined in s. 340.01 (4) (a); of
2recreational vehicles, as defined in s. 340.01 (48r); of motor homes, as defined in s.
3340.01 (33m); and of camping trailers, as defined in s. 340.01 (6m) by establishments
4primarily engaged in short-term rental of vehicles without drivers, for a period of 30
5days or less, unless the sale is exempt from the sales tax under s. 77.54 (1), (4), (7)
6(a), (7m) or (9a). There is also imposed a fee at the rate of 5 percent of the gross
7receipts
sales price on the rental of limousines.
SB62, s. 550 8Section 550. 77.9951 (2) of the statutes is repealed and recreated to read:
SB62,243,139 77.9951 (2) Sections 77.51 (12m), (14), (14g), (15a), and (15b), 77.52 (1b), (3),
10(4), (13), (14), (18), and (19), 77.58 (1) to (5), (6m), and (7), 77.585, 77.59, 77.60, 77.61
11(2), (3m), (5), (8), (9), and (12) to (15), and 77.62, as they apply to the taxes under
12subch. III, apply to the fee under this subchapter. The renter shall collect the fee
13under this subchapter from the person to whom the vehicle is rented.
SB62, s. 551 14Section 551. 77.996 (6) of the statutes is amended to read:
SB62,243,1915 77.996 (6) "Gross receipts" has the meaning given in s. 77.51 (4) (a), (b) 1. and
165., (c) 1. to 4., and (d)
means the sales price, as defined in s. 77.51 (15b), of tangible
17personal property and taxable services sold by a dry cleaning facility
. "Gross
18receipts" does not include the license fee imposed under s. 77.9961 (1m) that is passed
19on to customers.
SB62, s. 552 20Section 552. 77.9972 (2) of the statutes is repealed and recreated to read:
SB62,244,221 77.9972 (2) Sections 77.51 (12m), (14), (14g), (15a), and (15b), 77.52 (1b), (3),
22(4), (13), (14), (18), and (19), 77.58 (1) to (5), (6m), and (7), 77.585, 77.59, 77.60, 77.61
23(2), (3m), (5), (8), (9), and (12) to (15), and 77.62, as they apply to the taxes under
24subch. III, apply to the fee under this subchapter. Section 77.73, as it applies to the
25taxes under subch. V, applies to the fee under this subchapter. The renter shall

1collect the fee under this subchapter from the person to whom the passenger car is
2rented.
SB62, s. 553 3Section 553. 84.03 (2) (a) 1. of the statutes is amended to read:
SB62,244,104 84.03 (2) (a) 1. "Amount of federal funds" means the sum of federal revenues
5received under the federal Intermodal Surface Transportation Efficiency Act of 1991,
6as amended, or under a substantially similar federal legislative act. "Amount of
7federal funds" does not include the first $300,000,000 of federal moneys received by
8the state, pursuant to federal legislation enacted during the 111th Congress, for the
9purpose of reviving the economy of the United States, which moneys are intended to
10be used for transportation purposes.
SB62, s. 554 11Section 554. 86.195 (3) (b) 3. of the statutes is amended to read:
SB62,244,1512 86.195 (3) (b) 3. Fifty percent of the gross receipts sales price, as defined in s.
1377.51 (15b),
of the business are is from meal, food, the sale of food product and
14beverage sales
and food ingredients, as defined in s. 77.51 (3t), that are taxable under
15s. 77.54 (20) (c) subch. III of ch. 77; and
SB62, s. 555 16Section 555. 100.55 (1) (d) 3. of the statutes is amended to read:
SB62,244,1917 100.55 (1) (d) 3. A mortgage banker, loan originator, or mortgage broker
18registered licensed under s. 224.72 or a mortgage loan originator licensed under s.
19224.725
.
SB62, s. 556 20Section 556. 146.99 of the statutes is repealed.
SB62, s. 557 21Section 557. 149.10 (3m) (intro.) of the statutes is amended to read:
SB62,244,2422 149.10 (3m) (intro.) "Health care coverage revenue" means any of the
23following, but does not include payments to health maintenance organizations under
24s. 49.45 (59) (a)
:
SB62, s. 558 25Section 558. 165.25 (4) (ar) of the statutes is amended to read:
SB62,245,6
1165.25 (4) (ar) The department of justice shall furnish all legal services
2required by the department of agriculture, trade and consumer protection relating
3to the enforcement of ss. 100.171, 100.173, 100.174, 100.175, 100.177, 100.18,
4100.182, 100.195, 100.20, 100.205, 100.207, 100.209, 100.21, 100.28, 100.37, 100.42,
5100.50, and 100.51, and 100.55, and 846.45 and chs. 126, 136, 344, 704, 707, and 779,
6together with any other services as are necessarily connected to the legal services.
SB62, s. 559 7Section 559. 218.0171 (2) (cq) of the statutes is amended to read:
SB62,245,138 218.0171 (2) (cq) Upon payment of a refund to a consumer under par. (b) 2. b.,
9the manufacturer shall provide to the consumer a written statement that specifies
10the trade-in amount previously applied under s. 77.51 (4) (b) 3. or 3m. or (15) (b) 4.
11or 4m.
(12m) (b) 5. or 6. or (15b) (b) 5. or 6. toward the sales price of the motor vehicle
12having the nonconformity and the date on which the manufacturer provided the
13refund.
SB62, s. 560 14Section 560. 220.02 (2) (g) of the statutes is amended to read:
SB62,245,1615 220.02 (2) (g) Mortgage bankers, mortgage loan originators, and mortgage
16brokers under subch. III of ch. 224.
SB62, s. 561 17Section 561. 220.02 (3) of the statutes is amended to read:
SB62,246,218 220.02 (3) It is the intent of sub. (2) to give the division jurisdiction to enforce
19and carry out all laws relating to banks or banking in this state, including those
20relating to state banks, savings banks, savings and loan associations, and trust
21company banks, and also all laws relating to small loan companies or other loan
22companies or agencies, finance companies, insurance premium finance companies,
23motor vehicle dealers, adjustment service companies, community currency
24exchanges, mortgage bankers, mortgage loan originators, mortgage brokers, and
25collection agencies and those relating to sellers of checks under ch. 217, whether

1doing business as corporations, individuals, or otherwise, but to exclude laws
2relating to credit unions.
SB62, s. 562 3Section 562. 220.06 (1) of the statutes is amended to read:
SB62,246,64 220.06 (1) In this section, "licensee" means a person licensed by the division
5under ch. 138, 217 or 218 or under s. 224.72, 224.725, or 224.92 or registered by the
6division under s. 224.72
.
SB62, s. 563 7Section 563. 220.285 (1) of the statutes is amended to read:
SB62,246,198 220.285 (1) Any state bank, trust company bank, licensee under ss. 138.09,
9138.12, 218.0101 to 218.0163, 218.02, 218.04 or, 218.05, 224.72, or 224.725 or ch. 217,
10or person registered under s. 224.72
may cause any or all records kept by such bank,
11licensee, or registered person to be recorded, copied or reproduced by any photostatic,
12photographic or miniature photographic process or by optical imaging if the process
13employed correctly, accurately and permanently copies, reproduces or forms a
14medium for copying, reproducing or recording the original record on a film or other
15durable material. A bank, licensee, or registered person may thereafter dispose of
16the original record after first obtaining the written consent of the division. This
17section, excepting that part of it which requires written consent of the division, is
18applicable to national banking associations insofar as it does not contravene federal
19law.
SB62, s. 564 20Section 564. 221.0402 (2) (b) of the statutes is amended to read:
SB62,246,2221 221.0402 (2) (b) Mortgage bankers registered licensed under s. 224.72 may use
22the designation "mortgage banker".
SB62, s. 565 23Section 565. 224.71 (1ag) of the statutes is repealed.
SB62, s. 566 24Section 566. 224.71 (1b) of the statutes is repealed.
SB62, s. 567 25Section 567. 224.71 (1bm) of the statutes is created to read:
SB62,247,4
1224.71 (1bm) "Another state" means any state of the United States other than
2Wisconsin; the District of Columbia; any territory of the United States; Puerto Rico;
3Guam; American Samoa; the Trust Territory of the Pacific Islands; the Virgin
4Islands; or the Northern Mariana Islands.
SB62, s. 568 5Section 568. 224.71 (1c) of the statutes is created to read:
SB62,247,86 224.71 (1c) "Branch office" means an office or place of business, other than the
7principal office, located in this state or another state, where a mortgage banker or
8mortgage broker conducts business with residents of this state.
SB62, s. 569 9Section 569. 224.71 (1d) of the statutes is repealed.
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