Public Notices
Department of Agriculture, Trade and Consumer Protection
Adjustments in Dollar Amounts for Repair Charges Subject to Mechanic's Liens Under Wis. Stat. § 779.41
The following notice is being submitted for publication in the Wisconsin Administrative Register as required under Wis. Stats. §
779.41(1m), created by
1995 Wisconsin Act 107.
Notice of Dollar Amount Adjustments for Repair Charges Subject to Mechanic's Liens
Under Wis. Stat. §
779.41 (1m), the Department is required to annually adjust the dollar amounts identified under §§
779.41 sub.
(1) (intro),
(a),
(b) and
(c) 1. to
4. by the annual change in the consumer price index, all items, U.S. city average, as determined by the Bureau of Labor Statistics of the U.S. Department of Labor, and publish the adjusted figures.
The Department has determined that current dollar amounts specified under Wis. Stats. §§
779.41 sub.
(1) (intro),
(a),
(b) and
(c) 1. to
4. shall be decreased by .4%, according to the prior year annual change in the consumer price index.
The dollar amount contained in Wis. Stats. §
779.41 (1) (intro), is adjusted to $2,085. The dollar amounts contained in Wis. Stats. §
779.41 (1) (a) (b), and
(c) 1.to
4. are adjusted to the following dollar amounts:
(a) A trailer or semitrailer designed for use with a road tractor for charges in excess of $6,260.
(b) Road machinery, including mobile cranes and trench hoes, farm tractors, machines of husbandry, or off-highway construction vehicles and equipment for charges in excess of $10,420.
(c) A motor vehicle not included under par. (a) or (b) with a manufacturer's gross weight rating, including, with respect to road tractors, a manufacturer's gross weight rating for the combined carrying capacity of the tractor and trailer, of:
1. More than 10,000 and less than 20,000 pounds, for charges in excess of $4,170.
2. 20,000 pounds or more, but less than 40,000 pounds, for charges in excess of $8,225.
3. 40,000 pounds or more, but less than 60,000 pounds, for charges in excess of $13,440.
4. 60,000 pounds or more, for charges in excess of $16,185.
These revised dollar amounts under the mechanic's lien law shall apply to work commenced on or after January 1, 2011 for which a lien is claimed. These revised dollar amounts shall remain in effect until the first day of the first month following publication of new adjusted dollar amounts in the Wisconsin Administrative Register.
Contact Information:
Paul Dingee, Section Chief
Trade Practices Bureau
Department of Agriculture, Trade and Consumer Protection
2811 Agriculture Drive
P.O. Box 8911
Madison, WI 53708-8911
Telephone: (608) 224-4925
Department of Financial Institutions
Division of Banking
Notice of Interest Rate on Required Residential Mortgage Loan Escrow Accounts for 2011
Under Section
138.052 (5) (a), Stats., with some exceptions, a bank, credit union, savings bank, savings and loan association, or mortgage banker, which originates a residential mortgage loan requiring an escrow account to assure the payment of taxes or insurance, shall pay interest on the outstanding principal of the escrow.
Section
138.052 (5) (am) 2., Stats., directs the division of banking to determine annually the required interest rate. The rate is based on the average of interest rates paid on regular passbook deposit accounts by institutions under the division of banking or office of credit unions' jurisdiction.
The Department of Financial Institutions, Division of Banking, has calculated the interest rate required to be paid on escrow accounts under Section
138.052 (5), Stats., to be
0.37% for 2011. This interest rate shall remain in effect through December 31, 2011.
Contact Person:
Mr. Michael J. Mach, Administrator
Department of Financial Institutions
Division of Banking
Telephone (608) 261-7578
Office of the Commissioner of Insurance
Insurance Commissioner Sean Dilweg has determined that one independent review organization is certified in accordance with s.
632.835 (4), Stats., and is available to effectively provide the independent reviews required for preexisting condition exclusion denial determinations and rescissions. In accordance with s.
632.835 (8) (b), Stats., the Commissioner is providing notice that effective February 15, 2011, independent review procedures for preexisting condition exclusion denial determinations and rescissions will begin operating.
