342.12(3)
(3) Notwithstanding
sub. (2), the department may issue a certificate of title if the applicant fulfills either of the following requirements:
342.12(3)(a)
(a) The applicant is a dealer licensed under
ss. 218.0101 to
218.0163 or
218.11 and is financially responsible as substantiated by the last financial statement on file with the licensor, a finance company licensed under
ss. 138.09 or
218.0101 to
218.0163, a bank organized under the laws of this state, or a national bank located in this state; or
342.12(3)(b)
(b) The applicant has filed with the department a bond in the form prescribed by the department and executed by the applicant, and either accompanied by the deposit of cash with the department or executed by a person authorized to conduct a surety business in this state. The bond shall be in an amount equal to one and one-half times the value of the vehicle as determined by the department and conditioned to indemnify any prior owner and secured party and any subsequent purchaser of the vehicle or person acquiring any security interest in it, and their respective successors in interest, against any expense, loss or damage, including reasonable attorney fees, by reason of the issuance of the certificate of title for the vehicle or on account of any defect in or undisclosed security interest upon the right, title and interest of the applicant in and to the vehicle. Any such interested person has a right of action to recover on the bond for any breach of its conditions, but the aggregate liability of the surety to all persons shall not exceed the amount of the bond. The bond, and any deposit accompanying it, shall be returned at the end of 5 years or prior thereto if, apart from this section, a certificate of title could then be issued for the vehicle, or if the vehicle is no longer registered in this state and the currently valid certificate of title is surrendered to the department, unless the department has been notified of the pendency of an action to recover on the bond.
342.13
342.13
Lost, stolen or mutilated certificates. 342.13(1)
(1) If a certificate of title is lost, stolen, mutilated, or destroyed, or becomes illegible, the owner or person in possession of the certificate, as shown by the records of the department, shall promptly make application for and may obtain a replacement upon furnishing information satisfactory to the department. The replacement certificate of title shall contain a notation, in a form determined by the department, identifying the certificate as a replacement certificate that may be subject to the rights of a person under the original certificate.
342.13(3)
(3) A person recovering an original certificate of title for which a replacement has been issued shall promptly surrender the original certificate to the department.
342.14
342.14
Fees. The department shall be paid the following fees:
342.14(1)
(1) For filing an application for the first certificate of title, $62, by the owner of the vehicle.
342.14(2)
(2) For the original notation and subsequent release of each security interest noted upon a certificate of title, a single fee of $10, by the applicant.
342.14(3)
(3) For a certificate of title after a transfer, $62, by the owner of the vehicle.
342.14(3m)
(3m) Upon filing an application under
sub. (1) or
(3), a supplemental title fee of $7.50 by the owner of the vehicle, except that this fee shall be waived with respect to an application under
sub. (3) for transfer of a decedent's interest in a vehicle to his or her surviving spouse or domestic partner under
ch. 770. The fee specified under this subsection is in addition to any other fee specified in this section. This subsection does not apply to an application for a certificate of title for a low-speed vehicle.
342.14(4)
(4) For each assignment of a security interest noted upon a certificate of title, $1 by the assignee.
342.14(5)
(5) For a replacement certificate of title, $20, by the owner of the vehicle.
342.14(7)
(7) For processing applications for certificates of title which have a special handling request for fast service, a fee to be established by rule which shall approximate the cost to the department for providing this special handling service to persons so requesting.
342.14(8)
(8) For the reinstatement of a certificate of title previously suspended or revoked, $25, except that if the certificate of title and registration of a vehicle are suspended or revoked as a result of the same occurrence, payment of the fee under
s. 341.36 (1) shall apply to the reinstatement of both the registration and certificate of title. The fee under this subsection is in addition to any other fee specified in this section.
342.14 Cross-reference
Cross-reference: See also ch.
Trans 196, Wis. adm. code.
TRANSFER OF TITLE
342.15
342.15
Transfer of interest in a vehicle. 342.15(1)(a)(a) If an owner transfers an interest in a vehicle, other than by the creation of a security interest, the owner shall comply with the requirements of
s. 342.155 and, at the time of the delivery of the vehicle, execute an assignment and warranty of title to the transferee in the space provided therefor on the certificate, and the owner or person in possession of the certificate, as shown by the records of the department, shall cause the certificate to be mailed or delivered to the transferee, except that if the vehicle being transferred is a junk vehicle or has been junked, the owner shall return the certificate to the department in accordance with
s. 342.34.
342.15(1)(bm)
(bm) No person may transfer a motor vehicle without disclosing in writing to the transferee whether any of the information specified in
s. 342.10 (3) is applicable to the vehicle. No transferor shall knowingly give a false statement to a transferee in making the disclosure. The department shall prescribe the manner in which the written disclosure shall be made and retained.
342.15(1)(c)
(c) If an owner transfers his or her interest in a salvage vehicle, the owner shall at the time of the delivery of the vehicle, execute an assignment and warranty of title to the transferee in the space provided therefor on the certificate, and the owner or person in possession of the certificate, as shown by the records of the department, shall cause the certificate to be mailed or delivered to the transferee.
342.15(1)(d)
(d) Notwithstanding
s. 340.01 (42), any person who holds legal title of a vehicle with one or more other persons may, after June 1, 1997, transfer ownership of the vehicle under this subsection if legal title to the vehicle is held in the names of such persons in the alternative, including a vehicle held in a form designating the holder by the words “(name of one person) or (name of other person)".
342.15(2)
(2) Except as provided in
s. 342.16, the transferee shall, promptly after delivery to him or her of the vehicle, execute the application for a new certificate of title in the space provided on the certificate or as the department prescribes, and deliver or mail the certificate and application to the department. A salvage vehicle purchaser shall comply with
s. 342.065 (1) (a).
342.15(3)
(3) Except as provided in
s. 342.16 and as between the parties, a transfer by an owner is not effective until the provisions of this section have been complied with. An owner who has delivered possession of the vehicle to the transferee and has complied with the provisions of this section is not liable as owner for any damages thereafter resulting from operation of the vehicle.
342.15(4)(a)(a) If the vehicle being transferred is a motorcycle or an automobile registered under
s. 341.27 or a motor home or a motor truck, dual purpose motor home or dual purpose farm truck which has a gross weight of not more than 8,000 pounds or a farm truck which has a gross weight of not more than 12,000 pounds, the owner shall remove the registration plates and retain and preserve them for use on any other vehicle of the same type and gross weight which may subsequently be registered in his or her name.
342.15(4)(b)
(b) If the vehicle being transferred is a vehicle registered under
s. 341.26 at a special fee and the new owner will not be entitled to register the vehicle at such fee, the transferor shall remove and destroy the plates.
342.15(4)(c)
(c) In all other cases the transferor shall permit the plates to remain attached to the vehicle being transferred, except that if the vehicle has been junked the transferor shall remove and destroy the plates.
342.15(5)
(5) Any owner of a vehicle for which a certificate of title has been issued, who upon transfer of the vehicle fails to execute the assignment and warranty of title required by
sub. (1), or the owner or person in possession of such certificate of title, as shown by the records of the department, who fails to deliver the assignment and warranty of title required by
sub. (1), may be required to forfeit not more than $500.
342.15(5m)(a)(a) Except as provided in
par. (b), any person who violates
sub. (1) (bm) may be required to forfeit not more than $1,000.
342.15(5m)(b)
(b) Any person who violates
sub. (1) (bm) with intent to defraud may be fined not more than $5,000.
342.15(6)(a)(a) Except as provided in
s. 342.16, any transferee of a vehicle who fails to make application for a new certificate of title immediately upon transfer to him or her of a vehicle may be required to forfeit not more than $200. A certificate is considered to have been applied for when the application accompanied by the required fee has been delivered to the department or deposited in the mail properly addressed with postage prepaid.
342.15(6)(b)
(b) Except as provided in
s. 342.16, any transferee of a vehicle who with intent to defraud fails to make application for a new certificate of title immediately upon transfer to him or her of a vehicle may be fined not more than $1,000 or imprisoned for not more than 30 days or both. A certificate is considered to have been applied for when the application accompanied by the required fee has been delivered to the department or deposited in the mail properly addressed with postage prepaid.
342.15(7)
(7) Any owner of a vehicle currently registered in this state who fails to comply with the requirements of
sub. (4) may be required to forfeit not more than $200.
342.15 History
History: 1971 c. 278;
1975 c. 121,
199;
1977 c. 29 ss.
1453,
1654 (7) (a);
1977 c. 79,
129,
203,
418,
447;
1983 a. 126,
227,
270,
538;
1985 a. 29,
202,
332;
1987 a. 349;
1993 a. 63,
159;
1995 a. 421;
1997 a. 27;
1999 a. 9,
80;
2011 a. 32.
342.155
342.155
Mileage disclosure requirements of transferors and transferees. 342.155(1)(a)(a) Unless exempted by rule of the department, no transferor may transfer ownership of a motor vehicle without disclosing the vehicle's mileage in writing to the transferee by specifying the odometer reading. The disclosure shall state either that the reading is known to be actual mileage, or that the reading is not the actual mileage and should not be relied upon, or that the reading reflects the mileage in excess of the designed mechanical limit.
342.155(1)(b)
(b) The mileage disclosure statement required under
par. (a) shall be made in the spaces provided on the certificate of title or on a form or in an automated format authorized by the department. The transferee shall print his or her name on the mileage disclosure statement, sign the statement and return a copy of the statement to the transferor. Except as authorized by rule of the department, no person may sign a mileage disclosure statement as both the transferor and transferee in the same transaction.
342.155(1)(c)
(c) The department shall promulgate rules that do all of the following:
342.155(1)(c)1.
1. Establish the form and manner of the mileage disclosure.
342.155(1)(c)2.
2. Identify which vehicles are exempt from the mileage disclosure requirements under this subsection.
342.155(1)(c)3.
3. Prescribe the mileage disclosure requirements applicable to leasing companies and their lessees.
342.155(1)(c)4.
4. Establish requirements relating to the creation, retention and inspection of mileage disclosure records of persons who acquire or consign motor vehicles for resale or lease, including motor vehicle salvage pools and auction dealers.
342.155(1)(c)5.
5. Establish the form content and format and procedures for any power of attorney disclosing a vehicle's mileage for purposes of this section.
342.155(1)(c)6.
6. Identify and define terms relating to the mileage disclosure requirement.
342.155(2)
(2) No transferor may knowingly make a false statement, including providing an odometer reading that is different from the actual reading on the odometer, in disclosing the vehicle's mileage to a transferee under this section.
342.155(3)
(3) No transferee, nor any other person, may alter, erase or obliterate any information, including the mileage disclosure, contained on any mileage disclosure statement.
342.155(4)(a)(a) Except as provided in
par. (b), any person who violates this section may be required to forfeit not more than $1,000.
342.155(4)(b)
(b) Any person who violates this section with intent to defraud may be fined not more than $5,000 or imprisoned for not more than 7 years and 6 months or both is guilty of Class H felony.
342.155 Cross-reference
Cross-reference: See also ch.
Trans 154, Wis. adm. code.
342.156
342.156
Transfers of leased motor vehicles. 342.156(1)
(1) Prior to transferring ownership of any leased motor vehicle, the lessor shall notify in writing the lessee of the vehicle that the lessee is required to provide the lessor with a written disclosure specifying the leased vehicle's mileage. The written notification shall include the mileage disclosure requirements applicable to the lessee under
49 CFR 580.7 and rules of the department and the penalties for failure to comply with those requirements.
342.156(2)
(2) Upon termination of the lease after written notification from the lessor under
sub. (1), the lessee shall disclose the vehicle's mileage in writing to the lessor. The mileage disclosure record under this section shall be signed by the lessee and include the information required under
sub. (1) and rules of the department.
342.156(3)
(3) The lessor shall retain and make available for inspection any mileage disclosure record required to be made by a lessee with respect to a leased motor vehicle.
342.156(4)
(4) If a lessor transfers ownership of a leased motor vehicle without obtaining possession of the vehicle from the lessee, the lessor may, in making the mileage disclosure statement required under
s. 342.155, indicate on the certificate of title or on a supplemental mileage disclosure statement approved by the department, the mileage disclosed by the lessee under this section unless the lessor has reason to believe that the lessee's mileage disclosure does not reflect the actual mileage of the vehicle.
342.156(5)
(5) The department shall promulgate rules to do all of the following:
342.156(5)(a)
(a) Specify the information to be included in the lessee's mileage disclosure to the lessor.
342.156(5)(b)
(b) Establish the manner in which and the period of time for which mileage disclosure records under this section shall be retained and made available for inspection.
342.156(6)(a)(a) Except as provided in
par. (b), any person who violates this section may be required to forfeit not more than $1,000.
342.156(6)(b)
(b) Any person who violates this section with intent to defraud is guilty of a Class H felony.
342.157
342.157
Motor vehicle salvage pools and auction companies to maintain records. For each motor vehicle sold by a motor vehicle salvage pool or auction company, the motor vehicle salvage pool or auction company shall establish and maintain a record of each sale, including the mileage disclosure of the transferor under
s. 342.155. The department shall specify by rule the information that shall be included in such records and the manner in which and the period of time for which the records shall be maintained.
342.157 History
History: 1993 a. 159.
342.16
342.16
Transfer to or from dealer. 342.16(1)(a)(a) Except as provided in
par. (c), if a dealer acquires a new or used vehicle that is not a salvage vehicle and holds it for resale, or acquires a salvage vehicle that is currently titled as a salvage vehicle and holds it for resale or accepts a vehicle for sale on consignment, the dealer may not submit to the department the certificate of title or application for certificate of title naming the dealer as owner of the vehicle. Upon transferring the vehicle to another person, the dealer shall immediately give the transferee on a form prescribed by the department a receipt for all title, registration, security interest and sales tax moneys paid to the dealer for transmittal to the department when required. The dealer shall promptly execute the assignment and warranty of title, showing the name and address of the transferee and of any secured party holding a security interest created or reserved at the time of the resale or sale on consignment, in the spaces provided therefor on the certificate or as the department prescribes. Within 7 business days following the sale or transfer, the dealer shall process the application for certificate of title, and within the next business day after processing the application, the dealer shall mail or deliver the original application for certificate and all associated materials required by the department to the department. A nonresident who purchases a motor vehicle from a dealer in this state may not, unless otherwise authorized by rule of the department, apply for a certificate of title issued for the vehicle in this state unless the dealer determines that a title is necessary to protect the interests of a secured party. The dealer is responsible for determining whether a title and perfection of security interest is required. The dealer is liable for any damages incurred by the department or any secured party for the dealer's failure to perfect a security interest which the dealer had knowledge of at the time of sale.
342.16(1)(am)1.1. Except as provided in
subd. 2., a motor vehicle dealer, as defined in
s. 218.0101 (23), who processes an application for transfer of title and registration as provided in
par. (a) shall utilize an electronic process prescribed by the department under this paragraph or provided for under
ss. 341.20 and
341.21.
342.16(1)(am)2.
2. The department may, by rule, exempt a motor vehicle dealer from the requirements of this paragraph. A motor vehicle dealer who is exempted shall pay a fee to the department to process applications for transfer of title and registration that are submitted to the department by the exempted dealer.
342.16(1)(am)3.
3. The department shall promulgate rules to implement and administer this paragraph.
342.16 Cross-reference
Cross-reference: See also ch.
Trans 141, Wis. adm. code.
342.16(1)(b)
(b) A dealer who assists a transferee in the registration of a vehicle as provided in
par. (a) and
s. 341.25 (3) shall not be liable for damages caused by operation of the vehicle at a weight in excess of the manufacturer's maximum gross weight rating.
342.16(1)(c)
(c) Except when all available spaces for a dealer's or wholesaler's reassignment on a certificate of title have been completed or as otherwise authorized by rules of the department, a dealer or wholesaler who acquires a new or used vehicle that is not a salvage vehicle and holds it for resale, or acquires a salvage vehicle that is currently titled as a salvage vehicle and holds it for resale or accepts a vehicle for sale on consignment may not apply for a certificate of title naming the dealer or wholesaler as owner of the vehicle. The rules may regulate the frequency of application by a dealer or wholesaler for transfer of registration or credits for registration from a previously registered vehicle to another vehicle that the dealer or wholesaler intends to register in his or her own name.
342.16(1)(d)
(d) Unless exempted by rule of the department, a dealer or wholesaler who acquires a new or used vehicle that is not a salvage vehicle and holds it for resale or acquires a salvage vehicle currently titled as a salvage vehicle and holds it for resale shall make application for a certificate of title naming the dealer or wholesaler as owner of the vehicle when all of the available spaces for a dealer's or wholesaler's reassignment on the certificate of title for such vehicle have been completed.
342.16(1g)
(1g) No transferee who, for the purpose of resale, accepts a motor vehicle on consignment or acquires ownership of a motor vehicle may accept any mileage disclosure required under
s. 342.155 or rules of the department if the mileage disclosure has been altered or is incomplete.
342.16(1r)
(1r) No motor vehicle dealer or motor vehicle salesperson may transfer a motor vehicle without disclosing in writing to the transferee whether any of the information specified in
s. 342.10 (3) is applicable to the vehicle. No motor vehicle dealer or motor vehicle salesperson may knowingly give a false statement to a transferee in making the disclosure. The department shall prescribe the manner in which the written disclosure shall be made and retained.
342.16(2)
(2) Every dealer shall maintain for 5 years a record in the form the department prescribes of every vehicle bought, sold or exchanged, or received for sale or exchange, which shall be open to inspection by a representative of the department or a peace officer during reasonable business hours.
342.16(3)
(3) Except as provided in
sub. (4), any dealer who fails to comply with this section may be required to forfeit not more than $200.
