AB133-SSA1, s. 1998gp Section 1998gp. 101.9206 of the statutes is created to read:

AB133-SSA1,1044,17 101.9206 Contents of certificate of title. (1) Each certificate of title issued by the department shall contain all of the following:

AB133-SSA1,1044,18 (a) The name and address of the owner.

AB133-SSA1,1044,21 (b) The names of any secured parties in the order of priority as shown on the application or, if the application is based on another certificate of title, as shown on that certificate.

AB133-SSA1,1044,22 (c) The title number assigned to the mobile home.

AB133-SSA1,1044,24 (d) A description of the mobile home, including make, model and identification number.

AB133-SSA1,1044,25 (e) Any other data which the department considers pertinent and desirable.

AB133-SSA1,1045,1 (2) (a) The certificate of title shall contain spaces for all of the following:

AB133-SSA1,1045,2 1. Assignment and warranty of title by the owner.

AB133-SSA1,1045,3 2. Reassignment and warranty of title by a mobile home dealer.

AB133-SSA1,1045,6 (b) The certificate of title may contain spaces for application for a certificate of title by a transferee and for the naming of a secured party and the assignment or release of a security interest.

AB133-SSA1,1045,16 (3) (a) Unless the applicant fulfills the requirements of par. (b), the department shall issue a distinctive certificate of title for a mobile home last previously registered in another jurisdiction if the laws of the other jurisdiction do not require that secured parties be named on a certificate of title to perfect their security interests. The certificate shall contain the legend "This mobile home may be subject to an undisclosed security interest" and may contain any other information that the department prescribes. If the department receives no notice of a security interest in the mobile home within 4 months from the issuance of the distinctive certificate of title, the department shall, upon application and surrender of the distinctive certificate, issue a certificate of title in ordinary form.

AB133-SSA1,1045,18 (b) The department may issue a nondistinctive certificate of title if the applicant fulfills either of the following requirements:

AB133-SSA1,1045,22 1. The applicant is a mobile home dealer and is financially responsible as substantiated by the last financial statement on file with the department, a finance company licensed under s. 138.09, a bank organized under the laws of this state, or a national bank located in this state.

AB133-SSA1,1046,13 2. 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 also executed by a person authorized to conduct a surety business in this state. The bond shall be in an amount equal to 1.5 times the value of the mobile home as determined by the department and conditioned to indemnify any prior owner and secured party and any subsequent purchaser of the mobile home 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 of the mobile home or on account of any defect in or undisclosed security interest upon the right, title and interest of the applicant in and to the mobile home. 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 nondistinctive certificate of title could then be issued for the mobile home.

AB133-SSA1,1046,15 (4) A certificate of title issued by the department is prima facie evidence of the facts appearing on it.

AB133-SSA1,1046,16 (5) The department may issue a certificate of title in an automated format.

AB133-SSA1, s. 1998gt Section 1998gt. 101.9207 of the statutes is created to read:

AB133-SSA1,1046,24 101.9207 Lost, stolen or mutilated certificates. (1) If a certificate of title is lost, stolen, mutilated or destroyed or becomes illegible, the owner or legal representative of the owner named in 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 the legend "This is a replacement certificate and may be subject to the rights of a person under the original certificate".

AB133-SSA1,1047,2 (2) A person recovering an original certificate of title for which a replacement has been issued shall promptly surrender the original certificate to the department.

AB133-SSA1, s. 1998gx Section 1998gx. 101.9208 of the statutes is created to read:

AB133-SSA1,1047,4 101.9208 Fees. The department shall be paid the following fees:

AB133-SSA1,1047,6 (1) For filing an application for the first certificate of title, $8.50, by the owner of the mobile home.

AB133-SSA1,1047,14 (2) Upon filing an application under sub. (1) or (4) before the first day of the 2nd month beginning after the effective date of this subsection .... [revisor inserts date], an environmental impact fee of $5, by the person filing the application. Upon filing an application under sub. (1) or (4) on or after the first day of the 2nd month beginning after the effective date of this subsection .... [revisor inserts date], an environmental impact fee of $6, by the person filing the application. All moneys collected under this subsection shall be credited to the environmental fund for environmental management.

AB133-SSA1,1047,16 (3) For the original notation and subsequent release of each security interest noted upon a certificate of title, a single fee of $4 by the owner of the mobile home.

AB133-SSA1,1047,18 (4) For a certificate of title after a transfer, $8.50, by the owner of the mobile home.

AB133-SSA1,1047,20 (6) For each assignment of a security interest noted upon a certificate of title, $1 by the assignee.

AB133-SSA1,1047,21 (7) For a replacement certificate of title, $8, by the owner of the mobile home.

AB133-SSA1,1047,25 (8) For processing applications for certificates of title which have a special handling request for fast service, a fee established by the department by rule, which fee shall approximate the cost to the department for providing this special handling service to persons so requesting.