AB150-ASA, s. 5272 Section 5272. 214.04 (14) of the statutes is amended to read:

AB150-ASA,1599,21 214.04 (14) Subject to rules of the commissioner division, to own and lease personal property acquired by the savings bank at the request of a prospective lessee and, upon the agreement of that person, to lease the personal property.

AB150-ASA, s. 5273 Section 5273. 214.04 (17) of the statutes is amended to read:

AB150-ASA,1599,25 214.04 (17) With prior written approval of the commissioner division, to acquire all or any part of the assets of a financial institution or to sell all or any part of its assets to another financial institution.

AB150-ASA, s. 5274 Section 5274. 214.04 (18) of the statutes is amended to read:

AB150-ASA,1600,8 214.04 (18) To borrow money and issue its obligations for the borrowed money, including but not limited to obligations, bonds, notes or other debt securities. Except as otherwise provided by this chapter or by rules of the commissioner division, the aggregate amount borrowed may not exceed 50% of the savings bank's total assets, except with the prior written approval of the commissioner division. An obligation, bond, note or other debt security may include a written provision subordinating the debt to claims of other creditors or of depositors.

AB150-ASA, s. 5275 Section 5275. 214.04 (20) of the statutes is amended to read:

AB150-ASA,1600,19 214.04 (20) Upon receiving approval from the commissioner division, to act as an authorized agent for its customers in the business and functions under ch. 217. A savings bank that applies to function as a seller of checks shall meet the application requirements under ch. 217. The commissioner division may not charge a license or investigation fee for an application under this subsection. The seller of checks function of a savings bank shall be under the jurisdiction and supervision of the commissioner division. The commissioner division shall enforce ch. 217 as it applies to savings banks. The commissioner division shall determine what records shall be maintained and shall require the segregation of funds that are necessary for a savings bank to operate as a seller of checks under this subsection and ch. 217.

AB150-ASA, s. 5276 Section 5276. 214.04 (21) (a) of the statutes is amended to read:

AB150-ASA,1600,24 214.04 (21) (a) Directly or indirectly, to acquire, place and operate, or participate in the acquisition, placement and operation of, at locations other than its home office and branch offices, remote service units, in accordance with rules established by the commissioner division.

AB150-ASA, s. 5277 Section 5277. 214.04 (21) (b) of the statutes is amended to read:

AB150-ASA,1601,20 214.04 (21) (b) The rules of the commissioner division shall provide that any remote service unit shall be available for use, on a nondiscriminatory basis, by any state or federal savings bank which has its principal place of business in this state, by any other state or federal savings bank obtaining the consent of a state or federal savings bank that has its principal place of business in this state and is using the terminal and by all customers designated by a savings bank using the unit. This paragraph does not authorize a savings bank which has its principal place of business outside this state to conduct business as a savings bank in this state. A remote service unit shall be available for use, on a nondiscriminatory basis, by any credit union, state or national bank or state or federal savings and loan association, whose home office is located in this state, if the credit union, bank or savings and loan association requests to share its use, subject to joint rules established by the commissioner division of banking, the commissioner office of credit unions and the commissioner division. The rules of the commissioner division and the joint rules shall each prohibit any advertising with regard to a shared remote service unit which suggests or implies exclusive ownership or control of the shared unit by any savings bank or group of savings banks operating or participating in the operation of the unit. The commissioner division by order may authorize the installation and operation of a remote service unit in a mobile facility, after notice and hearing upon the proposed service stops of the mobile facility.

AB150-ASA, s. 5278 Section 5278. 214.04 (21) (c) of the statutes is amended to read:

AB150-ASA,1602,3 214.04 (21) (c) If any person primarily engaged in the retail sale of goods or services owns or operates a remote service unit on such person's premises and allows access to the unit by any financial institution, group of financial institutions or their customers, nothing in this paragraph or in rules established by the commissioner division shall require such person to accept any connection to or use of the unit on its premises for any other purpose or function or to accept any connection to the unit on its premises by any other financial institution.

AB150-ASA, s. 5279 Section 5279. 214.04 (21) (d) of the statutes is amended to read:

AB150-ASA,1602,11 214.04 (21) (d) If a person primarily engaged in the retail sale of goods or services owns or operates a remote service unit on such person's premises and allows access to the unit by any financial institution, group of financial institutions or their customers for any purpose or function, laws governing such institutions or rules established by the commissioner division shall not apply to such person other than those laws or rules directly related to the particular function performed by the unit on such person's premises for a financial institution.

AB150-ASA, s. 5280 Section 5280. 214.04 (25) of the statutes is amended to read:

AB150-ASA,1602,15 214.04 (25) Subject to rules of the commissioner division, to issue credit cards, extend open-end credit and otherwise engage in or participate in credit card operations.

AB150-ASA, s. 5281 Section 5281. 214.04 (26) of the statutes is amended to read:

AB150-ASA,1602,18 214.04 (26) With the prior approval of the commissioner division, establish a limited office.

AB150-ASA, s. 5282 Section 5282. 214.04 (27) of the statutes is amended to read:

AB150-ASA,1602,21 214.04 (27) After giving notice to the commissioner division, establish an extended office.

AB150-ASA, s. 5283 Section 5283. 214.045 of the statutes is amended to read:

AB150-ASA,1603,2 214.045 Status as internal revenue service qualified thrift lender. A savings bank shall qualify for and maintain either the 60% asset test of section 7701 (a) (19) of the internal revenue code, or an asset test prescribed by rule of the commissioner division that is not less than the percentage prescribed by section 7701 (a) (19) of the internal revenue code.

AB150-ASA, s. 5284 Section 5284. 214.06 (1) (intro.) of the statutes is amended to read:

AB150-ASA,1603,6 214.06 (1) (intro.) With the prior written approval of the commissioner division, a savings bank may establish one or more branch offices. A branch office may be located in any of the following:

AB150-ASA, s. 5285 Section 5285. 214.07 of the statutes is amended to read:

AB150-ASA,1603,9 214.07 Authorized activities. A savings bank holding company may engage in activities that are authorized by the commissioner division.

AB150-ASA, s. 5286 Section 5286. 214.08 of the statutes is amended to read: