AB617,91,13 218.05 (14) (a) A licensee shall make an annual report and submit financial statements as provided in s. 224.35 (8).

AB617,133 Section 133 . 220.02 (2) (c) of the statutes is amended to read:

AB617,91,15 220.02 (2) (c) Sellers of checks Money transmitters under ch. 217.

AB617,134 Section 134 . 220.02 (3) of the statutes is amended to read:

AB617,92,2 220.02 (3) It is the intent of sub. (2) to give the division jurisdiction to enforce and carry out all laws relating to banks or banking in this state, including those relating to state banks, savings banks, savings and loan associations, and trust company banks, and also all laws relating to small loan companies or other loan companies or agencies, finance companies, insurance premium finance companies, motor vehicle dealers, adjustment service companies, community currency exchanges, mortgage bankers, mortgage loan originators, mortgage brokers, and collection agencies and those relating to sellers of checks money transmitters under ch. 217, whether doing business as corporations, individuals, or otherwise, but to exclude laws relating to credit unions.

AB617,135 Section 135. 220.06 (1m) of the statutes is amended to read:

AB617,93,2 220.06 (1m) No division employee may examine a bank or licensee in which that person is interested as a stockholder, officer, or employee. No division employee may examine a bank or licensee located in the same village, city, or county with any bank or licensee in which that person is so interested. Employees in the division, and each member and employee of the banking institutions review board, shall keep secret all facts and information obtained in the course of examinations or from reports not under s. 221.1002 (1) filed by a bank or licensee with the division, except so far as the public duty of the person requires reporting upon or taking special action regarding the affairs of any bank or licensee, and except when called as a witness in any criminal proceeding or trial in a court of justice. The division may furnish to the federal deposit insurance corporation, to a federal home loan bank, or to any regulatory authority for state or federal financial institutions, insurance, or securities, or to any organization the membership of which is made up of regulatory authorities for state or federal financial institutions, insurance, or securities, a copy of any examination made of any such bank or licensee or of any report made by such bank or licensee and may give access to and disclose to the corporation or, to any regulatory authority for state or federal financial institutions, insurance, or securities, or to any organization the membership of which is made up of regulatory authorities for state or federal financial institutions, insurance, or securities, any information possessed by the division, or to a federal home loan bank any information created by the division, with reference to the conditions or affairs of any such insured bank or licensee if the regulatory authority agrees to treat all information received with the same degree of confidentiality as applies to reports of examination that are in the custody of the division.

AB617,136 Section 136 . 224.35 (1g) of the statutes is created to read:

AB617,93,4 224.35 (1g) Definitions. In this section:

AB617,93,5 (a) “Division” means the division of banking.

AB617,93,10 (b) “Nationwide multistate licensing system and registry" means the multistate system developed by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators and owned and operated by the State Regulatory Registry, LLC, or any successor or affiliate entity, for the licensing and registration of persons in financial services industries.

AB617,93,13 (c) “Reinstatement period” means the period beginning on the first day of January and ending on the last day of February of the year following the expiration of a license, or such other period prescribed by the division.

AB617,93,15 (d) “Renewal period” means the period beginning on November 1 and ending on December 31, or such other period prescribed by the division.

AB617,93,17 (e) “Unique identifier" means a number or other identifier assigned by protocols established by the nationwide multistate licensing system and registry.

AB617,137 Section 137. 224.35 (1m) (bm) of the statutes is created to read:

AB617,94,4 224.35 (1m) (bm) The division may require an applicant or licensee, or an individual with the power to direct the management or policies of the applicant or licensee, to submit an independent credit report from a consumer reporting agency, an investigative background report prepared by an independent search firm, fingerprints, or any other personal or professional history information deemed necessary by the division. The division may require fingerprints for the purposes of identifying the individual and to determine whether the individual has a record of warrants, arrests, or convictions in any jurisdiction. Fingerprints may be submitted, directly or as provided in s. 224.35 (2), to the federal bureau of investigation and any government agency or entity authorized to receive this information for a state and national criminal history record check.

AB617,138 Section 138. 224.35 (1r), (6), (7) and (8) of the statutes are created to read:

AB617,94,11 224.35 (1r) Applicable licensed activities. The division shall utilize the nationwide multistate licensing system and registry, as provided in this section, with respect to applicants and licensees under ss. 138.09, 138.12, 138.14, 217.05, 218.0114 except for motor vehicle dealers within the meaning of s. 218.0101 (23), 218.02, 218.04, 218.05, 224.72, and 224.725 and with respect to applicants and registrants under s. 224.722.

AB617,94,16 (6) Changes to information. A licensee shall keep current and accurate all material information on file with the division and the nationwide multistate licensing system and registry. If the information changes in any material respect, the licensee must notify the division and the nationwide multistate licensing system of the change within 10 days after the change.

AB617,94,20 (7) License renewal and reinstatement. (a) During the renewal period, a licensee may renew a license by submitting all of the following through the nationwide multistate licensing system and registry or in such other manner as directed by the division:

AB617,94,21 1. A renewal application, in a form and manner acceptable to the division.

AB617,94,22 2. The annual fee required to maintain the license, if applicable.

AB617,94,24 3. The bond or insurance information required to maintain the license, if applicable.

AB617,95,2 4. Certification of the completion of continuing education courses required to maintain the license, if applicable.

AB617,95,6 (b) During the reinstatement period, a licensee may reinstate a license by submitting all the items in par. (a) 1. to 4., plus an additional nonrefundable fee of $100, through the nationwide multistate licensing system and registry or in such other manner as directed by the division.

AB617,95,7 (c) After the reinstatement period, an expired license may not be reinstated.

AB617,95,9 (d) The division may deny an application to renew a license if any fact or condition exists that would warrant revocation or suspension of the license.

AB617,95,11 (e) The renewal term is for a period of one year, beginning January 1 of each year after the initial term.

AB617,95,16 (8) Annual reports and financial statements. (a) Applicability. Paragraphs (b) and (c) apply to licensees under ss. 138.09, 138.12, 138.14, 218.02, 218.04, and 218.05. Licensees under s. 218.0114, except for motor vehicle dealers within the meaning of s. 218.0101 (23), must submit financial statements under par. (c), but they are not required to submit annual reports under par. (b).