reglab/housing_qa huggingface dataset:
WI Stat § 126.27 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.27 - Grain warehouse keepers; insurance.

126.27  Grain warehouse keepers; insurance. (1) Fire and extended coverage insurance. A grain warehouse keeper licensed under s. 126.26 (1) shall maintain fire and extended coverage insurance, issued by an insurance company authorized to do business in this state, that covers all grain in the custody of the grain warehouse keeper, whether owned by the grain warehouse keeper or held for others, at the full local market value of the grain. (2)  Insurance cancellation; replacement.  (a) No person may cancel an insurance policy required under sub. (1) unless that person serves a written notice of the intended cancellation on the department at least 30 days before the cancellation takes effect.(b) Whenever an insurance policy under sub. (1) is canceled, the grain warehouse keeper shall replace the policy so that there is no lapse in coverage. Within 20 days after a cancellation notice under par. (a) is served on the department, and at least 10 days before the cancellation takes effect, the grain warehouse keeper shall provide the department with proof of the replacement policy. The department may accept, as proof, a certification provided by an insurance company licensed to do business in this state. (3)  Insurance deductibles. An insurance policy does not comply with sub. (1) if it contains any deductible clause that limits the insurer's obligation to pay to each depositor the full value of the depositor's covered losses under the policy. The grain warehouse keeper may agree to indemnify the insurer for a portion of each depositor claim that the insurer pays under the policy if the agreement does not limit the insurer's obligation to pay each depositor the full amount of the depositor's covered losses. (4)  Insurance disclosures. A grain warehouse keeper licensed under s. 126.26 (1) shall disclose all of the following to a depositor if the depositor requests that information:(a) The material terms of the grain warehouse keeper's fire and extended coverage insurance policy under sub. (1).(b) Whether the grain warehouse keeper has liability insurance covering the grain warehouse keeper's grain operations, and the material terms of that liability insurance policy. (5)  Insurance coverage; misrepresentation. No grain warehouse keeper may misrepresent any of the following to the department or a depositor:(a) That the grain warehouse keeper is insured.(b) The nature, coverage, or material terms of the grain warehouse keeper's insurance policy.History:  2001 a. 16.
WI Stat § 126.29 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.29 - Contributing grain warehouse keepers; disqualification.

126.29  Contributing grain warehouse keepers; disqualification. (1) Contribution required. A grain warehouse keeper licensed under s. 126.26 (1) shall pay fund assessments under s. 126.30 unless the grain warehouse keeper is disqualified under sub. (2). (2)  Disqualified warehouse keeper.  (a) A grain warehouse keeper who is required to file security under s. 126.31 (1) (a) is disqualified from the fund until the department releases that security under s. 126.31 (8) (a).(b) A grain warehouse keeper is disqualified from the fund if the department denies, suspends, or revokes the grain warehouse keeper's license. (3)  Payments by disqualified grain warehouse keeper.  (a) The department may not return, to a disqualified grain warehouse keeper, any fund assessments that the warehouse keeper paid as a contributing grain warehouse keeper.(b) A disqualified grain warehouse keeper remains liable for any unpaid fund installment under s. 126.30 that became due while the grain warehouse keeper was a contributing grain warehouse keeper. A disqualified grain warehouse keeper is not liable for any fund installment that becomes due after the grain warehouse keeper is disqualified under sub. (2).History:  2001 a. 16; 2003 a. 38.
WI Stat § 126.33 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.33 - Receipts for grain.

126.33  Receipts for grain. (1) Requirement. Immediately after a grain warehouse keeper receives grain from a depositor, the grain warehouse keeper shall give the depositor a warehouse receipt or other storage receipt that includes all of the following:(a) The name and permanent address of the grain warehouse keeper, the location of the grain warehouse, and a statement indicating whether the grain warehouse keeper is a corporation.(b) A statement identifying the document as a warehouse receipt or other storage receipt.(c) The date on which the grain warehouse keeper received the grain.(d) The kind of grain received.(e) The net weight of grain received.(f) The grade and quality of grain received, if determined.(g) The word “negotiable" or “nonnegotiable," conspicuously, if the document is issued as a warehouse receipt. If a grain warehouse keeper transfers depositor-owned grain to another warehouse keeper, the receiving grain warehouse keeper shall issue a receipt that conspicuously bears the word “nonnegotiable."(h) A statement indicating that the depositor must remove the grain from storage by a specified date that is not more than 3 years after the date of deposit. This requirement does not apply to any of the following:1. A warehouse receipt.2. A receipt for grain owned by the federal commodity credit corporation.3. A receipt for grain pledged as collateral for a loan from the federal department of agriculture. (2)  Grain ownership. If a person delivers grain to a recipient who is both a grain warehouse keeper and a grain dealer, as defined in s. 126.10 (9), the delivery is considered a deposit for storage unless it is clearly documented as a delivery of purchased grain. A receipt issued by such a recipient is considered a storage receipt unless it is clearly designated as a receipt for the delivery of purchased grain. (3)  Warehouse keeper's copy. A grain warehouse keeper shall keep a copy of every warehouse receipt and other document that the grain warehouse keeper issues under sub. (1). The grain warehouse keeper shall retain a copy of each document for at least 6 years after the grain warehouse keeper issues the document and shall make copies available to the department for inspection and copying upon request.History:  2001 a. 16.
WI Stat § 126.34 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.34 - Grain warehouse keepers; business practices.

126.34  Grain warehouse keepers; business practices. (1) Grain weight, grade, and quality. A grain warehouse keeper shall do all of the following when determining the weight, grade, or quality of grain:(a) Accurately determine the weight, grade, or quality using accurate weighing, testing, or grading equipment.(b) Accurately record the determined weight, grade, or quality. (2)  Care of grain; facilities. A grain warehouse keeper shall safeguard grain held for others and shall protect that grain from loss or abnormal deterioration. A grain warehouse keeper shall maintain adequate facilities and equipment for that purpose. (3)  Sufficient inventory. A grain warehouse keeper shall at all times maintain grain inventories sufficient in quantity and quality to meet all outstanding obligations to depositors. (4)  Returning grain to depositors.  (a) Except as provided in par. (b), a grain warehouse keeper shall deliver to a depositor, upon demand, the same grade and amount of grain as was deposited.(b) If a grain warehouse keeper does not have enough grain of the appropriate grade to satisfy a depositor's demand under par. (a), the warehouse keeper may substitute any of the following with the agreement of the depositor:1. A monetary payment sufficient to provide the depositor with equivalent value, based on current local grain prices.2. A sufficient amount of a higher grade of grain to provide the depositor with equivalent value, based on current local grain prices.(c) A grain warehouse keeper may not provide grain or payments under par. (b) whose value exceeds the current value of the grain that was deposited. (5)  Prohibited practices. No grain warehouse keeper, or officer, employee, or agent of a grain warehouse keeper, may do any of the following:(a) Misrepresent the weight, grade, or quality of depositor grain received from or delivered to any person.(b) Falsify any record or account, or conspire with any other person to falsify a record or account.(c) Make any false or misleading representation to the department.(d) If the grain warehouse keeper is licensed under s. 126.26 (1), engage in any activity that is inconsistent with representations made in the grain warehouse keeper's annual license application.(e) Make any false or misleading representation to a depositor related to matters regulated under this chapter.(f) Fail to file the full amount of security required under s. 126.31 (6) by the date that the department specifies.(g) Assault, threaten, intimidate, or otherwise interfere with an officer, employee, or agent of the department in the performance of his or her duties.History:  2001 a. 16; 2009 a. 296.
WI Stat § 126.42 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.42 - Milk contractors; monthly license fee.

126.42  Milk contractors; monthly license fee. (1) Monthly license fee payment. Except as provided under sub. (5) or (6), a milk contractor licensed under s. 126.41 (1) shall pay to the department, by the 25th day of each month, a monthly license fee of 0.15 cent for each 100 pounds of producer milk that the milk contractor procured in this state during the preceding month. The milk contractor shall submit, with the fee payment, a report stating the number of pounds of producer milk that the milk contractor procured in this state during the preceding month. (2)  Late payment surcharge. If a milk contractor fails to pay a monthly fee under sub. (1) when due, the milk contractor shall pay, in addition to that monthly fee, a surcharge equal to 20 percent of the monthly fee. The milk contractor shall pay the surcharge by the 25th day of the following month. (3)  Fee credits. If the balance in the fund contributed by milk contractors exceeds $4,000,000 on February 28 of any license year, the department shall credit 50 percent of the excess amount against fees charged under sub. (1) to contributing milk contractors who file timely renewal applications for the next license year. The department shall credit each contributing milk contractor on a prorated basis, in proportion to the total fees that the milk contractor has paid under sub. (1) for the 4 preceding license years. Each month that a contributing contractor who qualifies for a credit under this subsection pays fees under sub. (1), the department shall credit to the contributing milk contractor one-twelfth of the total annual credit determined under this subsection. (4)  Fee statement. Whenever the department issues an annual license to a milk contractor under s. 126.41 (1), the department shall give the milk contractor notice of the monthly fees required under this section. The department shall specify all of the following:(a) The method for computing the monthly fee.(b) The date by which the milk contractor must pay the fee each month.(c) The late payment surcharge that may apply under sub. (2).(d) The fee credit, if any, that applies under sub. (3). (5)  Producer agents; exemption. A producer agent is not required to pay the monthly fee under sub. (1) for producer milk that the producer agent markets to a milk contractor who is licensed under s. 126.41 (1) and who pays the monthly fee on the same milk. (6)  Fee changes. The department may modify the license fees under sub. (1) by rule.History:  2001 a. 16; 2009 a. 296.
WI Stat § 126.43 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.43 - Milk contractors; insurance.

126.43  Milk contractors; insurance. (1) Fire and extended coverage insurance. A milk contractor licensed under s. 126.41 (1) shall maintain fire and extended coverage insurance that covers, at their full value, all milk and milk products in the possession, custody, or control of the milk contractor. If the milk contractor is required to be licensed under s. 126.41 (1) (a), the milk contractor shall maintain insurance issued by an insurance company authorized to do business in this state. (2)  Insurance cancellation; replacement. Whenever an insurance policy under sub. (1) is canceled, the milk contractor shall replace the policy so that there is no lapse in coverage. (3)  Insurance coverage; misrepresentation. No milk contractor may misrepresent any of the following to the department or to any milk producer or producer agent:(a) That the milk contractor is insured.(b) The nature, coverage, or material terms of the milk contractor's insurance policy.History:  2001 a. 16.
WI Stat § 126.45 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.45 - Contributing milk contractors; disqualification.

126.45  Contributing milk contractors; disqualification. (1) Required contributors.  (a) Except as provided in sub. (3), a licensed milk contractor shall pay fund assessments under s. 126.46 if the milk contractor does not file annual and quarterly financial statements under s. 126.44.(b) Except as provided in sub. (3), a licensed milk contractor shall pay fund assessments under s. 126.46 if the milk contractor files an annual, quarterly, or interim financial statement under s. 126.44 that shows a current ratio of less than 1.25 to 1.0, a debt to equity ratio of more than 2.0 to 1.0, or negative equity. The milk contractor shall continue to pay fund assessments until the milk contractor files 2 consecutive annual financial statements under s. 126.44 that show a current ratio of at least 1.25 to 1.0, positive equity, and a debt to equity ratio of not more than 2.0 to 1.0. (2)  Voluntary contributors. Except as provided in sub. (3), a licensed milk contractor who is not required to pay fund assessments under s. 126.46 may elect to do so. (3)  Disqualified contractors. (a) A milk contractor who is required to file security under s. 126.47 (1) (a) is disqualified from the fund until the department releases that security under s. 126.47 (7) (a).(b) A milk contractor is disqualified from the fund if the department does any of the following:1. Denies, suspends, or revokes the milk contractor's license.2. Issues an order under s. 126.85 disqualifying the milk contractor from the fund. (4)  Effect of disqualification.  (a) A milk contractor disqualified under sub. (3) (b) 2. may not engage in any activities for which a license is required under s. 126.41 (1) (a) if the milk contractor files an annual, quarterly, or interim financial statement under s. 126.44 that shows a current ratio of less than 1.25 to 1.0, a debt to equity ratio of more than 2.0 to 1.0, or negative equity.(b) The department may not return, to a disqualified milk contractor, any fund assessments that the milk contractor paid as a contributing milk contractor.(c) A disqualified milk contractor remains liable for any unpaid fund installment under s. 126.46 that became due while the milk contractor was a contributing milk contractor. A disqualified milk contractor is not liable for any fund installment that becomes due after the milk contractor is disqualified under sub. (3). (5)  Notice to producers. A milk contractor who is disqualified under sub. (3) shall immediately give written notice of the disqualification to all milk producers and producer agents to whom the milk contractor has unpaid milk payment obligations. The department may by rule or order specify the form and content of the notice.History:  2001 a. 16; 2003 a. 38; 2009 a. 296.
WI Stat § 126.46 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.46 - Contributing milk contractors; fund assessments.

126.46  Contributing milk contractors; fund assessments. (1) General. A contributing milk contractor shall pay an annual fund assessment for each license year, including an assessment for deferred payment contracts entered into under s. 126.485, in the amount specified by the department by rule. (5m)  Reduced assessment for certain milk contractors filing security. If a contributing milk contractor files security under s. 126.47 (1) (b), the contributing milk contractor's fund assessment is the amount specified under sub. (1) reduced by an amount determined as follows:(a) Divide the amount of security that the milk contractor is required to file under s. 126.47 (3) (b) by the amount of the milk contractor's estimated default exposure.(b) Multiply the amount specified under sub. (1) by the amount determined under par. (a). (6)  Quarterly installments. (a) A contributing milk contractor shall pay the milk contractor's annual fund assessment in equal quarterly installments that are due as follows:1. The first installment is due on June 1 of the license year.2. The 2nd installment is due on September 1 of the license year.3. The 3rd installment is due on December 1 of the license year.4. The 4th installment is due on March 1 of the license year.(b) A contributing milk contractor may prepay any of the quarterly installments under par. (a).(c) A contributing milk contractor who applies for an annual license after the beginning of a license year shall pay the full annual fund assessment required under this section. The milk contractor shall pay, with the first quarterly installment that becomes due after the day on which the department issues the license, all of the quarterly installments for that license year that were due before that day.(d) If s. 126.45 (1) (b) requires a licensed milk contractor to become a contributing milk contractor during the license year, the milk contractor shall pay only those quarterly installments that become due after the requirement takes effect.(e) A contributing milk contractor who fails to pay the full amount of any quarterly installment when due shall pay, in addition to that installment, a late payment penalty of $50 or 10 percent of the overdue installment amount, whichever is greater. (7)  Notice of annual assessment and quarterly installments. When the department issues an annual license to a contributing milk contractor, the department shall notify the milk contractor of all of the following:(a) The amount of the milk contractor's annual fund assessment under this section.(b) The amount of each required quarterly installment under sub. (6) and the date by which the milk contractor must pay each installment.(c) The penalty that applies under sub. (6) (e) if the milk contractor fails to pay any quarterly installment when due.History:  2001 a. 16; 2003 a. 38; 2009 a. 296; 2017 a. 155.
WI Stat § 126.48 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.48 - Milk contractors; payments to producers.

126.48  Milk contractors; payments to producers. (1) First monthly payment. Except as provided under the terms of a deferred payment contract that satisfies the requirements under s. 126.485, by the 4th day of each month, a milk contractor shall pay for producer milk received during the first 15 days of the preceding month. The milk contractor shall base the payment on an estimated price that is at least 80 percent of the class III price published by the regional federal milk market administrator for the month preceding the month in which the milk is received, or 80 percent of the contract price, whichever is greater. (2)  Second monthly payment. Except as provided under the terms of a deferred payment contract that satisfies the requirements under s. 126.485, by the 19th day of each month, a milk contractor shall pay the balance due for producer milk received during the preceding month.History:  2001 a. 16; 2017 a. 155.
WI Stat § 126.485 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.485 - Milk contractors; deferred payment contracts.

126.485  Milk contractors; deferred payment contracts. (1) Contract in writing. A milk contractor may not procure milk from any milk producer or producer agent under a deferred payment contract before the contract is reduced to writing and signed by the parties. The milk contractor shall provide a copy of the signed contract to the other party. (2)  Contents of contract. A milk contractor may not enter into a deferred payment contract unless the deferred payment contract includes all of the following:(a) A unique contract identification number.(b) The specific payments required under s. 126.48 (1) or (2), or portion thereof, that are deferred under the contract.(c) The date by which the milk contractor agrees to make full payment for the milk.(d) The milk contractor's permanent business location.(e) A statement in clear and conspicuous print immediately above the contract signature line stating: “The milk contractor (buyer) becomes the owner of any milk that the producer or producer agent (seller) delivers to the milk contractor under this contract. The producer or producer agent relinquishes ownership and control of the milk, and may become an unsecured creditor pending payment.”(f) A statement that the milk contractor deducts the deferred payment contract assessment established by the department by rule under s. 126.46 (1) from the amount paid to a milk producer or producer agent under a deferred payment contract.(g) Other information required under this section by the department. (3)  Rule making. The department may promulgate rules to modify the requirements for the contents of deferred payment contracts under sub. (2). (4)  Payment due dates. (a) The due date by which a milk contractor agrees to make full payment for milk under a deferred payment contract may not be more than 120 days after the date on which the milk contractor's payments would have been due under s. 126.48 (2).(b) A milk contractor shall make full payment under a deferred payment contract by the due date specified in the contract under sub. (2) (c), or if the parties agree by another date that satisfies par. (a). (5)  Deferred payment contract assessment. From the amount that a milk contractor pays to a milk producer or producer agent under a deferred payment contract, the milk contractor shall deduct a deferred payment contract assessment. The assessment shall equal the total amount owed under the contract before the assessment is deducted, multiplied by the deferred payment assessment rate that applies under s. 126.46 (1) when the contract is made. The milk contractor shall disclose the assessment amount.History:  2017 a. 155.
WI Stat § 126.487 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 126 - Agricultural producer security.|126.487 - Payment explanation.

126.487  Payment explanation. The department may, by rule, require a milk contractor to provide a milk producer or producer agent with a written explanation of each payment under s. 126.48 or of each deferred payment under s. 126.485. The department may specify the content of the explanation, including information related to any of the following: (1) Milk contractor identification. (2) Milk producer or producer agent identification. (3) Pay period. (4) Volume of milk received. (5) Grade of milk. (6) Milk test results. (7) Milk price and adjustments. (8) Gross amount due. (9) Average gross pay per hundredweight less hauling charges. (10) Net amount due. (11) Deductions and assignments.History:  2017 a. 155, s. 65; 2017 Stats. s. 126.487.