2023 Wisconsin Statutes & Annotations › Chapter 217 - Seller of checks. › 217.05 - Application and fees.

217.05
Application and fees.
(1)
Each application for a license shall be made in writing and under oath to the division and shall contain such information and be in such form as the division prescribes. The application shall state the full name and business address of:
(a)
The applicant, if the applicant is an individual.
(b)
Every member, if the applicant is a partnership, limited liability company or association.
(c)
Every trustee and officer if the applicant is a trust.
(d)
The corporation and each officer and director thereof, if the applicant is a corporation.
(1m)
(a)
In addition to the information required under sub. (1) and except as provided in par. (c), the application shall contain the following:
1.
If the applicant is an individual, the applicant's social security number.
2.
If the applicant is not an individual, the applicant's federal employer identification number.
(b)
The division may not disclose any information received under par. (a) to any person except as follows:
1.
The division may disclose information under par. (a) to the department of revenue for the sole purpose of requesting certifications under s. 73.0301 and to the department of workforce development for the sole purpose of requesting certifications under s. 108.227.
2.
The division may disclose information under par. (a) 1. to the department of children and families in accordance with a memorandum of understanding under s. 49.857.
(c)
1.
If an applicant who is an individual does not have a social security number, the applicant, as a condition of applying for or applying to renew a license, shall submit a statement made or subscribed under oath or affirmation to the division that the applicant does not have a social security number. The form of the statement shall be prescribed by the department of children and families.
2.
Notwithstanding s. 217.09 (7), any license issued or renewed in reliance upon a false statement submitted by an applicant under subd. 1. is invalid.
(5)
Each application for a license shall be accompanied by:
(a)
Financial statements. Financial statements reasonably satisfactory to the division.
(b)
Locations. A list of the locations in this state at which the applicant or its authorized agents, listing them by name, is engaged or proposes to engage in the business of selling checks but such list shall not be required of an applicant which tenders the maximum license fee and agrees to file or deposit, and does file or deposit, a bond or securities in the maximum sum of $300,000 as provided in s. 217.06.
(c)
Investigation fee. A nonrefundable fee of $300 to the division for investigating the application. If the cost of the investigation exceeds $300, the applicant shall, upon demand of the division, pay the excess cost. No investigation fee shall be required for renewal of a license.
(d)
License fee. An annual license fee of $500 plus $5 for each location within this state at which a licensee sells or issues checks, with a maximum annual fee of $1,500.
History:  1993 a. 112; 1995 a. 27; 1997 a. 191, 237; 1999 a. 9, 32; 2007 a. 20; 2013 a. 36.