Wisconsin Administrative Code › Department of Transportation › Chapter Trans 148 - Electronic recording and release of liens by non-individual creditors › Section Trans 148.07 - Fees

Current through June 24, 2024
(1) FEES PAID TO SECURED PARTIES BY
			 CONSUMERS. A secured party may charge the vehicle owner the security interest
			 filing and release fee under s.
			 342.14(2),
			 Stats. A secured party may charge the vehicle owner a fee to cover transaction
			 processing fees the secured party is required to pay to the department to the
			 extent allowed in this section.
(2)
			 FEES PAID BY SECURED PARTIES TO THE DEPARTMENT.
(a) Any secured party who is not required to
			 file security interest statements electronically under s.
			 Trans
			 148.06(1) (a) shall pay the
			 department a fee of $5.00 for each security interest statement filing
			 transaction that the department processes on behalf of the secured party. If an
			 exempt secured party who is not required to file security interest statements
			 electronically under s.
			 Trans
			 148.06(1) (a) submits to DMV an
			 application to be processed by DMV through a customer service center, the
			 secured party shall pay the department the $5.00 fee per filing transaction, in
			 addition to the counter service fee and any other required fees. The secured
			 party may charge the vehicle owner a fee to cover the fee that the secured
			 party is required to pay the department.
(b) Any secured party who is not authorized
			 to file security interest statements electronically under s.
			 Trans
			 148.06(1) (b) shall pay the
			 department a fee for each security interest statement filing transaction that
			 the department processes on behalf of the secured party. The fee consists of
			 all of the following:
1. A fee of $5.00 per
			 transaction to process the transaction. The secured party may charge the
			 vehicle owner a fee not to exceed $5.00.
2. A surcharge of $20.00 per transaction. The
			 secured party may not charge this surcharge to the vehicle owner.
(c) Any secured party who is
			 required to but fails to file security interest statements electronically as
			 required under s.
			 Trans
			 148.03 shall pay the department a fee for each
			 security interest statement filing transaction that the department processes on
			 behalf of the secured party. The fee consists of the following:
1. A fee of $5.00 per transaction to process
			 the transaction. The secured party may charge the vehicle owner a fee not to
			 exceed $5.00.
2. A surcharge of
			 $20.00 per transaction. The secured party may not charge this surcharge to the
			 vehicle owner.
(d) In
			 addition to the fee and the surcharge that a secured party must pay to DMV
			 under par. (b) or (c), the department may notify the department of financial
			 institutions to consider disciplinary actions against the secured party. If a
			 secured party described in par. (b) or (c) submits to DMV an application to be
			 processed by DMV through a customer service center, the secured party shall pay
			 the department the $5.00 transaction fee and the $20.00 surcharge, in addition
			 to the counter service fee and any other required fees.