reglab/statecodes huggingface dataset:
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 77 - Pawnbrokers › Section DFI-Bkg 77.09 - Prohibited practices

Current through June 24, 2024
A pawnbroker may not do any of the following:
(1) Accept a pledge of a vehicle of a type
				for which a certificate of title is required.
(2) Fail to exercise reasonable care to
				protect pledged goods from loss or damage.
(3) Fail to return pledged goods to a pledgor
				or seller when the pledgor or seller pays the full amount due the pawnbroker
				within 30 days of the original or extended maturity date of the loan, unless
				the pledged goods have been taken into custody by a court or local, state, or
				federal law enforcement agency.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 77 - Pawnbrokers › Section DFI-Bkg 77.10 - Lost or damaged goods

Current through June 24, 2024
A pawnbroker shall compensate the pledgor, in cash or
				  replacement goods acceptable to the pledgor, for the fair market value of a
				  pledge lost or damaged while in possession of the pawnbroker.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 78 - Title Loans › Section DFI-Bkg 78.02 - Definitions

Current through June 24, 2024
In this chapter:
(1)
				"Division" means the division of banking.
(2) " Licensed lender" means a person
				licensed under s. 138.09, Stats.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 78 - Title Loans › Section DFI-Bkg 78.03 - Determining retail value of motor vehicle

Current through June 24, 2024
(1) A licensed
				lender shall use any of the following nationally recognized vehicle valuation
				guides to determine the retail value of a motor vehicle at the time of loan
				origination:
(a) Black Book.
(b) National Automobile Dealers
				Association.
(c) Kelley Blue
				Book.
(d) Other nationally
				recognized vehicle valuation guides as approved in writing by the
				division.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 78 - Title Loans › Section DFI-Bkg 78.04 - Records

Current through June 24, 2024
Documentation detailing how the retail value of the motor
				  vehicle was determined shall be retained by the licensed lender in the
				  customer's file.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 79 - Sellers Of Checks › Section DFI-Bkg 79.01 - Definitions

Current through June 24, 2024
In this chapter:
(1)
				"Applicant" means an applicant for a license under ch. 217, Stats.
(2) "Division" means the division of
				banking.
(3) "Licensee" means a
				holder of a license issued under ch. 217, Stats.
(4) "Nationwide multistate licensing system
				and registry" or "NMLS" 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.
(5)
				"Reinstatement period" means the period beginning January 1 and ending on the
				last day of February, or such other period prescribed by the
				division.
(6) "Renewal period"
				means the period beginning November 1 and ending December 31, or such other
				period prescribed by the division.
(7) "Unique identifier" means a number or
				other identifier assigned by protocols established by the NMLS.
This section is created eff. 9-1-23 by CR
					 22-020.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 79 - Sellers Of Checks › Section DFI-Bkg 79.02 - Nationwide Multistate Licensing System and Registry

Current through June 24, 2024
(1) PARTICIPATION.
(a) The division shall utilize the NMLS with
				respect to applicants and licensees. The division may establish relationships
				or contracts with the NMLS or other entities designated by the NMLS to collect
				and maintain records and process transaction fees or other fees. With respect
				to any form, fee, or other information required to be submitted to the division
				by an applicant or licensee, the division may require the applicant or licensee
				to submit such form, fee, or other information directly to the NMLS.
(b) Each applicant and licensee shall
				register with, and maintain a valid unique identifier issued by, the
				NMLS.
(c) The division may require
				an applicant or licensee to provide to the NMLS any information that the
				division determines to be relevant to the application or to any responsibility
				administered or conducted through the NMLS that is related to the licensed
				activity.
(d) 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 sub. (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.
(e) The division may rely on the NMLS to
				establish any dates relating to application or reporting deadlines for
				applicants and licensees, to establish requirements for amending or
				surrendering licenses, or to establish any other requirements applicable to
				applicants and licensees to the extent the requirements are a condition of the
				state's participation in the NMLS.
(f) Applicants and licensees are responsible
				for any service, access, or other fees charged by the NMLS for use of the
				system. Whenever the division requires fingerprinting, an independent credit
				report from a consumer reporting agency, an investigative background report
				prepared by an independent search firm, or any other information in connection
				with an application or other filing, any associated costs shall be paid by the
				applicant or the parties to the application.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 79 - Sellers Of Checks › Section DFI-Bkg 79.03 - Changes to information

Current through June 24, 2024
A licensee shall keep current and accurate all material
				  information on file with the division and the NMLS. If the information changes
				  in any material respect, the licensee shall notify the division and the NMLS of
				  the change within 10 days after the change.
This section is created eff. 9-1-23 by CR
					 22-020.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-Bkg 1-78 - Department of Financial Institutions-Banking › Chapter DFI-Bkg 79 - Sellers Of Checks › Section DFI-Bkg 79.04 - License renewal and reinstatement

Current through June 24, 2024
(1) During the
				renewal period, a licensee may seek to renew a license by submitting all fees
				owed to the division or the NMLS, along with any additional documentation
				required by the division or applicable law, through the NMLS or in such other
				manner as directed by the division.
(2) During the reinstatement period, a
				licensee may reinstate a license by submitting all the items in sub. (1), plus
				an additional non-refundable fee of $100, through the NMLS or in such other
				manner as directed by the division.
This section is created eff. 9-1-23 by CR
					 22-020.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.01 - Purpose and analysis

Current through June 24, 2024
This chapter establishes the procedures, standards and
				  eligibility requirements for investment in accounts under the Wisconsin college
				  savings program, into which a participant may invest funds to be used by
				  individual beneficiaries to pay the cost of attendance at an institution of
				  higher education. The Wisconsin college savings program is established as a
				  qualified tuition program pursuant to section 529 of the internal revenue code,
				  and is administered by the department.
The application form referenced in s. DFI-CSP 1.04 (1) and
					 the distribution request form referenced in s. DFI-CSP 1.11 (2) are available
					 on the Wisconsin College Savings Program website at:
www.edvest.com
, or by writing to: EdVest,
					 P.O. Box 7864, Madison, WI 53707-7864.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.02 - Definitions

Current through June 24, 2024
In this chapter:
(1) "Account" means a formal record of
				transactions maintained for a particular designated beneficiary to meet
				qualified higher education expenses under the program.
(2) "Account owner" has the meaning set forth
				in s.
				224.50(1)
				(a), Stats.
(3) "Board" means the Wisconsin college
				savings program board.
(4) "Cash"
				includes checks, money orders, wire transfers, or electronic funds transfers
				through payroll deduction, automatic contribution plans or similar methods, but
				does not include currency.
(5)
				"Contribution" means any payment directly allocated to an account for the
				benefit of a designated beneficiary or that is used to pay administrative or
				other fees associated with the account.
(6) "Department" means the Wisconsin
				department of financial institutions.
(7) "Designated beneficiary" has the meaning
				found in section 529 (e) (1) of the internal revenue code.
(8) "Eligible educational institution" has
				the meaning found in section 529 (e) (5) of the internal revenue
				code.
(9) "Maximum contribution
				limit" is the sum total market value amount established by the board that may
				be accumulated in the accounts of a designated beneficiary to meet qualified
				higher education expenses.
(10)
				"Member of the family" has the meaning found in section 529 (e)(2) of the
				internal revenue code.
(11)
				"Non-qualified distribution" means any distribution of funds from an account
				that is not a qualified distribution.
(12) "Person" includes an individual, a
				trust, or a body corporate or politic.
(13) "Program" means the qualified tuition
				program established under s.
				224.50,
				Stats.
(14) "Program description
				and participation agreement" means the contract between an account owner and
				the board setting forth the terms and conditions under which the account owner
				participates in the program.
(15)
				"Program manager" means the entity under contract with the department to serve
				as the program administrator, marketing agent and investment manager of the
				program.
(16) "Qualified
				distribution" means any distribution of funds, as defined in section 529 of the
				internal revenue code, for qualified higher education expenses from an account
				pursuant to a distribution request from the account owner.
(17) "Qualified higher education expenses"
				includes any expense treated as a "qualified higher education expense" under
				section 529 of the internal revenue code.
(18) "Qualified tuition program" means a
				savings program to help defray the cost of college expenses under section 529
				of the internal revenue code.
(19)
				"Rollover contribution" means the transfer of all or part of an account from
				one qualified tuition program account to another qualified tuition program
				account.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.03 - Account owner eligibility

Current through June 24, 2024
Any person legally able to contract under applicable state
				  law is eligible to establish an account for the benefit of a designated
				  individual. To the extent permitted by section 529 of the internal revenue
				  code, there may be more than one account owner per account
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.04 - Opening an account

Current through June 24, 2024
(1) To open an account, an applicant shall
				submit a properly completed and signed application, which incorporates the
				program description and participation agreement, to the program manager. A
				contribution may be made as provided in s. DFI-CSP 1.09 or by any alternate
				method established by the board or the program manager
(2) An applicant shall select an available
				investment option in which all contributions to the account shall be invested.
				After an account has been opened, the investment option selected may only be
				changed as permitted under section 529 of the internal revenue code and any
				regulations issued thereunder.
(3)
				The participation agreement shall be accompanied by a program description
				supplied by the program manager disclosing the program characteristics,
				including the investment options, investment risks, program fees, and other
				information as determined by the board and the program manager.
(4) Acceptance by the program manager of
				application materials, the initial contribution, or selection of contribution
				method for processing shall not be deemed an agreement to open an
				account.
(5) The program manager
				shall accept applications to open accounts and accept subsequent contributions
				for a designated beneficiary in the order they are received, up to the maximum
				contribution limit.
(6) Upon
				determining that an application has met all the requirements for opening an
				account, the program manager shall notify the applicant in writing that an
				account has been established.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.05 - Refusal to open an account

Current through June 24, 2024
The program manager or the board may refuse to open an
				  account for any of the following reasons:
(1) The applicant is not an eligible account
				owner.
(2) The applicant has not
				provided all of the information required in the application.
(3) The maximum contribution level for the
				proposed designated beneficiary has already been met.
(4) The execution of a participation
				agreement violates any federal or state law.
(5) The board determines that the number of
				accounts in the program should be limited.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.06 - Change of account ownership

Current through June 24, 2024
(1) An account
				owner may designate a successor who shall become the new account owner
				automatically upon the death of the account owner. This designation may be made
				at any time by submitting a written designation of the successor to the program
				manager containing the information set forth in the account change request
				form. Designation of a successor shall be effective upon registration in the
				records of the program manager
(2)
				If a change in the ownership of an account is required by a court order
				directing such change, or by an affidavit or declaration that is recognized
				under applicable law as requiring transfer of ownership upon death without a
				court order, such change shall be effective upon receipt by the program manager
				of such information unless otherwise required by law.
(3) Any other request to transfer ownership
				to a new account owner shall be made by submitting to the program manager a
				written designation of a new account owner containing the information set forth
				in the program description and participation agreement. Transfer of ownership
				shall not be effective until registered in the records of the program
				manager.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.07 - Designated beneficiary

Current through June 24, 2024
Any individual regardless of age or relationship to the
				  account owner, including the account owner, may be a designated beneficiary
				  under the program. There shall be only one designated beneficiary per account.
				  Subject to the maximum contribution level, any number of accounts may be opened
				  for a single designated beneficiary.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.08 - Change of designated beneficiary

Current through June 24, 2024
(1) Only an account
				owner may change the designated beneficiary of an account. The designated
				beneficiary may only be changed to a member of the family of that designated
				beneficiary.
(2) To change a
				designated beneficiary, the account owner shall submit a written request to the
				program manager containing all the information set forth in the program
				description and participation agreement.
(3) Upon receipt of the written request, the
				program manager shall register the information regarding the newly designated
				beneficiary in the records of the program. The change of the designated
				beneficiary shall be effective upon registration.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.09 - Contributions

Current through June 24, 2024
(1) Cash contributions. Any person may make a
				contribution to an account of a designated beneficiary. Contributions shall be
				made only in cash
(2) Maximum
				contribution limit. Contributions to the accounts established for a designated
				beneficiary shall not, in the aggregate, exceed that amount necessary to
				provide for the qualified higher education expenses of the designated
				beneficiary. The board shall establish from time to time the maximum amount
				that may be contributed in the aggregate to the accounts of an individual
				designated beneficiary. Contributions in excess of that limit shall not be
				accepted and shall be returned to the contributor.
(3) Minimum contribution limit. The minimum
				amount contributed at the time an account is opened under s. DFI-CSP 1.04, and
				the minimum amount of any additional contribution to be made to an account
				shall be established from time to time by the board and set forth in the
				program description and participation agreement.
(4) Rollover contributions. Rollovers from
				another state's qualified tuition program are permitted to the extent allowed
				by that state's program and by section 529 of the internal revenue code. When
				making a rollover contribution, the account owner shall complete the forms and
				make such disclosures of financial information as set forth in the program
				description and participation agreement. If the rollover distribution deposited
				in the program account would cause the total account balance of all accounts
				for that designated beneficiary to exceed the maximum contribution limit, the
				program manager shall refuse the excess funds.
(5) Investment direction prohibition. Except
				as permitted under section 529 of the internal revenue code and any regulations
				issued thereunder, no person contributing to an account may direct the
				investment or investment earnings of any contribution of an account.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.10 - Separate accounting

Current through June 24, 2024
Separate records and accounting shall be maintained for each
				  account established under the program. The program manager shall issue reports
				  to each account owner at least annually.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.11 - General distributions

Current through June 24, 2024
(1) Calculating earnings on multiple
				accounts. If an individual is the designated beneficiary of more than one
				account, all contributions and earnings with respect to those accounts shall be
				treated in a manner consistent with the requirements of section 529 of the
				internal revenue service for purposes of calculating the earnings portions of
				any distribution with respect to that designated beneficiary.
(2) Distribution requests. An account owner
				may request a distribution of funds by submitting to the program manager at
				least three business days prior to the date of the requested distribution a
				completed distribution request form. Upon receipt, the program manager shall
				commence processing properly completed distribution request forms as soon as
				practicable.
(3) Distribution
				limitation. A designated beneficiary may not authorize distribution or
				withdrawal of account funds.
(4)
				Nonqualified distribution. A distribution of funds from an account for any use
				other than qualified higher education expenses for the designated beneficiary
				constitutes a nonqualified distribution and may be subject to the additional
				tax imposed by section 529 (c)(6) of the internal revenue code.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.12 - Refund of qualified distribution payment

Current through June 24, 2024
An eligible educational institution that owes a full or
				  partial refund of a qualified distribution due to an overpayment of educational
				  expenses or for any other reason shall pay the refund in any manner permitted
				  by section 529 of the internal revenue code
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.13 - Account termination

Current through June 24, 2024
(1) The board shall determine the conditions
				under which an account may be terminated, including but not limited to the
				following:
(a) The account balance is below
				an established minimum.
(b) The
				account has been inactive for an established amount of time.
(c) Any portion of the account remains unused
				10 years after the anticipated academic year of the designated beneficiary's
				initial enrollment in an eligible educational institution.
(d) The account owner or the designated
				beneficiary provides false or misleading information to the board, the program
				manager, or an eligible educational institution.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.14 - Fees

Current through June 24, 2024
The board may charge account owners a fee for the
				  administrative expenses of the program. Fees shall be clearly identified in the
				  program description that accompanies the participation
				  agreement.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CSP 1 - Department of Financial Institutions-College Savings Program › Chapter DFI-CSP 1 - Wisconsin College Savings Program › Section DFI-CSP 1.15 - Penalties

Current through June 24, 2024
The board may impose penalties as necessary to maintain
				  eligibility as a qualified tuition program under section 529 of the internal
				  revenue code.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.02 - Place to file

Current through June 24, 2024
The filing office shall be the office for filing UCC
				  documents relating to all types of collateral except for timber to be cut,
				  as-extracted collateral as set forth in s.
				  409.102(1)
				  (bg), Stats., and, when the relevant
				  financing statement is filed as a fixture filing, goods which are or are to
				  become fixtures. Regardless of the nature of the collateral, the filing office
				  shall be the office for filing all UCC documents where the debtor is a
				  transmitting utility.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.03 - Filing office identification

Current through June 24, 2024
The filing office shall disseminate information of its
				  location, mailing address, telephone numbers, and its Internet and other
				  electronic addresses.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.04 - Electronic mail and facsimile

Current through June 24, 2024
(1) Except as
				authorized by the department, electronic mail shall not be used for filing UCC
				documents or for requesting searches of the records of financing
				statements.
(2) Facsimile shall not
				be used for filing UCC documents or for requesting searches of the records of
				financing statements.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.05 - Office hours

Current through June 24, 2024
Office hours shall be from 7:45 a.m. until 4:30 p.m. There
				  shall be no office hours on state legal holidays. The office shall receive
				  transmissions electronically 24 hours every day of the year, except for
				  scheduled maintenance and unscheduled interruptions of
				  service.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.06 - UCC document delivery

Current through June 24, 2024
UCC documents shall be tendered for filing at the filing
				  office by any of the following:
(1)
				When filed by personal or courier delivery at the filing office's street
				address, the file time shall be the time of delivery even though the UCC
				document may not yet have been accepted for filing and may subsequently be
				rejected. A UCC document delivered after regular business hours or on a day the
				filing office is not open for business shall have a filing time of the start of
				business on the next day the filing office is open for business.
(3) When filed by postal service delivery,
				the file time shall be the date and time of actual arrival in the filing
				office, even though the UCC document may not yet have been accepted for filing
				and may subsequently be rejected. A UCC document delivered after regular
				business hours or on a day the filing office is not open for business shall
				have a filing time of the start of business on the next day the filing office
				is open for business.
(4)
				ELECTRONIC FILING.
(a) When available, UCC
				documents may be transmitted electronically by any of the following:
1. Using the XML standard approved by the
				International Association of Corporation Administrators as described in ss.
				DFI-CCS 3.14 to
				3.20.
2. Transmitting a UCC document through data
				entry on the filing officer's Internet web page.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.07 - Search request delivery

Current through June 24, 2024
UCC search requests shall be delivered to the filing office
				  by any of the means set forth in s.
				  DFI-CCS
				  1.06.
Requirements concerning search requests are set forth in s.
					 DFI-CCS
					 5.02.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.08 - Approved forms

Current through June 24, 2024
The forms prescribed by s.
				  409.521,
				  Stats. shall be accepted by the filing office. Forms approved by the
				  International Association of Corporate Administrators and forms approved by the
				  department shall be accepted. When filing a correction statement, the "UCC
				  correction statement" form, UCC-5, shall be used. Other forms shall not be
				  accepted by the filing office.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.09 - Form - UCC search

Current through June 24, 2024
A form that meets the requirements regarding dimensions and
				  location of information on the search form approved by the department or that
				  is transmitted electronically in accordance with chs.
				  DFI-CCS 1 to 6 shall be
				  acceptable. Other forms shall not be accepted by the filing
				  office.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.10 - Fees

Current through June 24, 2024
(1) FILING FEES. The following fees shall be
				paid for UCC filings:
(a) For filing and
				indexing a UCC standard filing communicated on paper or in a paper-based format
				on the standard form, $20.00.
(b)
				For filing and indexing a UCC non-standard filing communicated on paper or in a
				paper based format as defined in s.
				DFI-CCS 1.01 (20)
				(a), $40.00.
(c) For filing and indexing a UCC
				non-standard filing communicated on paper or in a paper based format as defined
				in s.
				DFI-CCS 1.01 (20)
				(b), $60.00.
(d) For filing and indexing a UCC
				non-standard filing communicated on paper or in a paper based format as defined
				in s.
				DFI-CCS 1.01 (20)
				(c), $80.00.
(e) For filing and indexing a UCC document
				communicated by an authorized medium which is other than on paper or in a
				paper-based format, $10.00.
(f) For
				filing and indexing federal tax liens under s.
				779.97, Stats., the fee
				specified in s. 779.97 (5),
				Stats.
(g) This section shall not
				apply to fees charged by a filing office described in s.
				409.501 (1)
				(a), Stats. A filing office described in s.
				409.501 (1)
				(a), Stats., shall charge fees in accordance
				with s. 59.43 (2) (e),
				Stats., unless the filing office is described in s.
				190.11, Stats., or s.
				409.501 (1)
				(b), Stats., in which case the fees charged
				shall be in accordance with pars. (a) through (f).
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.11 - Methods of payment

Current through June 24, 2024
Filing fees and fees for public records services shall be
				  paid by any of the following methods:
(2) CHECKS. Checks made payable to the filing
				office for the full amount due and owing shall be accepted for payment if they
				are cashier's checks, certified checks, or other negotiable instruments made
				payable to the filing office through a depository institution located in the
				United States.
(3) ELECTRONIC FUNDS
				TRANSFER. The filing office may accept payment via electronic funds transfer
				under National Automated Clearing House Association ("NACHA") rules from
				remitters who have entered into appropriate NACHA-approved arrangements for
				these transfers and who authorize the relevant transfer pursuant to these
				arrangements.
(4) DEBIT CARDS OR
				CREDIT CARDS, OR BOTH. The department may accept payment by debit or credit
				cards, or both, from a major card company approved by the department via the
				department's online payment system.
(5) OTHER. Additional forms of payment may be
				approved by the department.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.12 - Underpayment

Current through June 24, 2024
Upon receipt of a document with an insufficient fee, the
				  filing officer shall return the document with a notice of deficiency as
				  provided in s. DFI-CCS2.05.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.13 - Public records services

Current through June 24, 2024
The following methods shall be available for obtaining
				  copies of UCC documents and copies of data from the UCC information management
				  system:
(1) DOCUMENTS RELATING TO
				SPECIFIC FINANCING STATEMENTS. Copies of UCC documents shall be available in
				paper or portable document format ("pdf"). Requests for UCC documents relating
				to one or more specific financing statements shall be delivered to the filing
				office by any of the means by which UCC documents may be delivered.
(2) BULK COPIES OF DOCUMENTS. Bulk copies of
				UCC documents shall be available. Information on the media in which bulk copies
				shall be made available can be obtained from the filing officer.
(3) DATA FROM THE INFORMATION MANAGEMENT
				SYSTEM.
(a)
Availability.
A
				list of available data elements from the UCC information management system and
				the file layout of the data elements shall be available from the filing officer
				upon request.
(b)
Full
				extract.
A bulk data extract of information from the UCC information
				management system shall be available monthly.
(c)
Update extracts.
Updates
				to the UCC information management system shall be available weekly.
(d)
Format.
Information on
				the format of extracts from the UCC information management system shall be
				available from the filing officer.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.14 - Fees for public records services

Current through June 24, 2024
Fees for public records services are those fees set forth in
				  s. DFI-CCS1.10.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 2 - Acceptance And Refusal Of Documents › Section DFI-CCS 2.01 - Role of filing officer

Current through June 24, 2024
The duties and responsibilities of the filing officer with
				  respect to the administration of the UCC shall be ministerial. In accepting for
				  filing or refusing to file a UCC document, the filing officer shall not do any
				  of the following:
(1) Determine the
				legal sufficiency or insufficiency of a document.
(2) Determine that a security interest in
				collateral exists or does not exist.
(3) Determine that information in the
				document is correct or incorrect, in whole or in part.
(4) Create a presumption that information in
				the document is correct or incorrect, in whole or in part.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 2 - Acceptance And Refusal Of Documents › Section DFI-CCS 2.02 - Duty to file

Current through June 24, 2024
Provided that there is no ground to refuse acceptance of the
				  document under s.
				  DFI-CCS 2.03, a UCC document
				  shall be filed upon its receipt by the filing officer with the filing fee, and
				  the filing officer shall promptly assign a file number to the UCC document and
				  index the document in the information management system.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 2 - Acceptance And Refusal Of Documents › Section DFI-CCS 2.03 - Grounds for refusal of UCC document

Current through June 24, 2024
The following grounds shall be the sole grounds for the
				  filing officer's refusal to accept a UCC document for filing:
(1) REQUIRED FORMAT.
(a) All information that shall be indexed
				shall be in characters that appear on a standard computer keyboard . All
				information shall be in American Standard Code for Information Exchange
				("ASCII") character set. Only A through Z, 0 (zero) through 9, and "&"
				shall be considered searchable characters. All other characters shall be
				treated as punctuation.
(b) Filings
				shall contain all information necessary for acceptance, shall be clearly
				identified, and shall be labeled in a manner readily apparent to the filing
				officer.
(c) The documentation
				shall be headed by one of the titles listed in the following subdivisions,
				indicating that it should be filed in that UCC index category, or accompanied
				by a writing to be filed as part of the filing, instructing the filing officer
				that it shall be filed under one of the following UCC index category titles:
1. Financing statement.
2. Amendment.
3. Termination.
4. Continuation.
5. Assignment.
6. Correction.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 2 - Acceptance And Refusal Of Documents › Section DFI-CCS 2.05 - Procedure upon refusal

Current through June 24, 2024
If the filing officer finds grounds under s.
				  DFI-CCS 2.03 to refuse
				  acceptance of a UCC document, the filing officer shall return the document, if
				  written, to the remitter. The filing officer shall send a notice that contains
				  a brief description of the reason for refusal to accept the document under s.
				  DFI-CCS 2.03 and a statement
				  that the office will, upon request of the remitter, provide the remitter with
				  the date and time the document would have been filed had it been accepted for
				  filing.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 2 - Acceptance And Refusal Of Documents › Section DFI-CCS 2.06 - Acknowledgment

Current through June 24, 2024
The filing officer shall send to each filer or remitter an
				  image of the record of the UCC document showing the file number assigned to it
				  and the date and time of filing.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 2 - Acceptance And Refusal Of Documents › Section DFI-CCS 2.07 - Other notices

Current through June 24, 2024
Nothing prevents a filing officer from communicating to a
				  filer or a remitter that the filing officer noticed potential defects in a UCC
				  document, whether or not it was filed or refused for filing. However, the
				  filing office shall be under no obligation to do so. The responsibility for the
				  legal effectiveness of filing shall rest with filers and remitters, and the
				  filing office shall bear no responsibility for its
				  effectiveness.
The filing officer may not, in fact, have the resources to
					 do so or to identify defects.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 2 - Acceptance And Refusal Of Documents › Section DFI-CCS 2.08 - Refusal errors

Current through June 24, 2024
If a secured party or a remitter demonstrates to the
				  satisfaction of the filing officer that a UCC document that was refused for
				  filing should not have been refused under s.
				  DFI-CCS 2.03, the filing
				  officer shall do all the following:
(1) File the UCC document with the filing
				date and time assigned when the filing was originally tendered for
				filing.
(2) File an officer's
				statement that sets forth the date and time the filing was marked active and
				states that the effective date and time of filing is the date and time the UCC
				document was originally tendered for filing. The demonstration of error shall
				constitute the secured party's authorization to file the statement.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 3 - Information Management System › Section DFI-CCS 3.01 - Purpose

Current through June 24, 2024
The filing officer uses an information management system to
				  store, index, and retrieve information relating to financing statements. The
				  information management system includes an index of the names of debtors named
				  on financing statements. This chapter describes the UCC information management
				  system.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 3 - Information Management System › Section DFI-CCS 3.02 - Primary data elements

Current through June 24, 2024
The primary data elements used in the UCC information
				  management system shall be the following:
(1) IDENTIFICATION NUMBERS.
(a) Each initial financing statement shall be
				identified by its file number as set forth in s.
				DFI-CCS 1.01
				(7). Identification of the initial financing
				statement shall be permanently associated with the record maintained for UCC
				documents in the UCC information management system. A record shall be created
				in the information management system for each initial financing statement, and
				all information comprising the record shall be maintained in the system. The
				record shall be identified by the same information assigned to the initial
				financing statement.
(b) A UCC
				document other than an initial financing statement shall be identified by a
				unique file number assigned by the filing officer. In the information
				management system, records of all UCC documents other than initial financing
				statements shall be linked to the record of their related initial financing
				statement.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 3 - Information Management System › Section DFI-CCS 3.03 - Names of debtors who are individuals

Current through June 24, 2024
The following shall apply to the name of a debtor or a
				  secured party on a UCC document who is an individual as defined in s.
				  DFI-CCS 1.01
				  (15):
(1) INDIVIDUAL NAME FIELDS. The names of
				individuals shall be stored in files that include only the names of
				individuals, and not the names of organizations. Separate data entry fields
				shall be established for first (given), middle (given), and last names
				(surnames or family names) of individuals. A filer shall place the name of a
				debtor with a single name in the last name field. The filing officer shall
				assume no responsibility for the accurate designation of the components of a
				name but shall accurately enter the data in accordance with the filer's
				designations.
Note:
Example: Place the name of a debtor with a
				  single name "Cher" in the last name field.
(2) TITLES AND PREFIXES BEFORE NAMES. Titles
				and prefixes shall not be entered in the UCC information management system.
				However, as provided in s.
				DFI-CCS 4.08, when a UCC
				document is submitted with designated name fields, the data shall be entered in
				the UCC information management system exactly as it appears.
Note:
Example: "Doctor," "Reverend," "Mr." and
				  "Ms." should not be entered in the system.
(3) TITLES AND SUFFIXES AFTER NAMES. Titles
				or indications of status shall not be part of an individual's name and should
				not be provided by filers in UCC documents. Suffixes that indicate which
				individual is being named shall be appropriate. In either case, as provided in
				s.
				DFI-CCS 4.08, they shall be
				entered into the information management system exactly as received.
Note:
Example: "M.D." and "esquire" should not
				  be provided; "senior," "junior," "I," "II" and "III" are
				  appropriate.
(4) TRUNCATION
				- INDIVIDUAL NAMES. Personal name fields in the UCC database shall be fixed in
				length. Although filers should continue to provide full names on their UCC
				documents, a name that exceeds the fixed length shall be entered as presented
				to the filing officer, up to the maximum length of the data entry
				field.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 3 - Information Management System › Section DFI-CCS 3.04 - Names of debtors that are organizations

Current through June 24, 2024
The following shall apply to the name of an organization
				  which is a debtor or a secured party on a UCC document:
(1) SINGLE FIELD. The names of organizations
				shall be stored in files that include only the names of organizations and not
				the names of individuals. A single field shall be used to store an organization
				name.
(2) TRUNCATION - ORGANIZATION
				NAMES. The organization name field in the UCC database shall be fixed in
				length. Although filers should continue to provide full names on UCC documents,
				a name that exceeds the fixed length shall be entered as presented to the
				filing officer, up to the maximum length of the data entry field.
Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 3 - Information Management System › Section DFI-CCS 3.05 - Estates

Current through June 24, 2024
Estates shall be treated as if the decedent were the debtor
				  under s.
				  DFI-CCS
				  3.03.