267,189
Section 189
. DFI-Bkg 74.12 of the administrative code is repealed.
267,190
Section 190
. DFI-Bkg 74.14 of the administrative code is repealed.
267,191
Section 191
. DFI-Bkg 74.16 (9) of the administrative code is amended to read:
DFI-Bkg 74.16 (9) Engage in other conduct which that can reasonably be expected to threaten or harass the debtor or a person related to the debtor including conduct which violates.
(9g) Violate the Federal Fair Debt Collection Practices Act.
267,192
Section 192
. DFI-Bkg 74.16 (9m) of the administrative code is created to read:
DFI-Bkg 74.16 (9m) Violate any federal or state statute, rule, or regulation that relates to practice as a collection agency.
267,193
Section 193
. DFI-Bkg 75.01 (1m) of the administrative code is created to read:
DFI-Bkg 75.01 (1m) “Customer identification number” has the meaning given in s. 138.14 (1) (br), Stats.
267,194
Section 194
. DFI-Bkg 75.08 (1) (c) 3. of the administrative code is amended to read:
DFI-Bkg 75.08 (1) (c) 3. Identify the name, address, telephone number, and unique identification number of the customer identification number.
267,195
Section 195
. DFI-Bkg 75.08 (2) (a) 4. of the administrative code is amended to read:
DFI-Bkg 75.08 (2) (a) 4. Identify the name, address, telephone number, and unique identification number of the customer identification number.
267,196
Section 196
.
Nonstatutory provisions.
(1) Transition of license information.
(a) In this subsection:
1. “Division” means the division of banking in the Department of Financial Institutions.
2. “Nationwide multistate licensing system and registry” has the meaning given in s. 224.35 (1g) (b).
(b) All persons holding a license under s. 138.09, 138.14, or 218.02 shall transition their license information onto the nationwide multistate licensing system and registry before January 31 of the year in which this paragraph takes effect. The division may suspend the license of any licensee subject to this paragraph that has not transitioned its license information onto the nationwide multistate licensing system and registry by March 31 of the year in which this paragraph takes effect.
(c) All persons holding a license under ch. 217 shall transition their license information onto the nationwide multistate licensing system and registry before March 31 of the year in which this paragraph takes effect. The division may suspend the license of any licensee under ch. 217 that has not transitioned its license information onto the nationwide multistate licensing system and registry by March 31 of the year in which this paragraph takes effect.
(d) All persons holding a license under s. 138.12 shall transition their license information onto the nationwide multistate licensing system and registry between January 2 of the year in which this paragraph takes effect and March 31 of the year in which this paragraph takes effect. The license of any licensee under s. 138.12 that has not transitioned its license information onto the nationwide multistate licensing system and registry by March 31 of the year in which this paragraph takes effect will expire on April 30 of the year in which this paragraph takes effect, and such licensee will be required to apply for and receive a new license to continue operating as an insurance premium finance company in this state.
(e) All persons holding a license under s. 218.04 shall transition their license information onto the nationwide multistate licensing system and registry between March 1 of the year in which this paragraph takes effect and May 31 of the year in which this paragraph takes effect. The license of any licensee under s. 218.04 that has not transitioned its license information onto the nationwide multistate licensing system and registry by May 31 of the year in which this paragraph takes effect will expire on June 30 of the year in which this paragraph takes effect, and such licensee will be required to apply for and receive a new license to continue operating as a collection agency in this state.
(f) All persons holding a license under s. 218.0114, except for motor vehicle dealers within the meaning of s. 218.0101 (23), or s. 218.05 shall transition their license information onto the nationwide multistate licensing system and registry before September 30 of the year in which this paragraph takes effect. The division may suspend the license of any licensee under s. 218.0114, except for motor vehicle dealers within the meaning of s. 218.0101 (23), or s. 218.05 that has not transitioned its license information onto the nationwide multistate licensing system and registry by September 30 of the year in which this paragraph takes effect.
(2) Transition of renewal fee dates.
(a) In this subsection, “department” means the Department of Financial Institutions.
(b) With regard to a license under s. 138.12 that expires on April 30 of the year in which this paragraph takes effect, the licensee shall pay to the department no later than March 31 of that year a license fee equal to two-thirds of the annual license fee specified under s. 138.12 (3) (b), to cover the period of May 1 through the new December 31 license expiration date.
(c) With regard to a license under s. 218.04 that expires on June 30 of the year in which this paragraph takes effect, the licensee shall pay to the department no later than June 1 of that year a license fee equal to one-half of the annual license fee specified under s. 218.04 (3) (b) to cover the period of July 1 through the new December 31 license expiration date.
267,197
Section 197
.
Effective date.
(1) Notwithstanding s. 227.265, this act takes effect on the first January 1 occurring at least 90 days after publication.
