138.14 (6) (a) Whenever a licensee changes the address of its place of business to another location within the same city, village, or town, the licensee shall give written notice thereof, in a form and manner prescribed by the division, to the division within 10 business days of the relocation and the division shall replace the original license with an amended license showing the new address. If so directed by the division, the licensee shall provide any notice required under this subsection to the nationwide multistate licensing system and registry as provided in s. 224.35. No change in the place of business of a licensee to a different city, village, or town is permitted under the same license.

267,49 Section 49. 138.14 (6) (b) 1. b. of the statutes is amended to read:

138.14 (6) (b) 1. b. A seller of checks money transmitter business under ch. 217.

267,50 Section 50. 138.14 (7) (d) of the statutes is amended to read:

138.14 (7) (d) A licensee shall make an annual report to the division for each calendar year on or before March 15 of the following year. The report shall include business transacted by the licensee under this section and shall give all reasonable and relevant information that the division may require, including the information required for the division’s reports under par. (e). The reports shall be made in the form and manner prescribed by the division and submit financial statements as provided in s. 224.35 (8).

267,51 Section 51. 138.14 (8) (c) of the statutes is amended to read:

138.14 (8) (c) The division shall have the same power to conduct hearings, take testimony, and secure evidence as is provided in ss. 217.17 and 217.18 powers granted under s. 217.11.

267,52 Section 52. 138.14 (9) (a) 4. of the statutes is amended to read:

138.14 (9) (a) 4. That the licensee made a material misstatement, or knowingly omitted a material fact, in an application for a license or in information furnished to the division or the nationwide multistate licensing system and registry.

267,53 Section 53. 138.14 (14) (c) 1. of the statutes is amended to read:

138.14 (14) (c) 1. Allow a licensee accessing the database to check a customer’s unique identification number that is assigned to the customer in a manner specified by the division customer identification number. A customer’s unique customer identification number may not be based on the customer’s social security number.

267,54 Section 54. 138.14 (14) (m) of the statutes is amended to read:

138.14 (14) (m) Before entering into a payday loan, a licensee shall submit to the database provider the customer’s name; unique customer identification number that is assigned in a manner specified by the division; address; driver license number or other method of state identification; the amount of the transaction; the customer’s check number, if applicable; the date of the transaction; the maturity date of the loan; and any other information reasonably required by the division, in a format approved by the division.

267,55 Section 55. 138.14 (15) (title) of the statutes is amended to read:

138.14 (15) (title) Penalties; reporting violations.

267,56 Section 56. 138.14 (15) (c) of the statutes is created to read:

138.14 (15) (c) The division may report any enforcement action, any violation of this section or of an administrative rule or order, or other relevant information to the nationwide multistate licensing system and registry. Except as provided in s. 224.35 (4) (b) and (c), these reports to the nationwide multistate licensing system and registry shall be confidential and are not subject to public copying or inspection under s. 19.35 (1).

267,57 Section 57. 186.113 (22) (title) of the statutes is amended to read:

186.113 (22) (title) Community currency exchange and seller of checks money transmitter.

267,58 Section 58. 214.04 (20) of the statutes is amended to read:

214.04 (20) Upon receiving approval from the division, to act as an authorized agent for its customers in the business and functions under ch. 217. A savings bank that applies to function as a seller of checks money transmitter shall meet the application requirements under ch. 217. The division may not charge a license or investigation fee for an application under this subsection. The seller of checks money transmitter function of a savings bank shall be under the jurisdiction and supervision of the division. The division shall enforce ch. 217 as it applies to savings banks. The division shall determine what records shall be maintained and shall require the segregation of funds that are necessary for a savings bank to operate as a seller of checks money transmitter under this subsection and ch. 217.

267,59 Section 59. 215.13 (41) (title) of the statutes is amended to read:

215.13 (41) (title) Seller of checks Money transmitter.

267,60 Section 60. Chapter 217 of the statutes is repealed and recreated to read:

CHAPTER 217

MONEY TRANSMITTERS

217.01 Short title. This chapter may be cited as the “Model Money Transmission Modernization Law.”

217.02 Definitions. In this chapter:

(1) “Acting in concert” means persons knowingly acting together with a common goal of jointly acquiring control of a licensee, whether or not pursuant to an express agreement.