Chapter Trans 148
ELECTRONIC RECORDING AND RELEASE OF LIENS BY NON-INDIVIDUAL CREDITORS
Trans 148.01 Purpose and scope. Trans 148.02 Definitions. Trans 148.03 Requirement to file and release security interest statement electronically. Trans 148.04 Secured party participation in the APPS program. Trans 148.05 Termination and nonrenewal of APPS secured party contracts. Trans 148.06 Exemptions from requirement to file security interest statement electronically. Trans 148.01Trans 148.01 Purpose and scope. This chapter interprets ss. 342.19 (2) (a), 342.20 (2) and (3), 342.22 (1) and (2), and 342.245, Stats., which require a non-individual secured party to use an electronic process prescribed by the department whenever filing a security interest statement or lien release with the department and to pay fees for such use, unless exempted by the department by rule. Trans 148.01 HistoryHistory: CR 09-113: cr. Register May 2010 No. 653, eff. 6-1-10. Trans 148.02Trans 148.02 Definitions. The words and phrases defined in s. 340.01, Stats., have the same meaning in this chapter unless a different definition is specifically provided. In this chapter: Trans 148.02(1)(1) “Automated processing partnership system” or “APPS” means the program established by the DMV, in which DMV contracts with agents and vendors to provide vehicle registration and titling services. Chapter Trans 156 governs administration of the APPS program. Trans 148.02(2)(2) “Certificate of title” or “title” means the certificate of title for a vehicle as required in ch. 342, Stats. Trans 148.02(3)(3) “Department” means the Wisconsin department of transportation. Trans 148.02(4)(4) “DMV” means the Wisconsin department of transportation division of motor vehicles. Trans 148.02(5)(5) “Exempt” means that a non-individual secured party is not required or not authorized to file and release security interest statements electronically.