DFI-Bkg 75.01(1m)(1m) “At the end of the loan term” has the same meaning as “maturity date,” as defined in s. 138.14 (1) (j), Stats.

DFI-Bkg 75.01(1r)(1r) “Customer identification number” has the meaning given in s. 138.14 (1) (br), Stats.

DFI-Bkg 75.01 NoteNote: Sub. (1r) was created by 2023 Wis. Act 267 and was renumbered from sub. (1m) by the legislative reference bureau under s. 13.92 (4) (b) 1. A similar provision with the same numbering was created by CR 22-020. Sub. (1r) is shown as created by 2023 Wis. Act 267 and as renumbered from sub. (1m) by the legislative reference bureau under s. 13.92 (4) (b) 1. As created by CR 22-020, it reads:

DFI-Bkg 75.01 Note(1r) “Customer identification number” means a unique number assigned to a customer in a manner specified by the division, or by the database provider acting at the direction of the division.

DFI-Bkg 75.01(2)(2) “Database transaction fee” means the fee the database provider shall charge licensees for each payday loan made by the licensee.

DFI-Bkg 75.01(3)(3) “Default” has the meaning given in s. 425.103 (2), Stats., if the loan has not reached its maturity date or the customer does not enter into a repayment plan under s. 138.14 (11g) (a), Stats.

DFI-Bkg 75.01(6)(6) “Electronic fund transfer” has the meaning given in 12 C.F.R. 205.3 (b) .

DFI-Bkg 75.01(6m)(6m) “Licensee” means a holder of a license issued under s. 138.14 (5), Stats., except where the context requires otherwise.

DFI-Bkg 75.01(7m)(7m) “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.

DFI-Bkg 75.01(8)(8) “Percentage per year of interest charged” in s. 138.14 (13) (b), Stats., means the annual percentage rate charged for the payday loan.

DFI-Bkg 75.01(8g)(8g) “Reinstatement period” means the period beginning January 1 and ending on the last day of February, or such other period prescribed by the division.

DFI-Bkg 75.01(8m)(8m) “Renewal period” means the period beginning November 1 and ending December 31, or such other period prescribed by the division.

DFI-Bkg 75.01(9)(9) “Subsequent payday loan” or “subsequent loan,” except when used in s. 138.14 (9m), Stats., means any loan where its proceeds are used, in whole or in part, to repay a previous payday loan, and includes any loan made within 24 hours after the customer pays off a previous payday loan in full.

DFI-Bkg 75.01(10)(10) “Unique identifier” means a number or other identifier assigned by protocols established by the NMLS.

DFI-Bkg 75.01 HistoryHistory: CR 10-098: cr. Register May 2011 No. 665, eff. 6-1-11; CR 12-035: am. (3), cr. (9) Register May 2013 No. 689, eff. 6-1-13; CR 22-020: renum. (1) to (1m), cr. (1g), (1r), (6m), (7m), (8g), (8m), (10) Register May 2023 No. 809, eff. 9-1-23; CR 23-039: am. (6m) Register March 2024 No. 819, eff. 4-1-24; 2023 Wis. Act 267: cr. (1m) Register April 2024 No. 820, eff. 1-1-25; renum. (1m) to (1r) under s. 13.92 (4) (b) 1., Stats., Register April 2024.

DFI-Bkg 75.02DFI-Bkg 75.02 Transactions not covered. Notwithstanding s. 138.14 (1) (k), Stats., a payday loan does not include a transaction that is made for a business, commercial or agricultural purpose.