AB617,73 Section 73. 218.0161 (title) of the statutes is amended to read:

AB617,,502 218.0161 (title) Penalties; reporting violations.

AB617,74 Section 74. 218.0161 of the statutes is renumbered 218.0161 (1).

AB617,75 Section 75. 218.0161 (2) of the statutes is created to read:

AB617,,505 218.0161 (2) The division of banking may report any enforcement action, any violation of this chapter 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).

AB617,76 Section 76. 218.0162 of the statutes is amended to read:

AB617,,507 218.0162 Commencement of action. Upon the request of the licensor, the department of justice or the district attorney may commence an action in the name of the state to recover a forfeiture under s. 218.0161. An action under s. 218.0161 (1) shall be commenced within 3 years after the occurrence of the unlawful act or practice which is the subject of the action.

AB617,77 Section 77. 218.02 (1) (e) and (f) of the statutes are created to read:

AB617,,509 218.02 (1) (e) “Nationwide multistate licensing system and registry” has the meaning given in s. 224.35 (1g) (b).

AB617,,510 (f) “Unique identifier” has the meaning given in s. 224.35 (1g) (e).

AB617,78 Section 78. 218.02 (2) (a) 1. (intro.) of the statutes is amended to read:

AB617,,512 218.02 (2) (a) 1. (intro.) Each adjustment service company shall apply to the division for a license to engage in such business. Application for a separate license for each office of a company to be operated under this section shall be made to the division in writing, under oath, in a form to be prescribed by and manner acceptable to the division. The division may issue more than one license to the same licensee. Except as provided in subd. 3., an application for a license under this section shall include the following:

AB617,79 Section 79. 218.02 (2) (a) 2. c. of the statutes is created to read:

AB617,,514 218.02 (2) (a) 2. c. The division may disclose information to the nationwide multistate licensing system and registry as provided in s. 224.35.

AB617,80 Section 80. 218.02 (2) (d), (e) and (f) of the statutes are created to read:

AB617,,516 218.02 (2) (d) The division shall utilize the nationwide multistate licensing system and registry, and the provisions of s. 224.35 shall apply, with respect to applicants and licensees under this section.

AB617,,517 (e) An applicant or licensee under this section shall register with, and maintain a valid unique identifier issued by, the nationwide multistate licensing system and registry.

AB617,,518 (f) Each licensee shall keep current and accurate all material information on file with the division and the nationwide multistate licensing system and registry as provided in s. 224.35 (6).

AB617,81 Section 81. 218.02 (5) (a) and (b) of the statutes are amended to read:

AB617,,520 218.02 (5) (a) Every A license issued shall state the address of the office at which the business is to be conducted, the name of the licensee, and if the licensee is a partnership, limited liability company or association, the names of the members thereof, and if a corporation the date and place of its incorporation. Such license shall be kept conspicuously posted in the office of the licensee and under this section shall not be transferable or assignable.

AB617,,521 (b) Whenever a licensee shall contemplate a change of the licensee’s place of business to another location within the same city, village, or town, the licensee shall give written notice thereof to the division, in a form and manner acceptable to the division, which shall attach to the license the division’s authorization of such removal, specifying the date thereof and the new location. Such authorization shall be authority for the operation of such business under the same license at the specified new location. No change in the place of business of a licensee to a location outside of the original city, village, or town shall be permitted under the same license. 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.

AB617,82 Section 82. 218.02 (5) (c) of the statutes is repealed and recreated to read:

AB617,,523 218.02 (5) (c) A license issued under this section expires on December 31 of the calendar year in which the initial license term began, unless the initial license date is between November 1 and December 31, in which instance the initial license term shall run through December 31 of the following year. A license may be renewed or reinstated as provided in s. 224.35 (7).

AB617,83 Section 83. 218.02 (6) (a) (intro.) of the statutes is amended to read:

AB617,,525 218.02 (6) (a) (intro.) The division, after complaint, notice and hearings as provided in s. 217.19 hearing, shall revoke any license in the following cases:

AB617,84 Section 84. 218.02 (6) (a) 1. of the statutes is amended to read:

AB617,,527 218.02 (6) (a) 1. If the licensee has failed to pay the annual license fee or to maintain in effect the bond required under the provisions of this section;

AB617,85 Section 85. 218.02 (6) (a) 5. of the statutes is created to read:

AB617,,529 218.02 (6) (a) 5. If 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.