224.02 Banking, defined. The soliciting, receiving, or accepting of money or its equivalent on deposit as a regular business by any person, partnership, association, or corporation, shall be deemed to be doing a banking business, whether such deposit is made subject to check or is evidenced by a certificate of deposit, a passbook, a note, a receipt, or other writing, provided that nothing herein shall apply to or include money left with an agent, pending investment in real estate or securities for or on account of the agent's principal.
History: 991 a. 316; 1993 a. 490; 2005 a. 158.
A “junior achievement" bank would be a banking business and violate s. 224.03. 62 Atty. Gen. 254.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 224 - Miscellaneous banking and financial institutions provisions.
224.03 - Banking, unlawful, without charter; penalty.
224.05 - Municipality not preferred creditor.
224.06 - Fidelity bonds for bank officers and employees.
224.07 - Checks to clear at par.
224.075 - Financially related services tie-ins.
224.25 - Customer access to appraisals.
224.26 - Customer access to credit reports.
224.30 - Powers and duties of the department.
224.40 - Disclosure of financial records for child support enforcement.
224.42 - Disclosure of financial records for Medical Assistance and food stamp program eligibility.
224.44 - Disclosure of financial records for collection of unemployment insurance debt.
224.46 - Independent data processing servicers.
224.48 - College tuition and expenses program.
224.50 - College savings program.
224.51 - College savings program vendor.
224.52 - Repayment to the general fund.
224.72 - Licensing of mortgage bankers and mortgage brokers.
224.722 - Registered entities.
224.725 - Licensing of mortgage loan originators.
224.728 - Nationwide mortgage licensing system and registry and cooperative arrangements.
224.75 - Record-keeping requirements for licensees.
224.755 - Education and testing requirements for mortgage loan originators.
224.76 - Mortgage banker, mortgage loan originator, and mortgage broker trust accounts.
224.80 - Penalties and private cause of action.
224.81 - Limitation on actions for commissions and other compensation.
224.82 - Compensation presumed.
224.923 - License application.
224.927 - Disclosure of certain application information.
224.935 - Expiration of license.
224.95 - Denial of or disciplinary action relating to license.
224.96 - Required loan loss reserve.
224.97 - Division review of nondepository lender operations.