Wisconsin Statutes & Annotations
Chapter 224 - Miscellaneous banking and financial institutions provisions.
224.90 - Definitions.

224.90 Definitions. In this subchapter:
(1) “Division" means the division of banking.
(2) “In control" means any of the following:
(a) Owning 10 percent or more of the outstanding voting stock of a nondepository lender.
(b) Possessing, directly or indirectly, alone or in concert with others, the power to control or vote 10 percent or more of the outstanding voting stock of a nondepository lender or to elect or control the election of a majority of the board of directors of a nondepository lender.
(3) “Licensee" means a lender licensed under this subchapter.
(4) “Nondepository lender" means a commercial small business lender that participates in the loan guarantee program of the U.S. small business administration described in 13 CFR 120.2 (a) and that provides financial assistance to small businesses that qualify for financial assistance pursuant to 15 USC 636 (a). “Nondepository lender" does not include a bank, credit union, savings and loan association or savings bank.
History: 1999 a. 9.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 224 - Miscellaneous banking and financial institutions provisions.

224.02 - Banking, defined.

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.

224.10 - Indian loan funds.

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.

224.71 - Definitions.

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.

224.73 - Relationship between mortgage loan originator and a mortgage banker, mortgage broker, or registered entity; branch offices.

224.74 - Division's review of the operations of a mortgage loan originator, mortgage broker, mortgage banker, or registered entity.

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.

224.77 - Prohibited acts and practices, and discipline, of mortgage bankers, mortgage loan originators, mortgage brokers, and registered entities.

224.79 - Mortgage brokerage agreements and disclosures; mortgage broker agency relationship and duties.

224.80 - Penalties and private cause of action.

224.81 - Limitation on actions for commissions and other compensation.

224.82 - Compensation presumed.

224.90 - Definitions.

224.92 - License required.

224.923 - License application.

224.927 - Disclosure of certain application information.

224.93 - License approval.

224.935 - Expiration of license.

224.94 - Renewal 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.

224.98 - Powers of licensee.

224.985 - Required records and reports.

224.99 - Rule making.