342.245 Electronic processing of certain applications.
(1) Except as provided in sub. (3), a secured party shall file a security interest statement and pay the fee under s. 342.19 (2) (a) 2. and deliver a release of a security interest under s. 342.22 (1) (b) utilizing an electronic process prescribed by the department under sub. (4).
(2) Upon receipt of a certificate of title as provided in s. 342.20 (1), a person required to file a security interest statement under sub. (1) shall destroy the certificate of title.
(3) The department may, by rule, exempt a person or a type of transaction from the requirements of sub. (1). Any person who is exempted under this subsection shall pay a fee to the department for processing applications submitted by the person under s. 342.19 (2) (a) 1. and releases submitted under s. 342.22, utilizing a process other than an electronic process.
(4) The department shall promulgate rules to implement and administer this section.
History: 2009 a. 28.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 342 - Vehicle title and anti-theft law.
342.01 - Words and phrases defined.
342.02 - Excepted liens and security interests.
342.03 - Motor vehicle, trailer or semitrailer leases.
342.05 - When certificate of title required.
342.06 - Application for certificate of title.
342.065 - Title for salvage vehicle.
342.07 - Title for repaired salvage vehicle.
342.08 - Department to examine records.
342.09 - When department to issue certificate and to whom; maintenance of records.
342.10 - Contents of certificate of title.
342.11 - Grounds for refusing issuance of certificate of title.
342.12 - Withholding certificate of title; bond.
342.13 - Lost, stolen or mutilated certificates.
342.15 - Transfer of interest in a vehicle.
342.155 - Mileage disclosure requirements of transferors and transferees.
342.156 - Transfers of leased motor vehicles.
342.157 - Motor vehicle salvage pools and auction companies to maintain records.
342.16 - Transfer to or from dealer.
342.17 - Involuntary transfers.
342.18 - When department to issue a new certificate.
342.19 - Perfection of security interests.
342.195 - Notification of person who has perfected security interest.
342.20 - Duties on creation of security interest.
342.21 - Assignment of security interest.
342.22 - Release of security interest.
342.23 - Secured party's and owner's duties.
342.24 - Method of perfecting exclusive.
342.245 - Electronic processing of certain applications.
342.25 - Suspension or revocation of certificate.
342.255 - Cancellation of title or registration.
342.30 - Identification numbers.
342.31 - Report of stolen or abandoned motor vehicles.
342.32 - Counterfeiting and unlawful possession of certificate of title.
342.33 - Sale of vehicle used as taxicab.
342.34 - Department to be notified of destruction or junking of vehicle.