224.30 Powers and duties of the department.

503 words·~2 min read·/wi/chapter-224/224-30-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Definition. In this section, “department” means the department of financial institutions.

(3)Computer databases, networks and systems; access and use fees. The department may establish fees to be paid by members of the public for accessing or using the department’s computer databases, computer networks or computer systems. Every fee established under this paragraph shall be based upon the reasonable cost of the service provided by the department, together with a reasonable share of the costs of developing and maintaining the department’s computer databases, computer networks and computer systems.

(4)Restrictions on recording instruments with social security numbers.

(a)In this subsection, “system” means the department’s corporate registration information system.

(b)The department may not record in the system any instrument offered for recording that contains the social security number of an individual. If the department is presented with an instrument for recording in the system that contains an individual’s social security number, the department may, prior to recording the instrument, remove or obscure characters from the social security number such that the social security number is not discernable on the instrument.

(c)If the department is presented with an instrument for recording in the system that contains an individual’s social security number, and if the department records the instrument but does not discover that the instrument contains the individual’s social security number until after the instrument is recorded, the department is not liable for the instrument drafter’s placement of the individual’s social security number on the instrument and the department may remove or obscure characters from the social security number such that the social security number is not discernable on the instrument.

(d)If the department records an instrument in the system that contains the complete social security number of an individual, the instrument drafter is liable to the individual whose social security number appears in the recorded instrument for any actual damages resulting from the instrument being recorded.

(5)Electronic filing.

(a)In this subsection, “filing” means the submission to the department of any form, instrument, application, report, notice, or other information required or permitted to be submitted to the department for retention in the department’s records.

(b)Subject to par.

(c), the department may require any filing to be made electronically in a manner prescribed by the department. Subject to par.

(c), if the department requires that a filing be made electronically, the department may require that any fee associated with the filing be paid using a suitable method prescribed by the department.

(c)The department may waive any requirement imposed under par.

(b)if all of the following apply:

1. The person affected by the requirement makes a written request to the department, in a manner prescribed by the department, that the requirement be waived and clearly states in the request why the requirement causes the person undue hardship.

2. The department determines, in its discretion, that the requirement, if imposed on the person, would cause the person undue hardship.