342.19 Perfection of security interests.
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/wi/chapter-342/342-19A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
342.19 Perfection of security interests.
(1)Unless excepted by s. 342.02 , a security interest in a vehicle of a type for which a certificate of title is required is not valid against creditors of the owner or subsequent transferees or secured parties of the vehicle unless perfected as provided in this chapter.
(a)Except as provided in sub.
(2m), a security interest is perfected in one of the following ways:
1. If the secured party is an individual or a person exempted by rule under s. 342.245
(3), by the delivery to the department of the existing certificate of title, if any, an application for a certificate of title containing the name and address of the secured party, and the required fee.
2. Except as provided in s. 342.245
(3), if the secured party is not an individual, by the filing of a security interest statement containing the name and address of the secured party, and payment of the required fee, in the manner specified in s. 342.245
(1).
(b)A security interest is perfected as of the later of the following:
1. The time of delivery to the department of the certificate of title if perfection occurs under par.
(a)1. or of the application if perfection occurs under par.
(a)2.
2. The time of the attachment of the security interest.
(2m)If a secured party whose name and address is contained on the certificate of title for a vehicle acquires a new or additional security interest in the vehicle, such security interest is perfected at the time of its attachment under s. 409.203 .