224.05 Municipality not preferred creditor. If any bank, banking institution or trust company, being indebted to the state
224.72 224.722 224.725 224.73 224.74 224.75 224.755 224.76 224.77 224.79 224.80 224.81 224.82
224.90 224.92 224.923 224.927 224.93 224.935 224.94 224.95 224.96 224.97 224.98 224.985 224.99
Licensing of mortgage bankers and mortgage brokers. Registered entities. Licensing of mortgage loan originators. Relationship between mortgage loan originator and a mortgage banker, mortgage broker, or registered entity; branch offices. Division’s review of the operations of a mortgage loan originator, mortgage broker, mortgage banker, or registered entity. Record-keeping requirements for licensees. Education and testing requirements for mortgage loan originators. Mortgage banker, mortgage loan originator, and mortgage broker trust accounts. Prohibited acts and practices, and discipline, of mortgage bankers, mortgage loan originators, mortgage brokers, and registered entities. Mortgage brokerage agreements and disclosures; mortgage broker agency relationship and duties. Penalties and private cause of action. Limitation on actions for commissions and other compensation. Compensation presumed. SUBCHAPTER IV NONDEPOSITORY SMALL BUSINESS LENDERS Definitions. License required. License application. Disclosure of certain application information. License approval. Expiration of license. Renewal of license. Denial of or disciplinary action relating to license. Required loan loss reserve. Division review of nondepository lender operations. Powers of licensee. Required records and reports. Rule making.
of Wisconsin, or indebted to any county, city, town or other municipality therein, for deposits made or indebtedness incurred after April 23, 1899, becomes insolvent or bankrupt, except as provided in s. 34.07, the state, county, city, town or other municipality shall not be a preferred creditor and shall have no preference or priority of claim whatever over any other creditor or creditors thereof; but a just and fair distribution of the property of such bank, banking institution or trust company, and of the proceeds thereof, shall be made among the creditors thereof proportionally, according to the amount of their respective claims. Nothing herein contained shall in any manner affect the provisions of law as they existed on said date providing for the payment of unpaid taxes and assessments, laborer’s claims, expenses of assignment and execution of the trust. History: 1979 c. 110 s. 60 (12); 1985 a. 257.