Section DFI-Bkg 76.001 - Definitions In this chapter:
(1) "Applicant" means an applicant for a license as a sales finance company under s. 218.0114, Stats., other than a motor vehicle dealer within the meaning of s. 218.0101(23), Stats.(2) "Business license" means a license issued by the division of banking under ch. 218, Stats., to a motor vehicle dealer.(3) "Division" means the division of banking.(4) "Initial license" means a license issued to a person or business who does not have such a license at the time of application.(5) "Licensee" means a holder of a sales finance company license issued under s. 218.0114, Stats., other than a motor vehicle dealer within the meaning of s. 218.0101(23), Stats.(6) "Nationwide multistate licensing system and registry" or "NMLS" means the multistate system developed by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators and owned and operated by the State Regulatory Registry, LLC or any successor or affiliate entity, for the licensing and registration of persons in financial services industries.(7) "Reinstatement period" means the period beginning January 1 and ending on the last day of February, or such other period prescribed by the division.(8) "Renewal license" means a license issued to a person or business who has such license at the time of application.(9) "Renewal period" means the period beginning November 1 and ending December 31, or such other period prescribed by the division.(10) "Unique identifier" means a number or other identifier assigned by protocols established by the NMLS.Wis. Admin. Code Department of Financial Institutions DFI-Bkg 76.001
Adopted by, CR 22-020: cr. Register May 2023 No. 809, eff. 9/1/2023This section is created eff. 9-1-23 by CR 22-020.