Wis. Admin. Code Department of Financial Institutions DFI-Bkg 76.12

Current through October 28, 2024

Section DFI-Bkg 76.12 - License periods and expiration dates

(1) BUSINESS LICENSES.

(a)General licensing period and expiration dates. The license period for business licenses is 2 years. The administrator of the division of banking shall issue business licenses that start and expire on the following dates:

Month When Business License is issued:	Month When Business License Expires:
February 1	January 31	All expiration
April 1	March 31	dates are in the
June 1	May 31	second year after
August 1	July 31	the date when
October 1	September 30	the license was
December 1	November 30	issued.

(b)Initial licenses. The administrator of the division of banking may issue initial licenses that go into effect on dates other than the first day of an even-numbered month. The licenses may expire before the end of 2 years, and their expiration dates may be assigned as follows:

Day License is issued:	Day License Expires:
December or January	Last November 30 before the
end of 2years
February or March	Last January 31 before the
end of 2 years
April or May	Last March 31 before the end
of 2 years
June or July	Last May 31 before the end
of 2 years
August or september	Last July 31 before the end
of 2 years
October or November	Last September 30 before the
end of 2 years

Example: A motor vehicle dealer whose license is first issued on October 8, 1992 would receive a license valid through September 30, 1994.

(2) A motor vehicle or mobile home license to operate as a sales finance company will be issued to run concurrently with the department of transportation dealer licenses.

Wis. Admin. Code Department of Financial Institutions DFI-Bkg 76.12

Emerg. CR eff. 1-1-91; CR Register, June, 1991, No. 426, eff. 7-1-91.