2020 Wisconsin Statutes & Annotations
Chapter 15. Structure of the executive branch.
15.185 Same; attached boards, offices, and councils.

15.185 Same; attached boards, offices, and councils.

(1) Banking institutions review board. There is created in the department of financial institutions a banking institutions review board consisting of 5 persons, appointed for staggered 5-year terms. At least 3 members shall be experienced bankers or savings institution employees having at least 5 years' experience in the banking or savings institution business. No member is qualified to act in any matter involving a bank or savings institution in which the member is an officer, director, or stockholder, or to which the member is indebted.

(5) College savings program board. There is created a college savings program board that is attached to the department of financial institutions under s. 15.03 and that consists of all of the following members:

(a) The secretary of financial institutions or his or her designee.

(b) The president of the board of regents of the University of Wisconsin System or his or her designee.

(c) The president of the Wisconsin Association of Independent Colleges and Universities or his or her designee.

(d) The chairperson of the investment board or his or her designee.

(e) The president of the technical college system board or his or her designee.

(f) Six other members, appointed for 4-year terms.

(7) Office of credit unions.

(a) Office of credit unions; creation. There is created an office of credit unions which is attached to the department of financial institutions under s. 15.03. The director shall be appointed by the governor to serve at the pleasure of the governor. No person may be appointed director who has not had at least 3 years of actual experience either in the operation of a credit union, or serving in a credit union supervisory capacity, or a combination of both. Notwithstanding s. 15.03, all personnel and budget requests by the office of credit unions shall be processed and forwarded by the department of financial institutions without change except as requested and concurred in by the office of credit unions.

(b) Credit union review board. There is created in the office of credit unions a credit union review board consisting of 5 persons, appointed for staggered 5-year terms. All members shall have at least 5 years' experience in the operations of a credit union. The office of credit unions may call special meetings of the review board.

(8) Remote notary council.

(a) There is created a remote notary council which is attached to the department of financial institutions under s. 15.03.

(b) The council shall be composed of the following members appointed for 3-year terms:

1. One member who represents an association of title insurance companies.

2. One member who represents attorneys who practice real estate law.

3. One member who represents an association of bankers.

4. One member who represents the providers of communication technology used to perform a notarial act involving a remotely located individual.

5. The secretary of financial institutions or the secretary's designee.

History: 1995 a. 27, ss. 135, 136, 196, 197, 201, 203, 216, 217; 1997 a. 27; 2003 a. 33; 2017 a. 59 s. 34; 2019 a. 65, 125.