Assembly Bill 188
Priority of certain refinance mortgages. (FE)
Stopped in committee
It never got a , so it never came up for a vote. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
May 3, 2013
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Committee, stopped here
Stopped here. No public hearing was held.
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Assembly vote, not reached
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Senate vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Apr 8, 2014: “Failed to pass pursuant to ”
It never got a hearing in the Assembly Committee on Financial Institutions. See every bill that never got a hearing this session.
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Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, a mortgage on real property creates a lien on the property.
Mortgages may be recorded in the office of the register of deeds of the county in which the property is located, which gives the public notice of the lien on the property.
Read the full summary Show less
Certain duly recorded mortgages have priority over certain other liens on the property, which means that the lienholder with priority has first right to use proceeds from the property to satisfy an obligation owed to the lienholder by the property owner.
This bill specifies that a refinance residential mortgage retains the priority of the prior (original) first-lien residential mortgage, including priority over any second-lien mortgage that is created after the original first-lien mortgage, if all of the following conditions are satisfied:
1. The principal amount of the loan secured by the refinance mortgage does not exceed the outstanding principal balance of the loan secured by the original mortgage plus $5,000.
2. The interest rate of the loan secured by the refinance mortgage is stated in the refinance mortgage at the time it is recorded and, if the original mortgage secures a fixed-rate loan, does not exceed the interest rate set forth in the mortgage note secured by the original mortgage.
3. The refinance mortgage is recorded and contains specified information on its first page.
The bill includes provisions to facilitate the recording and indexing of refinance mortgages in a way that allows the public to also locate the original mortgages.
Who's behind it
5 lawmakers are its . All 5 are Democrats.
2 more lawmakers .
See all 7 names Hide the names
Authors (5)
- Terese Berceau · Democrat, Assembly
- Penny Bernard Schaber · Democrat, Assembly
- Janet Bewley · Democrat, Senate
- Brett Hulsey · Democrat, Assembly
- Tod Ohnstad · Democrat, Assembly
Signed on in support (2)
- Nikiya Harris Dodd · Democrat, Senate
- Mark Miller · Democrat, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Apr 8, 2014
The session ended, and the bill died with it.
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May 20, 2013
A state agency sent in its estimate of the cost.
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May 3, 2013
Sent to the Assembly Committee on Financial Institutions.
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May 3, 2013
Introduced in the Assembly.
See the official record, word for word Hide the official record
- May 3, 2013 · Assembly
Introduced by Representatives Berceau, Ohnstad, Bernard Schaber, Bewley and Hulsey; cosponsored by Senators Harris and Miller
- May 3, 2013 · Assembly
Read first time and referred to Committee on Financial Institutions
- May 20, 2013 · Assembly
Fiscal estimate received
- Apr 8, 2014 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate