AB 1023

This bill eliminates the following obsolete statutory references:

1. References to the commissioner of banking. In

1995 Wisconsin Act 27

, the

Office of the Commissioner of Banking was eliminated and replaced by a new

Division of Banking in the newly created Department of Financial Institutions.

2. References to the Wisconsin Credit Union Savings Insurance Corporation.

The Wisconsin Credit Union Savings Insurance Corporation was eliminated in

2005

Wisconsin Act 134

.

3. References to federal agencies formerly involved in matters relating to

financial institution insolvency and to a mortgage rate index formerly computed by

one such agency.

4. References to the National Credit Union Administration in the context of

certain federal regulations, such that a credit union must comply with federal

regulations relating to privacy and the disclosure of personal information regardless

of which authorized agency prescribed them.

For further information, see the

Notes

provided by the Law Revision

Committee of the Joint Legislative Council.