Wisconsin 2021-2022 Regular Session Status: In Committee 1 R cosponsors

SB 645 — Relating to: the method of sending notices by pawnbrokers and modifying rules promulgated by the Department of Financial Institutions.

Last action — Failed to pass pursuant to Senate Joint Resolution 1

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021-2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill allows pawnbrokers to send notices of sale and surplus electronically, in addition to registered mail.

  • 138.10 (9)

    Notice of sale. A pawnbroker shall not sell any pledge unless due notice of such contemplated sale has been sent to the pledgor, by registered mail or other means authorized by rule of the division of banking, to the address most recently given by the pledgor, as shown in the pawnbroker’s records. → N OTICE OF SALE. A pawnbroker shall not sell any pledge unless due notice of such contemplated sale has been forwarded sent to the pledgor, by registered mail or other means authorized by rule of the division of banking, to the address most recently given by the pledgor at the time of obtaining the loan or to such new address of the pledgor, as shown on in the pawnbroker's records.

    The update clarifies the means of sending notices by allowing for electronic communication.

  • 138.10 (11)

    Notice of any surplus from the sale of a pledge shall be sent to the pledgor within 10 days of the date of sale by registered mail to the address given by the pledgor at the time of obtaining the loan. → Notice of any surplus from the sale of a pledge shall be forwarded sent to the pledgor within 10 days of the date of sale by registered mail to the address given by the pledgor at the time of obtaining the loan or to such new address of the pledgor, of which the pawnbroker has received notice. This notice may be sent by any means authorized for a notice of sale under sub. (9).

    The amendment allows pawnbrokers to send surplus notices via methods authorized for sale notices, including electronically.

  • DFI-Bkg 77.06 (1)

    A pawnbroker shall not sell any pledge unless notice of the sale has been forwarded to the pledgor at the address given by the pledgor at the time of obtaining the loan or to a new address of the pledgor, as shown in the pawnbroker's record. → A Subject to sub. (2), a pawnbroker shall may not sell any pledge unless notice of the sale has been forwarded to the pledgor at the address given by the pledgor at the time of obtaining the loan or to a new address of the pledgor, as shown in the pawnbroker's record. Notice of the sale shall be mailed sent to the pledgor not less fewer than 30 days prior to before the date of sale.

    This change maintains existing notice requirements but modifies wording for clarity.

  • DFI-Bkg 77.06 (2)

    The address to which notice is sent under sub. (1) may be any of the following: (a) A physical mailing address. (b) An electronic mail address or telephone number capable of receiving text messages if all of the following apply: (1) The pawnbroker receives the pledgor's written consent to receive notices by electronic mail or text message. The consent must be signed by the pledgor, and it must prominently state that the pledgor has the right to withdraw consent to receive notices by electronic mail or text message at any time.

    This introduces new provisions allowing electronic notice for pawnbroker communications under specific conditions.

Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Available for scheduling

  3. Report passage recommended by Committee on Sporting Heritage, Small Business and Rural Issues, Ayes 5, Noes 0

  4. Executive action taken

  5. Public hearing held

  6. Representative Cabrera added as a cosponsor

  7. Representative Knodl added as a cosponsor

  8. Read first time and referred to Committee on Sporting Heritage, Small Business and Rural Issues

  9. Introduced by Senator Stafsholt; cosponsored by Representatives August, Loudenbeck, Spiros, Dittrich, Kuglitsch, Schraa and Thiesfeldt

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 131 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (131)

131 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance
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Frequently asked questions

Who sponsors SB 645?
SB 645 is sponsored by Stafsholt, Rob (Republican).
What is the current status of SB 645?
This bill died with 2021-2022 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 645?
Track SB 645 free on One Click Politics — get push/email alerts when it moves.

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