Wis. Admin. Code Department of Financial Institutions § 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.

Notes

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.