Section 14.03. Advance notice required.

  Each bank proposing to engage in an activity authorized under s. 221.0303 , Stats., or proposing to change the place or manner in which it engages in such an activity, shall file with the administrator of the division of banking a written notice containing such information as the administrator of the division of banking may from time to time prescribe. If the administrator of the division of banking regularly receives information on additions, deletions or changes in locations of customer bank communications terminals from a supplier, a bank is excused from filing a written notice merely to change the place at which it offers the services. No bank may commence any such activity until the bank has filed the written notice under this section. A bank may not commence or continue to engage in any activity authorized under s. 221.0303 , Stats., if, in the opinion of the administrator of the division of banking, the activity is beyond the financial or management capabilities of the bank, would result in unfair competition among financial institutions, or is otherwise in violation of this chapter.

Cr. Register, November, 1976, No. 251 , eff. 12-1-76; am. Register, October, 1988, No. 394 , eff. 11-1-88; corrections made under s. 13.93 (2m) (b) 7., Stats., Register October 2001 No. 550 ; 2015 Wis. Act 304 : am. Register April 2016 No. 724 , eff. 5-1-16.