LRB-4452/1
PJK:bjk:ph
2009 - 2010 LEGISLATURE
March 10, 2010 - Introduced by Senators Erpenbach, Risser, Holperin, Taylor,
Cowles, Olsen, Darling, Kedzie and Grothman, cosponsored by
Representatives Hebl, Dexter, Van Akkeren, Soletski, A. Williams, Bies, Van
Roy and Townsend. Referred to Committee on Judiciary, Corrections,
Insurance, Campaign Finance Reform, and Housing.
SB605,1,2
1An Act to create 703.33 (9) of the statutes;
relating to: allowing required
2condominium disclosures to be made electronically.
Analysis by the Legislative Reference Bureau
Current law requires that a seller of a condominium unit make certain
disclosures to the purchaser before the sale closing by furnishing copies of certain
documents. This bill specifically authorizes these disclosures to be made
electronically if done in accordance with any requirements under law, including the
federal Electronic Signatures in Global and National Commerce Act.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB605, s. 1
3Section
1. 703.33 (9) of the statutes is created to read:
SB605,1,64
703.33
(9) Electronic disclosure. The information required under subs. (1)
5and (2) may be disclosed electronically in accordance with
15 USC 7001 (c) and any
6other requirements that are prescribed by law.
