Assembly Bill 459, “an Act to repeal and recreate 409.521 of the statutes; relating to: inclusion of social security numbers and employer identification numbers in Uniform Commercial Code financing statements,” was by Governor Jim Doyle on February 6.
From the press release: “When residents borrow money and secure the loan with personal property, the lender files a statement with the Department of Financial Institutions – a form that is available online and often includes Social Security and Employer Identification Numbers, even though those numbers are not required to be disclosed. Assembly Bill 459 will change the forms and make it clear that someone applying for a loan does not need to disclose their Social Security Number or Employer Identification Number.”
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