(1) ISSUANCE. The department shall file each application for certificate of title received by it and, when satisfied as to its genuineness and regularity and that the applicant is entitled to the issuance of a certificate of title, shall issue and deliver a certificate to the owner of the boat. (2) RECORDS. The department shall file and retain for at least 5 years a record of all applications for certificate of title, including, if applicable, the manufacturer’s certificate of origin, and all certificates of title issued by it: (a) According to title number. (b) According to hull identification number or engine serial number or both. (c) Alphabetically, according to name of owner. (d) In any other manner which the department determines to be desirable. (3) SEARCH FEE. The department shall conduct a title search upon the request of an applicant for a certificate of title and shall charge a fee of $5 for each search. (4) TITLE FEES. The department shall require that: (a) The owner of the boat pay a $5 fee to file an application for the first certificate of title. (b) The owner of the boat pay a $5 fee for a certificate of title after a transfer. (c) The owner of the boat pay a $5 fee for a replacement certificate of title. (d) The owner of a boat pay a single $5 fee for the original notation and subsequent release of a security interest on a certificate of title. (e) A person who has perfected a security interest and who is notified under s. 30.571 pay a $2 fee for each notification. (f) An assignee of a security interest pay a $2 fee to be named a secured party on a certificate of title. (g) All fees remitted to or collected by the department under pars. (a), (c), and (d) be credited to the appropriation account under s. 20.370 (9) (hu). (5) FEE RESTRICTION. The department shall not charge any fee for services under this section except as specified in subs. (3) and (4).
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