You are here:   

DSPS Transfer to DFI - Frequently Asked Questions

Please use the FAQs below to find information about the transfer of:

  • Charitable Organizations
  • Professional Fund-Raisers
  • Fund-Raising Counsels
  • Professional Employer Organizations
  • Professional Employer Groups

General Information

Information for Existing Registrants

Information for New Applicants

General Information FAQ's

What registration types are transferring to DFI?
The following 7 registration types will be transferred to DFI per 2013 Wisconsin Act 20:

  • 800 - Charitable Organizations
  • 100 - Professional Fund-Raisers
  • 105 - Fund-Raising Counsel
  • 825 - Professional Employer Organization
  • 826 - Professional Employer Organization – Limited (Small Operations)
  • 827 - Professional Employer Groups
  • 828 - Professional Employer Groups – Limited (Small Operations)

When is the transfer to DFI effective?
The transfer is officially effective on November 1, 2013. However, in an effort to create a smooth transition, certain duties will be transferred to DFI before that date.

Top of Page

Information for Existing Registrants

My registration is in good standing with DSPS, do I need to do anything to transfer my registration?
No, the systems and data related to your credentials will be transferred to DFI.

How can I check to see if my registration/credential is active (in good standing)?
After November 1st, you can find out if your registration is active by using the Organization Credential Search on DFI's website at www.wdfi.org.

Will I still be able to renew online?
Yes, DFI anticipates having an online renewal process similar to what you may have used with DSPS.

Have there been any statute changes that might affect me?
There were many minor changes made to the statutes related to your credential type. We recommend that you review Chapter 202 of the Wisconsin Statutes to become familiar with those changes.

We also wish to call your attention to one of the more substantive changes:
Pursuant to s. 202.025(2), Stats., a registrant may restore its registration for 60 days, instead of the previous 5 years, after its registration has expired.

Can I renew my expired registration?
Pursuant to s. 202.025(2), Stats., if an application to renew is not received before the applicable renewal date, the registrant may restore the registration by paying, within 60 days after the renewal date, the renewal fee and late fee.

Thus, when the new statutes take effect on November 1st, any registrants who have not complied with all of their renewal requirements, will no longer be eligible for renewal. Contact the Department of Safety and Professional Services for information about renewing prior to November 1, 2013.

I have a 990 extension from the IRS for my charitable organization. Do I still have to complete my renewal before November 1st?
Yes. If you have a federal extension from the IRS and do not believe that you will be able to complete your federal paperwork before November 1st, we recommend using Form 308 to complete your Wisconsin renewal registration.

I cannot complete the charitable organization financial statement requirement in time to renew my registration before the transfer date. What should I do?
If your organization's renewal requirements have not been satisfied by the time the new statutes go into effect on November 1st, your charitable organization's registration will be terminated and you will not have an option to reinstate the registration. If your organization would like to continue operating in Wisconsin, you will need to submit an application for a new registration.

I already registered my business with DFI, do I need to register again?
It is important to distinguish between a business entity filing you may have done with the Department of Financial Institutions - Division of Corporate and Consumer Services and the registration requirement that must be fulfilled with DFI's Licensed Financial Services Bureau. Filing as a business entity does not satisfy any other specific licensing or registration requirements with other departments or other divisions within DFI.

What is the new phone number for the automated voice response system that looks up and reads my PIN number to me?
DFI will not be using this system. Please use our website to obtain your PIN number.

Top of Page

Information for New Applicants

Where can I find the forms that I need to register for one of the transferred registration types?
Beginning November 1st, all forms related to the registration types being transferred to DFI can be found on DFI's website: www.wdfi.org.

Who should I make the check out to?
Make checks payable to the "Wisconsin Department of Financial Institutions" or "WDFI".

Where should I mail my application?
Beginning October 14, 2013, please mail your application and supporting paperwork to DFI at the following address:

Sending via US Mail:

DFI - Licensed Financial Services
PO Box 7876
Madison, WI 53707-7876

Sending via Courier:
DFI - Licensed Financial Services
201 W. Washington Ave.
Suite 500
Madison, WI 53703

How long will it take to process my application?
While we will make every effort to process applications in a timely manner, applicants should expect some amount of delay during the transition period. We will attempt to approve your application or advise you of any deficiencies with your application within 30 days after DFI's receipt of the application.

I mailed my paperwork to DSPS right before the transfer. Who has my paperwork and what is the status of my application?
Depending on when your paperwork was received, it may be at DSPS or DFI. We are coordinating a transfer of materials from DSPS to DFI on a daily basis and will be processing your application as soon as possible.

Who should I call if I have a question about my application or about a registered entity after November 1st?
If you have a question pertaining to one of the credentials that recently transferred to DFI (Charitable Organizations, Professional Fund-Raisers, Fund-Raising Counsels and Professional Employer Organizations and Groups) you may call the Licensed Financial Services bureau at: 1-608-267-1711.

For questions regarding all other credential types which continue to be regulated by DSPS, you may contact them at 1-608-266-2112.

Top of Page