124th MAINE LEGISLATURE
LD 1768 LR 2589(01)
Resolve, Regarding Legislative Review of Chapter 285:  Adjustment of Non-bank Mortgage Lender Fees To Fund Investigative and Legal Compliance Personnel, a Major Substantive Rule of the Department of Professional and Financial Regulation
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Treat of Hallowell
Committee: Insurance and Financial Services
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
2009-10 2010-11 Projections 2011-12 Projections 2012-13
Revenue
Other Special Revenue Funds $0 $98,000 $98,000 $98,000
Fiscal Detail and Notes
The major substantive rule under review would increase the volume fee charged to supervised lenders (other than supervised financial organizations) making residential loans from $20 per $100,000 of loans made to $35 per $100,000 to support existing staff of the Bureau of Consumer Credit Protection in the Department of Professional and Financial Regulation.