LD 1994 LR 3023(01)
An Act To Promote Efficiency in Regulation of Consumer Credit Statutes
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Foley of York
Committee: Health Coverage, Insurance and Financial Services
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2019-20 FY 2020-21 Projections  FY 2021-22 Projections  FY 2022-23
Other Special Revenue Funds $0 $140,043 $146,489 $152,515
Other Special Revenue Funds $0 $0 $0 $0
Fiscal Detail and Notes
The bill allows the Bureau of Consumer Credit Protection to adjust fees when necessary through rulemaking, allows the bureau to use the nationwide mortgage licensing system and authorizes the Superintendent of Consumer Credit Protection to appoint a deputy superintendent. The Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection, will require an Other Special Revenue Funds allocation of $140,043 beginning in fiscal year 2020-21 to allow expenditure of existing resources for this position.