LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 9, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1596 by Watson (Relating to a title insurance company affidavit as a release of lien.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code regarding title insurance company affidavits as release of a lien. Based on analysis provided by the Texas Department of Insurance, any costs associated with implementing the provisions of this bill could be absorbed within existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, CH, JRO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 9, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1596 by Watson (Relating to a title insurance company affidavit as a release of lien.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1596 by Watson (Relating to a title insurance company affidavit as a release of lien.), As Introduced
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB1596 by Watson (Relating to a title insurance company affidavit as a release of lien.), As Introduced
SB1596 by Watson (Relating to a title insurance company affidavit as a release of lien.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code regarding title insurance company affidavits as release of a lien. Based on analysis provided by the Texas Department of Insurance, any costs associated with implementing the provisions of this bill could be absorbed within existing resources.
The bill would amend the Insurance Code regarding title insurance company affidavits as release of a lien. Based on analysis provided by the Texas Department of Insurance, any costs associated with implementing the provisions of this bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: JOB, CH, JRO
JOB, CH, JRO