LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 23, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB17 by Carona (Relating to the regulation of residential mortgage loan servicers; providing an administrative penalty.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:450 Department of Savings and Mortgage Lending, 304 Comptroller of Public Accounts, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: JOB, RAN, AG, MW LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 23, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB17 by Carona (Relating to the regulation of residential mortgage loan servicers; providing an administrative penalty.), Committee Report 1st House, Substituted TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE: SB17 by Carona (Relating to the regulation of residential mortgage loan servicers; providing an administrative penalty.), Committee Report 1st House, Substituted Honorable John Carona, Chair, Senate Committee on Business & Commerce Honorable John Carona, Chair, Senate Committee on Business & Commerce John S O'Brien, Director, Legislative Budget Board John S O'Brien, Director, Legislative Budget Board SB17 by Carona (Relating to the regulation of residential mortgage loan servicers; providing an administrative penalty.), Committee Report 1st House, Substituted SB17 by Carona (Relating to the regulation of residential mortgage loan servicers; providing an administrative penalty.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. No fiscal implication to the State is anticipated. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 450 Department of Savings and Mortgage Lending, 304 Comptroller of Public Accounts, 451 Department of Banking, 466 Office of Consumer Credit Commissioner 450 Department of Savings and Mortgage Lending, 304 Comptroller of Public Accounts, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: JOB, RAN, AG, MW JOB, RAN, AG, MW