LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 16, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1721 by Villarreal (Relating to use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the consumer credit commissioner; affecting fees.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Finance Code relating to the use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the Office of Consumer Credit Commissioner. The bill would allow the consumer credit commissioner to use the Nationwide Mortgage Licensing System and Registry as a channeling agent for obtaining criminal history information from the Federal Bureau of Investigation, the United States Department of Justice, or any other entity at the commissioner's discretion. Based on the analysis of the Department of Public Safety (DPS), implementing the provisions of this bill would result in DPS conducting fewer criminal history checks for the Office of Consumer Credit Commissioner. This analysis assumes that there would be no significant fiscal impact from any potential decreases in the amount of criminal history checks conducted by DPS. The fiscal impact that may be generated in association with implementing the provisions of the bill for the Office of Consumer Credit Commissioner are not considered in this analysis because any fiscal impact for the agency would be realized outside of the Treasury due to the agency being Self-Directed and Semi-Independent. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:405 Department of Public Safety, 466 Office of Consumer Credit Commissioner LBB Staff: UP, RB, MW, ED
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 16, 2013
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1721 by Villarreal (Relating to use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the consumer credit commissioner; affecting fees.), As Engrossed
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1721 by Villarreal (Relating to use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the consumer credit commissioner; affecting fees.), As Engrossed
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1721 by Villarreal (Relating to use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the consumer credit commissioner; affecting fees.), As Engrossed
HB1721 by Villarreal (Relating to use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the consumer credit commissioner; affecting fees.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Finance Code relating to the use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the Office of Consumer Credit Commissioner. The bill would allow the consumer credit commissioner to use the Nationwide Mortgage Licensing System and Registry as a channeling agent for obtaining criminal history information from the Federal Bureau of Investigation, the United States Department of Justice, or any other entity at the commissioner's discretion. Based on the analysis of the Department of Public Safety (DPS), implementing the provisions of this bill would result in DPS conducting fewer criminal history checks for the Office of Consumer Credit Commissioner. This analysis assumes that there would be no significant fiscal impact from any potential decreases in the amount of criminal history checks conducted by DPS. The fiscal impact that may be generated in association with implementing the provisions of the bill for the Office of Consumer Credit Commissioner are not considered in this analysis because any fiscal impact for the agency would be realized outside of the Treasury due to the agency being Self-Directed and Semi-Independent.
The bill would amend the Finance Code relating to the use of the Nationwide Mortgage Licensing System and Registry in connection with the regulatory authority of the Office of Consumer Credit Commissioner. The bill would allow the consumer credit commissioner to use the Nationwide Mortgage Licensing System and Registry as a channeling agent for obtaining criminal history information from the Federal Bureau of Investigation, the United States Department of Justice, or any other entity at the commissioner's discretion.
Based on the analysis of the Department of Public Safety (DPS), implementing the provisions of this bill would result in DPS conducting fewer criminal history checks for the Office of Consumer Credit Commissioner. This analysis assumes that there would be no significant fiscal impact from any potential decreases in the amount of criminal history checks conducted by DPS.
The fiscal impact that may be generated in association with implementing the provisions of the bill for the Office of Consumer Credit Commissioner are not considered in this analysis because any fiscal impact for the agency would be realized outside of the Treasury due to the agency being Self-Directed and Semi-Independent.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 405 Department of Public Safety, 466 Office of Consumer Credit Commissioner
405 Department of Public Safety, 466 Office of Consumer Credit Commissioner
LBB Staff: UP, RB, MW, ED
UP, RB, MW, ED