LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 4, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1247 by Carona (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing a civil 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, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: UP, RB, ED LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 4, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1247 by Carona (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing a civil penalty.), Committee Report 1st House, Substituted TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE: SB1247 by Carona (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing a civil penalty.), Committee Report 1st House, Substituted 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 SB1247 by Carona (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing a civil penalty.), Committee Report 1st House, Substituted SB1247 by Carona (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing a civil 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, 451 Department of Banking, 466 Office of Consumer Credit Commissioner 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: UP, RB, ED UP, RB, ED