LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 11, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB121 by West (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing civil and administrative penalties.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. This bill would amend the Finance and Government Code relating to credit services organizations and extensions of consumer credit facilitated by credit service organizations; providing civil and administrative penalties. Based on information provided by the Comptroller of Public Accounts, Department of Savings and Mortgage Lending, Department of Banking, and Office of Consumer Credit Commissioner, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: UP, CL, NV, JLi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 11, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB121 by West (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing civil and administrative penalties.), Committee Report 1st House, Substituted
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB121 by West (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing civil and administrative penalties.), Committee Report 1st House, Substituted
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB121 by West (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing civil and administrative penalties.), Committee Report 1st House, Substituted
SB121 by West (Relating to credit services organizations and extensions of consumer credit facilitated by credit services organizations; providing civil and administrative penalties.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend the Finance and Government Code relating to credit services organizations and extensions of consumer credit facilitated by credit service organizations; providing civil and administrative penalties. Based on information provided by the Comptroller of Public Accounts, Department of Savings and Mortgage Lending, Department of Banking, and Office of Consumer Credit Commissioner, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner
304 Comptroller of Public Accounts, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner
LBB Staff: UP, CL, NV, JLi
UP, CL, NV, JLi