LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 31, 2017 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2823 by Dean (Relating to the issuance and enforcement of a subpoena during the course of an investigation of a residential mortgage loan servicer.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Finance Code relating to the issuance and enforcement of a subpoena during the course of an investigation of a residential mortgage loan servicer. The bill would permit the commissioner to issue a subpoena to a peace officer or other certain authorized persons. Under the provisions of the bill, the commissioner could petition a district court in Travis County to issue an order requiring the person to obey the subpoena. The bill would require the court to set an application to enforce a subpoena. Based on information provided by the Office of Court Administration and the Department of Savings and Mortgage Lending, 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 significant fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council, 450 Department of Savings and Mortgage Lending LBB Staff: UP, CL, EH, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
March 31, 2017
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2823 by Dean (Relating to the issuance and enforcement of a subpoena during the course of an investigation of a residential mortgage loan servicer.), As Introduced
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2823 by Dean (Relating to the issuance and enforcement of a subpoena during the course of an investigation of a residential mortgage loan servicer.), As Introduced
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2823 by Dean (Relating to the issuance and enforcement of a subpoena during the course of an investigation of a residential mortgage loan servicer.), As Introduced
HB2823 by Dean (Relating to the issuance and enforcement of a subpoena during the course of an investigation of a residential mortgage loan servicer.), 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 Finance Code relating to the issuance and enforcement of a subpoena during the course of an investigation of a residential mortgage loan servicer. The bill would permit the commissioner to issue a subpoena to a peace officer or other certain authorized persons. Under the provisions of the bill, the commissioner could petition a district court in Travis County to issue an order requiring the person to obey the subpoena. The bill would require the court to set an application to enforce a subpoena. Based on information provided by the Office of Court Administration and the Department of Savings and Mortgage Lending, 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 significant fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council, 450 Department of Savings and Mortgage Lending
212 Office of Court Administration, Texas Judicial Council, 450 Department of Savings and Mortgage Lending
LBB Staff: UP, CL, EH, EK
UP, CL, EH, EK