LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 16, 2021 TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1129 by Lopez (Relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement.), As Introduced No fiscal implication to the State is anticipated. It is assumed that the costs associated with the bill's provisions relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement could be absorbed using existing resources at affected self-directed semi-independent agencies. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 450 Dept Savings and Mortgage Lending, 466 Consumer Credit Comm LBB Staff: b > td > JMc, AAL, MB, RRe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 16, 2021
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1129 by Lopez (Relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement.), As Introduced
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1129 by Lopez (Relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement.), As Introduced
Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1129 by Lopez (Relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement.), As Introduced
HB1129 by Lopez (Relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement could be absorbed using existing resources at affected self-directed semi-independent agencies.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 450 Dept Savings and Mortgage Lending, 466 Consumer Credit Comm
450 Dept Savings and Mortgage Lending, 466 Consumer Credit Comm
LBB Staff: b > td > JMc, AAL, MB, RRe
JMc, AAL, MB, RRe