LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 27, 2021 TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2284 by Toth (Relating to the physical presence of a borrower at the closing of a home equity loan.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Finance Code to specify certain circumstances in which a borrower is not required to be physically present at the closing of a home equity loan. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 450 Dept Savings and Mortgage Lending LBB Staff: b > td > JMc, AAL, MB, EJ
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 27, 2021
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2284 by Toth (Relating to the physical presence of a borrower at the closing of a home equity loan.), As Introduced
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB2284 by Toth (Relating to the physical presence of a borrower at the closing of a home equity loan.), 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
HB2284 by Toth (Relating to the physical presence of a borrower at the closing of a home equity loan.), As Introduced
HB2284 by Toth (Relating to the physical presence of a borrower at the closing of a home equity loan.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Finance Code to specify certain circumstances in which a borrower is not required to be physically present at the closing of a home equity loan.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 450 Dept Savings and Mortgage Lending
450 Dept Savings and Mortgage Lending
LBB Staff: b > td > JMc, AAL, MB, EJ
JMc, AAL, MB, EJ