LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 21, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4339 by Lambert (Relating to increasing the interest rate of certain consumer loans.), As Introduced No fiscal implication to the State is anticipated. It is assumed that any costs associated with the bill could be absorbed using existing resources. The Office of the Consumer Credit Commissioner and the Department of Savings and Mortgage Lending are self-directed, semi-independent agencies that are responsible for their costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 450 Department of Savings and Mortgage Lending, 466 Office of Consumer Credit Commissioner LBB Staff: b > td > JMc, FV, BFa
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 21, 2025
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4339 by Lambert (Relating to increasing the interest rate of certain consumer loans.), As Introduced
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4339 by Lambert (Relating to increasing the interest rate of certain consumer loans.), As Introduced
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4339 by Lambert (Relating to increasing the interest rate of certain consumer loans.), As Introduced
HB4339 by Lambert (Relating to increasing the interest rate of certain consumer loans.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources. The Office of the Consumer Credit Commissioner and the Department of Savings and Mortgage Lending are self-directed, semi-independent agencies that are responsible for their costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
The Office of the Consumer Credit Commissioner and the Department of Savings and Mortgage Lending are self-directed, semi-independent agencies that are responsible for their costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 450 Department of Savings and Mortgage Lending, 466 Office of Consumer Credit Commissioner
450 Department of Savings and Mortgage Lending, 466 Office of Consumer Credit Commissioner
LBB Staff: b > td > JMc, FV, BFa
JMc, FV, BFa