| 122nd MAINE LEGISLATURE | |||||||||
| LD 1671 | LR 2362(01) | ||||||||
| An Act to Protect Maine Citizens from Identity Theft | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Pelletier-Simpson of Auburn | |||||||||
| Committee: Insurance and Financial Services | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Minor cost increase - General Fund | |||||||||
| Minor revenue increase - General Fund | |||||||||
| Minor cost increase - Other Special Revenue Funds | |||||||||
| Correctional and Judicial Impact Statements: | |||||||||
| Establishes new civil violations. | |||||||||
| May increase the number of civil suits filed in the court system. | |||||||||
| The collection of additional fines and filing fees may increase General Fund revenue by minor amounts. | |||||||||
| Fiscal Detail and Notes | |||||||||
| Assumes the additional costs of enforcement for the Office of Consumer Credit Regulation within the Department of Professional and Financial Regulation can be absorbed by the office utilizing existing resources if the number of data breaches of security is between an estimated amount of 6 to 10 per year. If either the number of data breaches increases dramatically, or businesses do not comply voluntarily with the new requirements, then the Office of Consumer Credit would likely require additional Other Special Revenue Funds allocation and, possibly, additional revenue sources. | |||||||||