123rd MAINE LEGISLATURE
		LD 1869		LR 108(02)
	An Act To Protect Maine Homeowners from Predatory Lending
	Fiscal Note for Bill as Amended by Committee Amendment "     "
	Committee: Insurance and Financial Services
	Fiscal Note Required: Yes
Fiscal Note
Potential current biennium revenue increase - Other Special Revenue Funds
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Appropriations/Allocations
	Other Special Revenue Funds		$141,771	$192,770	$202,264	$212,281
Correctional and Judicial Impact Statements
	This bill may increase the number of civil suits filed in the court system. The collection of additional filing fees may also increase General Fund revenue by minor amounts. Establishes new Class E crimes. The collection of additional fines may also increase General Fund revenue by minor amounts.
Fiscal Detail and Notes
	Allocates funds for the personal services and other costs of establishing two positions as provided under Sec. A-22 of the bill.  Also allocates funds for the reclassification of the Director of the Office of Consumer Credit Regulation position to Superintendent of Consumer Credit Protection.  The Office of Consumer Credit Regulation in the Department of Professional and Financial Regulation will attempt to absorb the costs of the new positions within existing resources but may ultimately need to rely on increased assessments on non-bank lenders and mortgage brokers as provided in the bill.  The costs of the reclassification and any additional costs of the bill can be absorbed utilizing existing budget resources.
	The additional costs to the Department of the Attorney General can be absorbed utilizing existing budgeted resources.