124th MAINE LEGISLATURE
LD 165 LR 405(02)
An Act To Supervise and Regulate Escrow Agents in Order To Protect Consumers
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Insurance and Financial Services
Fiscal Note Required: Yes
             
Fiscal Note
2009-10 2010-11 Projections 2011-12 Projections 2012-13
Appropriations/Allocations
Other Special Revenue Funds $6,525 $6,100 $6,100 $6,100
Revenue
Other Special Revenue Funds $7,375 $6,375 $6,375 $6,375
Correctional and Judicial Impact Statements
Increases the number of civil violations
The collection of additional fines may also increase General Fund revenue by minor amounts.
Fiscal Detail and Notes
Provides an Other Special Revenue Funds allocation of  $1,525 in 2009-10 and $6,100 in 2010-11 to the Bureau of Consumer Credit Protection in the Department of Professional and Financial Regulation for the ongoing costs of regulating exchange facilitators and residential real estate settlement agencies.  Also provides an allocation of $5,000 in 2009-10 to the Office of Administrative Services in the Department of Professional and Financial Regulation for the one-time costs of establishing new license and registration categories in the agency's licensing system.  Also assumes increased Other Special Revenue Funds revenue collections of $7,375 in 2009-10 and $6,375 in 2010-11 from new licensing and registration fees.