| 124th MAINE LEGISLATURE | ||||||
| LD 1768 | LR 2589(01) | |||||
| Resolve, Regarding Legislative Review of Chapter 285: Adjustment of Non-bank Mortgage Lender Fees To Fund Investigative and Legal Compliance Personnel, a Major Substantive Rule of the Department of Professional and Financial Regulation | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Treat of Hallowell | ||||||
| Committee: Insurance and Financial Services | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Revenue | ||||||
| Other Special Revenue Funds | $0 | $98,000 | $98,000 | $98,000 | ||
| Fiscal Detail and Notes | ||||||
| The major substantive rule under review would increase the volume fee charged to supervised lenders (other than supervised financial organizations) making residential loans from $20 per $100,000 of loans made to $35 per $100,000 to support existing staff of the Bureau of Consumer Credit Protection in the Department of Professional and Financial Regulation. | ||||||