125th MAINE LEGISLATURE
		LD 1338		LR 366(02)
	An Act To Amend the Maine Consumer Credit Code To Conform with Federal Law
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Insurance and Financial Services
	Fiscal Note Required: Yes
Fiscal Note
Legislative Cost/Study
Legislative Cost/Study
	The expenses associated with the participation of 2 legislators in the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection workgroups are projected to be $1,000 in fiscal year 2011-12.  The Legislature's proposed budget includes $10,000 in fiscal year 2011-12 for legislative studies.  Whether the amount is sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature.
Fiscal Detail and Notes
	Additional costs to the Department of Professional and Financial Regulation are expected to be minor and can be absorbed within budgeted resources.  The impact on Department of Professional and Financial Regulation revenue is also expected to be minor.