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128th MAINE LEGISLATURE |
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LD 1199 |
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LR 1330(02) |
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An Act To Promote
Fiscal Responsibility in the Purchasing of Debt |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Insurance and Financial Services |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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Minor savings - General Fund
Minor revenue decrease - General Fund
Minor cost increase - Other Special Revenue Funds
Minor revenue increase - Other Special Revenue Funds |
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| Correctional
and Judicial Impact Statements |
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Decreases the
number of civil suits.
A reduction in filing fees may also increase General Fund revenue by minor
amounts. |
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| Fiscal Detail
and Notes |
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Any additional
costs to the Department of Professional and Financial Regulation to implement
the provisions of this bill are expected to be minor and can be absorbed
within existing budgeted resources. Additionally, individual employees of
debt buying companies will be required to obtain debt collector licenses,
leading to an increase in the licensing revenue that is expected to be
minimal. |
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