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129th MAINE LEGISLATURE |
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LD 1994 |
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LR 3023(01) |
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An Act To Promote
Efficiency in Regulation of Consumer Credit Statutes |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Foley of York |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$140,043 |
$146,489 |
$152,515 |
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| Transfers |
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Other Special Revenue Funds |
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$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The bill allows
the Bureau of Consumer Credit Protection to adjust fees when necessary
through rulemaking, allows the bureau to use the nationwide mortgage
licensing system and authorizes the Superintendent of Consumer Credit
Protection to appoint a deputy superintendent. The Department of Professional
and Financial Regulation, Bureau of Consumer Credit Protection, will require
an Other Special Revenue Funds allocation of $140,043 beginning in fiscal
year 2020-21 to allow expenditure of existing resources for this
position. |
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