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129th MAINE LEGISLATURE |
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LD 1994 |
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LR 3023(02) |
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An Act To Promote
Efficiency in Regulation of Consumer Credit Statutes |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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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 |
$86,291 |
$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 bill includes an Other
Special Revenue Funds allocation of $86,291 in fiscal year 2020-21 to allow
expenditure of existing resources for this position. This amount assumes the
position will begin in December of fiscal year 2020. |
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