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132nd MAINE LEGISLATURE |
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LD 314 |
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LR 878(01) |
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An Act to
Establish Consumer Protections Regarding Small Dollar Loans |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Mastraccio of Sanford |
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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 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$87,259 |
$118,341 |
$124,955 |
$132,171 |
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| Fiscal Detail
and Notes |
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The Bureau of
Consumer Credit Protection within the Department of Professional and
Financial Regulation will require Other Special Revenue Funds allocations of
$87,259 in fiscal year 2025-26 and $118,341 in fiscal year 2026-27 to
establish one Senior Consumer Credit Examiner position to implement and
oversee the Maine Small Dollar Consumer Protection Act effective October 1,
2025. |
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