Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4166 by Guillen (Relating to an exemption for certain property owners from regulatory requirements for residential mortgage loan originators.), As Introduced
No significant fiscal implication to the State is anticipated.
The Department of Savings and Mortgage Lending and the Department of Banking are self-directed, semi-independent agencies that are responsible for their costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
450 Department of Savings and Mortgage Lending, 451 Department of Banking