LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 25, 1995



 TO:     Honorable Kenny Marchant, Chair        IN RE: Committee Substitute
         Committee on Financial Institutions                  forHouse Bill
         House of Representatives               No. 725
         Austin, Texas









FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
725 (relating to the transfer of servicing of certain residential
real estate loans; providing a penalty.) this office has
determined the following:


No fiscal implication to the State or units of local government
is anticipated.
    

    







Source:   LBB Staff: JK, SM, RR