LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 14, 1995



 TO:     Honorable Kenny Marchant, Chair        IN RE:  House Bill No. 1992
         Committee on Financial Institutions            By: Giddings
         House of Representatives
         Austin, Texas







FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
1992 (relating to the authority of the consumer credit
commissioner and to the regulation of certain consumer credit
practices; providing penalties) this office has determined the
following:

The bill would prohibit the Office of Consumer Credit
Commissioner from accepting gifts (monetary or in-kind) from an
individual, firm, partnership corporation or association which is
under the Finance Commission's regulatory purview.  The bill also
provides for penalties if this provision is violated.

The bill also prohibits discrimination for credit against
individuals who derive their income, in whole or part, from a
public assistance program or if an individual has exercised a
right under the Consumer Credit Protection Act.  The aggrieved
individual may seek punitive damages for this violation and
additional monetary damages if SECTION 1 is also violated.

The fiscal implication to the state or units of local government
cannot be determined.
    

        




 
Source:   LBB Staff: JK, VS, SM, RR.   Office of the Consumer
Credit Commissioner