LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

March 19, 2003

TO:	Honorable Burt R. Solomons, Chair, House Committee on Financial Institutions
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB324 by Armbrister (Relating to the exemption of certain persons from regulation as a credit services organization.), As Engrossed

No fiscal implication to the State is anticipated.

The Savings and Loan Department, Office of Consumer Credit Commissioner, Credit Union Department, and Department of Banking indicate the bill would have no cost to the state.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	450 Savings And Loan Department, 451 Department Of Banking, 466 Office Of Consumer Credit Commissioner, 469 Credit Union Department
LBB Staff:	JK, JRO, RT, RB