LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

May 20, 2005

TO:	Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB955 by Solomons (Relating to the regulation of financial businesses and practices; providing civil penalties.), Committee Report 2nd House, Substituted

No significant fiscal implication to the State is anticipated.

The Office of the Attorney General, Texas Department of Insurance, and Savings and Loan Department indicate that any costs associated with the bill's implementation could be absorbed within existing resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

302 Office of the Attorney General, 450 Savings and Loan Department, 454 Department of Insurance, 466 Office of Consumer Credit Commissioner, 451 Department of Banking, 329 Real Estate Commission, 469 Credit Union Department

LBB Staff:

JOB, JRO, RB