LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

April 12, 2013

TO:	Honorable Mike Villarreal, Chair, House Committee on Investments & Financial Services
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB3033 by Rodriguez, Eddie (Relating to the confidentiality of information contained in credit access business license applications.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Finance Code to provide that certain information included by a credit service organization on an application to obtain a license is subject to the Public Information Act. The Office of the Attorney General indicates that any costs associated with the bill could be absorbed within existing resources.
 
The bill would take effect immediately if it receives a vote of two-thirds of all the members elected to each house. Otherwise, the bill would take September 1, 2013.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

302 Office of the Attorney General, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner, 469 Credit Union Department

LBB Staff:

UP, RB, EP, JM