Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1129 by Lopez (Relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement.), As Introduced
No fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to false, misleading, or deceptive advertising made in connection with a reverse mortgage loan agreement could be absorbed using existing resources at affected self-directed semi-independent agencies.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
450 Dept Savings and Mortgage Lending, 466 Consumer Credit Comm