LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION

April 27, 2021

TO:	Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	HB2284 by Toth (Relating to the physical presence of a borrower at the closing of a home equity loan.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend the Finance Code to specify certain circumstances in which a borrower is not required to be physically present at the closing of a home equity loan. 

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

450 Dept Savings and Mortgage Lending

LBB Staff:

JMc, AAL, MB, EJ