Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4739 by Geren (Relating to the elimination of the portion of the Retail Charge Agreement Delinquency Fee remitted to the comptroller.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would repeal the requirement a portion of the delinquency charge on a retail charge agreement installment that is in default be deposited to an account in the General Revenue Fund. Minimal revenue related to this charge have been received by the Comptroller in recent fiscal years and minimal revenue is expected in the future.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
212 Office of Court Administration, Texas Judicial Council, 304 Comptroller of Public Accounts, 466 Office of Consumer Credit Commissioner