LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION

April 23, 2025

TO:	Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	SB1906 by Creighton (Relating to increasing the interest rate of certain consumer loans.), As Introduced

No fiscal implication to the State is anticipated.

It is assumed that any costs associated with the bill could be absorbed using existing resources.

 The Office of the Consumer Credit Commissioner and the Department of Savings and Mortgage Lending are self-directed, semi-independent agencies that are responsible for their costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

450 Department of Savings and Mortgage Lending, 466 Office of Consumer Credit Commissioner

LBB Staff:

JMc, RStu, BFa, FV