Supplement: TX HB3617 | 2021-2022 | 87th Legislature | Fiscal Note (Enrolled)
For additional supplements on Texas HB3617 please see the Bill Drafting List
Bill Title: Relating to certain qualifications and requirements for residential mortgage loan companies, the investment and use of excess residential mortgage loan originator recovery fund fees, and the creation of the mortgage grant fund; changing a fee.
Status: 2021-06-18 - Effective on 9/1/21 [HB3617 Detail]
Download: Texas-2021-HB3617-Fiscal_Note_Enrolled_.html
It is assumed that any costs associated with the bill's provisions could be absorbed using existing agency resources. The Department of Savings and Mortgage Lending is a self-directed, semi-independent state entity and does not receive appropriated funds and is responsible for funding all direct and indirect operational costs and sets the amount of fees, penalties, charges, and revenues required to cover these costs.
Bill Title: Relating to certain qualifications and requirements for residential mortgage loan companies, the investment and use of excess residential mortgage loan originator recovery fund fees, and the creation of the mortgage grant fund; changing a fee.
Status: 2021-06-18 - Effective on 9/1/21 [HB3617 Detail]
Download: Texas-2021-HB3617-Fiscal_Note_Enrolled_.html
TO: |
Honorable Dade Phelan, Speaker of the House, House of Representatives |
FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
IN RE: |
HB3617 by Anchia (Relating to certain qualifications and requirements for residential mortgage loan companies, the investment and use of excess residential mortgage loan originator recovery fund fees, and the creation of the mortgage grant fund; changing a fee.), As Passed 2nd House |
No fiscal implication to the State is anticipated.
The bill would amend the Finance Code as it relates to qualifications and requirements of licensed mortgage companies as well as the creation and utilization of certain funds.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > | 450 Dept Savings and Mortgage Lending |
LBB Staff: b > td > | JMc, LBO, EJ, SZ, AAL, MB |