| 123rd MAINE LEGISLATURE | ||||||
| LD 135 | LR 599(02) | |||||
| An Act To Amend the Debt Management Services Laws | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Insurance and Financial Services | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Appropriations/Allocations | ||||||
| Other Special Revenue Funds | $9,500 | $9,500 | $9,500 | $9,500 | ||
| Revenue | ||||||
| Other Special Revenue Funds | $9,500 | $9,500 | $9,500 | $9,500 | ||
| Fiscal Detail and Notes | ||||||
| The Office of Consumer Credit Regulation in the Department of Professional and Financial Regulation estimates approximately 30 new debt management service providers may be registered as a result of the bill over the next 3 years. The office estimates it will incur additional administrative costs including additional legal services and website and licensing system maintenance, that will require an additional allocation of $9,500 in each of fiscal years 2007-08 and 2008-09. The office estimates that additional application fees from these new providers will offset the additional costs. | ||||||