124th MAINE LEGISLATURE
		LD 165		LR 405(01)
	An Act To Supervise and Regulate Escrow Agents in Order To Protect Consumers
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Pilon of Saco
	Committee: Insurance and Financial Services
	Fiscal Note Required: No
Preliminary Fiscal Impact Statement
Minor cost increase - Other Special Revenue Funds Minor revenue increase - Other Special Revenue Funds
Correctional and Judicial Impact Statements
	Increases the number of civil violations The collection of additional fines may also increase General Fund revenue by minor amounts.
Fiscal Detail and Notes
	The Bureau of Consumer Credit Protection in the Department of Professional and Financial Regulation  would incur minor costs in establishing a new licensing category for escrow companies or tax-deferred exchange facilitators, and  would realize minor revenue increases resulting from new licensing fees for the three such companies that operate in Maine at the present time.