Supplement: TX HB4316 | 2023-2024 | 88th Legislature | Fiscal Note (House Committee Report)
For additional supplements on Texas HB4316 please see the Bill Drafting List
Bill Title: Relating to regulation of residential service contract providers, sellers, and administrators.
Status: 2023-06-11 - Effective on 9/1/23 [HB4316 Detail]
Download: Texas-2023-HB4316-Fiscal_Note_House_Committee_Report_.html
Bill Title: Relating to regulation of residential service contract providers, sellers, and administrators.
Status: 2023-06-11 - Effective on 9/1/23 [HB4316 Detail]
Download: Texas-2023-HB4316-Fiscal_Note_House_Committee_Report_.html
TO: |
Honorable Oscar Longoria, Chair, House Committee on Business & Industry |
FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
IN RE: |
HB4316 by Goldman (relating to regulation of residential service contract providers, sellers, and administrators.), Committee Report 1st House, Substituted |
No significant fiscal implication to the State is anticipated.
The bill would require all holders of licenses issued by the Texas Real Estate Commission to obtain a Texas Department of Licensing and Regulation (TDLR) service contract provider license. The renewal fees are based on a tiered schedule. This estimate assumes the bill would have an insignificant revenue increase to the state.
Based on the analysis of the Office of the Attorney General, the Real Estate Commission, and the Department of License and Regulation, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Based on the analysis of the Office of the Attorney General, the Real Estate Commission, and the Department of License and Regulation, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > | 302 Office of the Attorney General, 329 Real Estate Commission, 452 Department of Licensing and Regulation |
LBB Staff: b > td > | JMc, SZ, SLee, GDZ |