OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http: //www. cga. ct. gov/ofa
April 6, 2009
To Fiscal Note on
sSB-948, File No. 232
AN ACT CONCERNING IMPLEMENTATION OF THE S. A. F. E. MORTGAGE LICENSING ACT.
The original fiscal note indicated a cost of $2. 0 million to meet the requirements of the bill. Subsequent information confirms that the requirements of the bill can be achieved at a cost of $100,000 for consulting and data conversion costs. An ongoing cost of $11,000 per year would occur for services provided by the Department of Information Technology.