OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www. cga. ct. gov/ofa

April 6, 2009

CORRECTION

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.