HI HB1125

Appropriates $5,109,414 from special funds and $110,000 from trust funds to the Department of Commerce and Consumer Affairs for Financial Services Regulation (Program CCA104) for fiscal years 2019-2021, with 40 permanent full-time equivalent positions authorized.

Repeals the requirement that $2,000,000 of taxes collected on bank and financial corporations be deposited annually to the compliance resolution fund.

Requires the Division of Financial Institutions to calculate and adjust fees and assessments for regulated financial institutions based on the division's budget minus compliance resolution fund credits and anticipated revenues.

Modifies the mortgage loan recovery fund to require the Commissioner to cease collection of renewal payments when the fund reaches $750,000, with payments remaining ceased until the funding level falls below $750,000.

Takes effect on July 1, 2030.