FISCAL NOTE
Date Requested: January 28, 2026
Time Requested: 03:19 PM |
| Agency: |
Financial Institutions, West Virginia Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3423 |
Introduced |
SB617 |
|
|---|
| CBD Subject: |
Banking and Finance |
|---|
|
FUND(S):
3041 Assessment and Examination Fund
Sources of Revenue:
Special Fund None
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The bill will have no impact on the expenses and revenues of the Division of Financial Institutions.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The bill creates a tool for banks to assist eligible adults that may be faced with financial exploitation, as that term is defined in the bill. The bill does not create any responsibility for the Division of Financial Institutions in this bill beyond its given mandate. However, the bill does identify the Department of Human Servies Bureau of Social Services and the Attorney General as designated agencies for reporting purposes.
Memorandum
The bill creates no fiscal impact for the Division of Financial Institutions.
Person submitting Fiscal Note: Kathy Lawson
Email Address: klawson@wvdob.org