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§ 2-108. Nonrefundable fees

West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2012

West's Annotated Code of Maryland
Financial Institutions
Title 2. Commissioner and Boards
Subtitle 1. Commissioner of Financial Regulation (Refs & Annos)
Effective: July 1, 2012
MD Code, Financial Institutions, § 2-108
§ 2-108. Nonrefundable fees
Currentness
In general
(a) The Commissioner shall charge and collect, in advance, the following nonrefundable fees:
(1)
An examination fee for a new commercial bank charter under § 3-203 of this article
 
$15,000
(2)
A filing fee for an agreement of consolidation, merger, or transfer of assets under § 3-703 of this article:
(i)
Between two commercial banks
 
$3,000
(ii)
Among three or more commercial banks
 
$5,000
(3)
An application fee for a banking institution to have an affiliate under § 5-403 of this article
 
$750
(4)
A fee for a conversion of a national banking association, a federal stock savings and loan association, or a federal stock savings bank into a commercial bank under § 3-801 of this article or a federal mutual savings bank into a savings bank under § 4-701.1 of this article:
(i)
Filing fee
 
$7,000
(ii)
Examination fee
 
$3,000
(5)
Subject to subsection (b) of this section, a branch fee for:
(i)
An application of a banking institution or other-state bank to open a branch under §§ 5-1003 and 5-1005(a) of this article
 
$600; or
(ii)
An expedited notice of a banking institution or other-state bank to open a branch under §§ 5-1003 and 5-1005(b) of this article
 
$400
(6)
An application fee for a foreign banking permit under § 12-208 of this article
 
$500
(7)
A renewal fee for a foreign banking permit under § 12-210 of this article
 
$500
(8)
A fee for a certificate of valid charter:
(i)
If requested by or on behalf of a banking institution
 
$25
(ii)
If requested by or on behalf of a person other than a banking institution
 
$50
(9)
A fee for a certified copy of a document
 
$50
(10)
An application fee for conversion of a savings bank to a capital stock commercial bank under § 4-703 of this article
 
$5,000
Application of branch fees
(b) The branch fee under subsection (a)(5) of this section does not apply to:
(1) A branch that is acquired by a banking institution through a merger or consolidation with, or transfer to the banking institution of all or substantially all of the assets of, a bank or an insured depository institution; or
(2) An other-state bank chartered by a state that does not charge a fee to a banking institution for establishing a branch in that state.

Credits

Added by Acts 2008, c. 293, § 1, eff. July 1, 2008. Amended by Acts 2008, c. 36, § 6, eff. April 8, 2008; Acts 2009, c. 741, § 1, eff. July 1, 2009; Acts 2010, c. 457, § 1, eff. Oct. 1, 2010; Acts 2012, c. 52, § 1, eff. July 1, 2012.
Formerly Art. 11, § 25.
MD Code, Financial Institutions, § 2-108, MD FIN INST § 2-108
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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