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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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FINANCIAL INSTITUTIONS |
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TITLE 2. COMMISSIONER AND BOARDS |
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SUBTITLE 1. COMMISSIONER OF FINANCIAL REGULATION |
§ 2-108. Collection of nonrefundable fees.
Latest version.
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(a) In general. -- 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
(b) Exception. -- 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.