2016 Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 12 - Savings Associations Law
§ 81-12-193. Fees

The department shall charge and collect for:

(a) Filing articles of incorporation and issuing a certificate of incorporation, a minimum fee of Five Hundred Dollars ($ 500.00) up to a maximum fee of Two Thousand Five Hundred Dollars ($ 2,500.00) as fixed by the commissioner.

(b) For filing annual reports, the commissioner shall assess every association organized under the laws of this state engaging in the business of an association, and every foreign association qualified to do business in this state under the provisions of Section 81-12-187, in accordance with the following schedule, setting forth the maximum that may be assessed:

(i) Seventy-five Dollars ($ 75.00).

(ii) Every such association whose total assets exceed One Hundred Thousand Dollars ($ 100,000.00) shall further pay in addition to the minimum assessment of Seventy-five Dollars ($ 75.00), Fifty Cents (50 cent(s) ) for each One Thousand Dollars ($ 1,000.00) or fraction thereof of assets in excess of One Hundred Thousand Dollars ($ 100,000.00). All money accruing from such assessment shall be used for the maintenance of the department.

(iii) The commissioner shall, during the month of January in each year, or as soon thereafter as practicable, prepare and send to each association a statement of the assessments due under this section, based upon the total assets of each association as of December 31 of the preceding year. The assessment shall be payable in accordance with the statement so furnished and shall be paid within ten (10) days after the date fixed for their payment. Such assessment shall constitute a lien on the assets of each association until paid. Any association failing to make payment of an installment within ten (10) days as provided in this section shall be liable for a penalty of ten percent (10%) of the amount in default for each day thereafter. All assessments and penalties provided in this section shall be payable as set forth in this section, and when collected by the commissioner shall be delivered to the State Treasurer to be placed to the credit of the account of the department.

(iv) If it appears to the commissioner that the fees assessed under this section shall produce more than the requirements of the estimated operating budget approved for the department for the ensuing assessment period, the commissioner shall authorize a uniform percentage reduction to be applied to the fees to be paid by the individual associations.

(v) Associations organized and in existence as of June 30, 1994, shall not be billed or liable for the annual report assessment due for the close of this period only. The next annual report assessment shall be due based upon assets as of December 31, 1994, and annually thereafter.

(c) Filing articles of merger when the resulting association is a state association, a minimum fee of Five Hundred Dollars ($ 500.00) up to a maximum fee of Two Thousand Five Hundred Dollars ($ 2,500.00), as fixed by the commissioner.

(d) Filing an application for conversion from a national association to a state association, a minimum fee of Five Hundred Dollars ($ 500.00) up to a maximum fee of Two Thousand Five Hundred Dollars ($ 2,500.00) as fixed by the commissioner.

(e) Filing an application for a branch bank, branch office, or drive-in teller window, a minimum fee of Two Hundred Fifty Dollars ($ 250.00) up to a maximum fee of One Thousand Five Hundred Dollars ($ 1,500.00), as fixed by the commissioner.

The commissioner shall publish a schedule of fees applicable to all associations within his jurisdiction.