2006 Utah Code - 7-1-401 — Fees payable to commissioner.

     7-1-401.   Fees payable to commissioner.
     (1) Except for an out-of-state depository institution with a branch in Utah, a depository institution under the jurisdiction of the department shall pay an annual fee:
     (a) computed by averaging the total assets of the depository institution shown on each quarterly report of condition for the depository institution for the calendar year immediately proceeding the date on which the annual fee is due under Section 7-1-402; and
     (b) at the following rates:
     (i) on the first $5,000,000 of these assets, the greater of:
     (A) 65 cents per $1,000; or
     (B) $500;
     (ii) on the next $10,000,000 of these assets, 36 cents per $1,000;
     (iii) on the next $35,000,000 of these assets, 17 cents per $1,000;
     (iv) on the next $50,000,000 of these assets, 14 cents per $1,000;
     (v) on the next $200,000,000 of these assets, 11 cents per $1,000;
     (vi) on the next $300,000,000 of these assets, 7 cents per $1,000; and
     (vii) on all amounts over $600,000,000 of these assets, 2.625 cents per $1,000.
     (2) A financial institution with a trust department shall pay a fee determined in accordance with Subsection (7) for each examination of the trust department by a state examiner.
     (3) Notwithstanding Subsection (1), a credit union in its first year of operation shall pay a basic fee of $25 instead of the fee required under Subsection (1).
     (4) A trust company that is not a depository institution or a subsidiary of a depository institution holding company shall pay:
     (a) an annual fee of $500; and
     (b) an additional fee determined in accordance with Subsection (7) for each examination by a state examiner.
     (5) Any person or institution under the jurisdiction of the department that does not pay a fee under Subsections (1) through (4) shall pay:
     (a) an annual fee of $200; and
     (b) an additional fee determined in accordance with Subsection (7) for each examination by a state examiner.
     (6) A person filing an application or request under Section 7-1-503, 7-1-702, 7-1-703, 7-1-704, 7-1-713, 7-5-3, or 7-18a-202 shall pay:
     (a) a filing fee of $2,500; and
     (b) all reasonable expenses incurred in processing the application.
     (7) (a) Per diem assessments for an examination shall be calculated at the rate of $55 per hour:
     (i) for each examiner; and
     (ii) per hour worked.
     (b) For an examination of a branch or office of a financial institution located outside of this state, in addition to the per diem assessment under this Subsection (7), the institution shall pay all reasonable travel, lodging, and other expenses incurred by each examiner while conducting the examination.
     (8) In addition to a fee under Subsection (5), a person registering under Section 7-23-103 or 7-24-201 shall pay an original registration fee of $300.

Amended by Chapter 233, 2006 General Session