2023 New York Laws › BNK - Banking › Article 2 - Department of Financial Services; Superintendent of Financial Services; Supervisory and Regulatory Powers › 18-A - Application Fees.

§ 18-a. Application fees. 1. The provisions of this section shall only
be  applicable  to  applications  for  which  a  fee is authorized to be
imposed  by  any  other  provision  of  this  chapter   or   regulations
promulgated thereunder.
2.  The  fees set forth in this section may be imposed notwithstanding
any fee amount set forth in any other provision of this chapter  or  the
regulations promulgated thereunder.
3.  As  used in this section, "applications" shall include notices and
similar filings.
4. The fee which shall be imposed for any application for  an  initial
license,  registration,  incorporation or for the formation of any other
entity pursuant to this chapter, or for a merger, acquisition,  purchase
or  sale  of  assets,  change  of  control, or for any other application
requiring the approval of the superintendent that  may  necessitate,  as
determined   by   the  superintendent,  a  determination  regarding  the
character or fitness and/or the safety and soundness of  such  applicant
or a similar investigative undertaking by the department, shall be:
(a) twelve thousand five hundred dollars when such application relates
to  a  banking organization, bank holding company or, except as provided
in paragraph (b) of this subdivision, a foreign banking corporation;
(b) seven thousand five hundred dollars when such application  relates
to  licensing  a  branch,  agency  or representative office of a foreign
banking corporation;
(c) one thousand five hundred dollars when the application relates  to
a mortgage broker; or
(d) three thousand dollars for all other such applications.
5.  The  fee  for  any other application requiring the approval of the
superintendent, including, but not limited to, any application  required
to  change  the  name  of  the  applicant,  open  branches or offices or
additional  locations,  or  relocate  an  existing  branch,  office,  or
location,  and  any other application not subject to subdivision four of
this section, shall be:
(a) seven hundred fifty dollars when  the  application  relates  to  a
banking  organization,  bank  holding  company, out-of-state state bank,
foreign credit union, or foreign banking corporation;
(b) two thousand dollars when the application relates to the licensing
of an additional location or change of location or the  licensing  of  a
mobile unit of a licensed casher of checks; or
(c) five hundred dollars for all other such applications.
6.  The  superintendent,  in  his or her sole discretion, may waive or
reduce the amount of the fee to be imposed  pursuant  to  this  section,
either on a case-by-case basis or, by regulation, generally with respect
to a type of application, if the superintendent determines that:
(a) the payment of such fee would impose an economic hardship upon the
applicant;
(b)  the  amount of such fee is excessive with respect to the expenses
incurred by the department of financial  services  to  investigate  such
application; or
(c)  such  waiver  or reduction (i) serves the interests of interstate
administrative reciprocity or multi-state regulatory  cooperation;  (ii)
facilitates  the administration of the department of financial services;
or (iii) is otherwise appropriate.