Compilation of Rules and Regulations of the State of Georgia › Department 80 - RULES OF DEPARTMENT OF BANKING AND FINANCE › Chapter 80-5 - FINANCIAL INSTITUTIONS › Subject 80-5-1 - SUPERVISION, EXAMINATION, REGISTRATION AND INVESTIGATION FEES ADMINISTRATIVE LATE FEES › Rule 80-5-1-.03 - Examination, Supervision, Registration, Application and Other Fees for Financial Institutions and Nonbank Subsidiaries of Banks or Holding Companies

Current through Rules and Regulations filed through June 27, 2024
(1)
Examinations.
That portion of annual appropriations allocable to regular examination and supervision activities shall be assessed in accordance with the following scale for depository financial institutions:
(a) If the amount of Total Assets is:
If the amount of Total Assets is:
Assessment will be:
Over
But Not Over
This Amount
Plus
Of Excess Over
0
1,700,000
0
0.001800
*0
1,700,000
15,000,000
3,060
0.000230
1,700,000
15,000,000
85,000,000
6,119
0.000190
15,000,000
85,000,000
185,000,000
19,419
0.000100
85,000,000
185,000,000
915,000,000
29,419
0.000095
185,000,000
915,000,000
1,825,000,000
98,769
0.000085
915,000,000
1,825,000,000
5,470,000,000
176,119
0.000072
1,825,000,000
5,470,000,000
18,240,000,000
438,559
0.000056
5,470,000,000
18,240,000,000
36,485,000,000
1,153,679
0.000050
18,240,000,000
36,485,000,000
45,000,000,000
2,065,929
0.000040
36,485,000,000
45,000,000,000
57,000,000,000
2,406,529
0.000035
45,000,000,000
57,000,000,000
92,000,000,000
2,826,529
0.000030
57,000,000,000
92,000,000,000
130,000,000,000
3,876,529
0.000025
92,000,000,000
130,000,000,000
180,000,000,000
4,826,529
0.000023
130,000,000,000
180,000,000,000
5,976,529
0.000020
180,000,000,000
* Minimum assessment is $350.
Note: Total Assets and resultant may be rounded to the nearest dollar.
(b) Except as provided in paragraph (4), all other financial institutions, including credit card banks, bankers banks, corporate credit unions, and related corporations not covered elsewhere in this Section, licensees under Article 4 (Money Transmitters) and 4A (Check Cashers) of Chapter 1 of Title 7, licensees and registrants under Article 13 of Chapter 1 of Title 7 (Georgia Residential Mortgage Act), licensees under Chapter 3 of Title 7 (Georgia Installment Loan Act), Georgia state representative offices as defined in O.C.G.A. §
										7-1-1100, trust departments, holding companies and financial service providers shall pay an examination fee at the rate of $65 per examiner-hour but not less than $500 unless such examination is conducted in conjunction with another ongoing examination in which case there shall be no minimum charge. The above per hour charge shall be compensation for the work of Department examiners as well as any necessary, qualified outside assistance. The examination fee shall be due and payable immediately upon receipt of documentation from the Department setting forth the total amount of the fee. The $500 minimum charge may be waived by the Commissioner or his/her designee when such charge clearly exceeds the hours spent on an examination.
(c) Notwithstanding the provisions of subsection (b) above, licensees under Article 13 of Chapter 1 of Title 7 shall pay the actual cost incurred by the Department in the conduct of an out of state examination, including personnel costs, transportation costs, meals, lodging and other incidental expenses, in addition to $65 per examiner hour spent on the examination.
(d) The Department may discount or surcharge all examination and supervision fees herein provided to assure that anticipated revenues of the Department will fund the annual appropriation by the General Assembly.
(e) The Department may also require reimbursement for direct expenses, such as transportation costs, meals, lodging, etc. associated with out-of-state examinations or supervisory visits for any regulated entity, including money services businesses.