Texas Administrative Code › Title 7 - BANKING AND SECURITIES › Part 2 - TEXAS DEPARTMENT OF BANKING › Chapter 21 - TRUST COMPANY CORPORATE ACTIVITIES › Subchapter A - FEES AND OTHER PROVISIONS OF GENERAL APPLICABILITY › Section 21.2 - Filing and Investigation Fees

Current through Reg. 49, No. 28; July 12, 2024
(a) Types of fees. Subsection (b) of this
				  section contains filing fees for specified applications and notices submitted
				  to the department, and subsection (c) of this section requires a fee for
				  protesting an application. These fees are due at the time the application or
				  protest is submitted. Subsection (d) of this section requires an investigation
				  fee to be paid in certain cases once an application has been accepted by the
				  department for filing, and in other cases may require payment of investigative
				  costs upon written request of the department. Pursuant to subsection (e) of
				  this section, an applicant may seek waiver or reduction of required
				  fees.
(b) Filing fees.
				  Simultaneously with a submitted application or notice, an applicant shall pay
				  to the department:
(1) $10,000 for an
				  application for trust company charter pursuant to Finance Code, §
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				  182.003;
(2) $5,000 for an application for conversion
				  of exempt trust company to non-exempt pursuant to Finance Code, §
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				  182.011(d);
(3) $7,500 for an application to authorize a
				  merger or share exchange pursuant to Finance Code, §
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				  182.302, and §
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				  21.64 of this title (relating to Application
				  for Merger or Share Exchange), or $4,000 for an application accepted for
				  expedited treatment pursuant to §
											RSA 21.63 of
				  this title (relating to Expedited Filings);
(4) $2,000 for each request to authorize an
				  additional merger if more than one affiliated merger is to occur
				  simultaneously;
(5) $5,000 for an
				  application to authorize a purchase of assets pursuant to Finance Code, §
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				  182.401, if the purchase price exceeds an
				  amount equal to three times the sum of the trust company's equity capital less
				  intangible assets;
(6) $2,500 for
				  an application to authorize the sale of substantially all assets pursuant to
				  Finance Code, §
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				  182.405;
(7) $1,000 for a subsidiary notice letter
				  pursuant to Finance Code, §
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				  184.103(c), plus an amount
				  up to an additional $3,500 if the banking commissioner notifies the applicant
				  that additional information and analysis is required;
(8) $10,000 for an application regarding
				  acquisition of control pursuant to Finance Code, §
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				  183.002, or $5,000 if the applicant has
				  previously been approved to control another trust company and no material
				  changes in the applicant's circumstances have occurred since the prior
				  approval;
(9) $500 for a notice to
				  change home office with no abandonment of existing office pursuant to Finance
				  Code, §
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				  182.202(c), and §
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				  21.41(a) of this title
				  (relating to Written Notice and Application for Change of Home
				  Office);
(10) $2,000 for an
				  application to relocate the home office with abandonment of existing office
				  pursuant to Finance Code, §
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				  182.202(d), and §
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				  21.41(b) of this title, or
				  $1,000 for an application accepted for expedited treatment pursuant to §
											RSA 21.3 of
				  this title (relating to Expedited Filings);
(11) $500 for a notice of additional office
				  pursuant to Finance Code, §
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				  182.203(a), and §
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				  21.42 of this title (relating to
				  Establishment, Relocation and Closing of an Additional Office), plus an
				  additional $1,500 if the banking commissioner notifies the applicant pursuant
				  to Finance Code, §
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				  182.203(b), and §
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				  21.42(c) of this title that
				  additional information and analysis is required;
(12) $500 for an application for release from
				  a final removal or prohibition order pursuant to Finance Code, §
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				  185.0071;
(13) $300 for an application to amend a trust
				  company charter (certificate of formation) pursuant to Finance Code, §
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				  182.101;
(14) $2,500 for an application to authorize a
				  reverse stock split subject to the substantive provisions of §
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				  21.92 of this title (relating to Amendment of
				  Certificate to Effect a Reverse Stock Split);
(15) $100 for a request for a "no objection"
				  letter to use a name containing a term listed in Finance Code, §
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				  181.004, by an entity other than a depository
				  institution or a trust company;
(16) $1,000 for an application to authorize
				  acquisition of treasury stock pursuant to Finance Code, §
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				  184.102, and §
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				  21.91 of this title (relating to Acquisition
				  and Retention of Shares as Treasury Stock);
(17) $1,000 for an application to authorize
				  an increase or reduction in capital and surplus pursuant to Finance Code,
				  §
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				  182.103;
(18) $2,500 for an application by an existing
				  trust company for exemption pursuant to Finance Code, § 182.012, and
				  §
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				  21.24 of this title (relating to Exemptions
				  for Family Trust Companies);
(19)
				  $2,500 for an application for authority to accept deposits pursuant to Finance
				  Code, §§
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				  182.101,
				  RSA 184.301, and
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				  184.302, and §
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				  21.31 of this title (relating to Notice to
				  Engage in Trust Deposits);
(20)
				  $100 for the annual certification filing for an exempt trust company pursuant
				  to Finance Code, §
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				  182.013;
(21) $10,000 for an application to convert
				  from a trust institution to a state trust company pursuant to Finance Code,
				  §
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				  182.502; and
(22) $500 for a request to the banking
				  commissioner to exempt an acquisition of control transaction from the
				  requirements of Finance Code, §
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				  183.001, pursuant to Finance Code, §
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				  183.001(d)(4), which fee
				  will be applied to a subsequent application for approval of an acquisition of
				  control if the exemption is denied.