Kentucky Administrative Regulations
Title 808 - PUBLIC PROTECTION CABINET - DEPARTMENT OF FINANCIAL INSTITUTIONS
Chapter 1 - Administration
Section 808 KAR 1:140 - Fees
Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO: KRS 286.3-010, 286.3-020, 286.3-050, 286.3-095, 286.3-135, 286.3-140, 286.3-145, 286.3-146, 286.3-170, 286.3-172, 286.3-174, 286.3-180, 286.3-185, 286.3-450, 286.3-480, 286.3-530, 286.3-820, 286.3-905, 286.3-920, 286.6-100, 286.8-046, 286.8-090, 286.9-110
NECESSITY, FUNCTION, AND CONFORMITY: KRS 286.1-020(1) authorizes the commissioner to promulgate administrative regulations to interpret and carry out the provisions and intent of KRS Chapter 286. KRS 286.3-145 and 286.3-146 authorize the commissioner to prescribe filing fees for trust companies that want to establish or acquire and maintain a trust office or trust representative office. KRS 286.3-480 requires the commissioner to establish fees for certain investigations, applications, examination of assets, and extraordinary services performed for any financial institution. KRS 286.3-480(1)(b) requires each state bank to pay an annual assessment based on the assets of the bank or branch. KRS 286.6-100(1)(d) requires each credit union subject to supervision and examination by the commissioner to pay an annual fee to the commissioner based on the assets of the credit union and any fees for extraordinary services performed by the department for a particular credit union. This administrative regulation establishes examination fees, assessment fee schedules, and fees for related services for banks, credit unions, check casher licensees, and mortgage loan companies and brokers.
Section 1. Definitions.
Section 2. Hourly Examination Fees.
Section 3. Determination of Bank Assets Subject to Assessment.
Section 4. Bank Assessment Fee Schedule.
BANK ASSESSMENT FEE SCHEDULE
If the amount of total assets is: |
Assessment shall be: |
|||
Over |
But Not Over |
This Amount |
Plus |
Of Excess Over |
$0 |
$2 Million |
$0 |
$0.001 |
$0 |
$2 Million |
$25 Million |
$2,00 0 |
$0.0001 2 |
$2 Million |
$25 Million |
$50 Million |
$4,76 0 |
$0.0000 55 |
$25 Million |
$50 Million |
$75 Million |
$6,13 5 |
$0.0000 45 |
$50 Million |
$75 Million |
$100 Million |
$7,26 0 |
$0.0000 4 |
$75 Million |
$100 Million |
$125 Million |
$8,26 0 |
$0.0000 35 |
$100 Million |
$125 Million |
$150 Million |
$9,13 5 |
$0.0000 3 |
$125 Million |
$150 Million |
$175 Million |
$9,88 5 |
$0.0000 25 |
$150 Million |
$175 Million |
$200 Million |
$10,5 10 |
$0.0000 2 |
$175 Million |
$200 Million |
$500 Million |
$11,0 10 |
$0.0000 19 |
$200 Million |
$500 Million |
$1,000 Million |
$16,7 10 |
$0.0000 185 |
$500 Million |
$1,000 Million |
$25,9 60 |
$0.0000 18 |
$1,000 Million |
Section 5. Bank-related Services. An applicant or institution shall pay the department a fee for the services identified in the following table:
Service |
Fee |
Review of application submitted pursuant to KRS 286.3-020 |
$5,000, plus the hourly fee established in Section 2 of this administrative regulation for each examiner that conducts an investigation of the applicant. |
Review of application submitted pursuant to KRS 286.3-135 |
$5,000, plus the hourly fee established in Section 2 of this administrative regulation for each examiner that conducts an investigation of the applicant. |
Review of plan submitted pursuant to KRS 286.3-172 |
$5,000, plus the hourly fee established in Section 2 of this administrative regulation for each examiner that conducts an investigation of the applicant. |
Review of amendments submitted pursuant to KRS 286.3-050(4) if at least one (1) amendment is being made pursuant to KRS 286.3-140(1) |
$1,000 |
Review of amendments submitted pursuant to KRS 286.3-050(4) if none of the amendments are being made pursuant to KRS 286.3-140(1) |
$250 |
Review of application required pursuant to KRS 286.3-180 unless the application is being made concurrently with an application required pursuant to KRS 286.3-920(2) |
$500 |
Review of application required pursuant to KRS 286.3-820 |
$500 |
Review of application required pursuant to KRS 286.3-920(2) or 286.3-920(3) unless the application is being made concurrently with an application required pursuant to KRS 286.3-905 |
$2,500 |
Review of notice required pursuant to KRS 286.3-145(4) |
$500 |
Review of notice required pursuant to KRS 286.3-145(5) or 286.3-146(4) |
$1,000 |
Review of application required pursuant to KRS 286.3-185 |
$500 |
Examination conducted pursuant to KRS 286.3-480(1)(c) |
The hourly fee established in Section 2 of this administrative regulation for each examiner that conducts the examination. |
Extraordinary services performed |
The hourly fee established in Section 2 of this administrative regulation for each examiner that conducts the review or special examination. |
Section 6. Payment Terms.
Section 7. Credit Unions.
If the amount of total assets is: |
Assessment shall be: |
|||
Over |
But Not Over |
This Amount |
Plus |
Of Excess Over |
$0 |
$2 Million |
$1,032.50 |
$0.00045 |
$1 Million |
$2 Million |
$5 Million |
$1,482.50 |
$0.0003 |
$2 Million |
$5 Million |
$20 Million |
$2,382.50 |
$0.00015 |
$5 Million |
$20 Million |
$50 Million |
$4,632.50 |
$0.00013 |
$20 Million |
$50 Million |
$100 Million |
$8,532.50 |
$0.0001 |
$50 Million |
$100 Million |
$11,532.50 |
$0.00005 |
$100 Million |
Section 8.
Section 9.
STATUTORY AUTHORITY: KRS 286.1-020(1), 286.3-145, 286.3-146, 286.3-480(1)(b), 286.6-100(1)(d)