Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 141 - ASSESSMENTS - NONDEPOSITORY TRUST COMPANIES, UNINSURED BANKS, AND MERCHANT BANKS (REG. 41)
Section 029-141-IV - GENERAL PROVISIONS
Universal Citation: 02 ME Code Rules ยง 029-141-IV
Current through 2024-38, September 18, 2024
A. Beginning with the assessment for the calendar quarter ending March 31, 2022 and quarterly thereafter, each nondepository trust company, uninsured bank, and merchant bank shall pay an assessment to the Bureau of Financial Institutions as follows:
1. Each nondepository trust company shall pay
an assessment which shall be the greater of (a) $1,000 or (b) 2.25¢ for
every $10,000 of the assets subject to assessment.
2. Each uninsured bank and merchant bank that
predominately engages in the business of a nondepository trust company shall
pay an assessment which shall be the greater of (a) $1,000 or (b) 2.25¢
for every $10,000 of the assets subject to assessment.
3. Each uninsured bank and merchant bank that
is not predominately engaged in the business of a nondepository trust company
shall pay an assessment calculated in accordance with Title
9-B M.R.S.
§214(2)(A) and any
rules promulgated thereunder.
B. Each nondepository trust company, uninsured bank, and merchant bank shall file, in the manner required by the Bureau of Financial Institutions, a report that fully provides information in support of any assessment being paid.
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