Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part I - General Provisions
Chapter 5 - ASSESSMENTS
Section 5.6 - Implementation schedule

Universal Citation: 10 PA Code ยง 5.6

Current through Register Vol. 54, No. 12, March 23, 2024

(a) General rule. The Department will provide an implementation schedule for banks, bank and trust companies, savings banks, savings associations and trust companies to adjust to the assessments generated by this chapter.

(b) Implementation schedule. Banks, bank and trust companies, savings banks, savings associations and trust companies shall pay assessments according to the following implementation schedule:

(1) Seventy percent of the total assessment calculated by §§ 5.2, 5.3 and 5.5 (relating to semiannual assessment for banks, bank and trust companies, savings banks and savings associations; semiannual assessment for trust companies; and adjustments to assessments; invoicing) for the first 12 months after ___________.

(2) Eighty-five percent of the total assessment calculated by §§ 5.2, 5.3 and 5.5 for the second 12 months after ___________.

(3) One hundred percent of the total assessment calculated by §§ 5.2, 5.3 and 5.5 for the third 12 months after ___________.

This section cited in 10 Pa. Code § 5.6a (relating to implementation schedule-statement of policy).

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