Section 2-108 - Collection of nonrefundable fees. - Maryland Statutes

§ 2-108. Collection of nonrefundable fees.
 

(a)  In general.- The Commissioner shall charge and collect, in advance, the following nonrefundable fees: 

(1) An examination fee for a new commercial bank charter under § 3-203 of this article  ............ $15,000 

(2) A filing fee for an agreement of consolidation, merger, or transfer of assets under § 3-703 of this article: 

(i) Between two commercial banks  ............ $3,000 

(ii) Among three or more commercial banks  ............ $5,000 

(3) An application fee for a banking institution to have an affiliate under § 5-403 of this article  ............ $750 

(4) A fee for a conversion of a national banking association, a federal stock savings and loan association, or a federal stock savings bank into a commercial bank under § 3-801 of this article or a federal mutual savings bank into a savings bank under § 4-701.1 of this article: 

(i) Filing fee  ............ $7,000 

(ii) Examination fee  ............ $3,000 

(5) Subject to subsection (b) of this section, a branch fee for: 

(i) An application of a banking institution or other-state bank to open a branch under §§ 5-1003 and 5-1005(a) of this article  ............ $600; or 

(ii) An expedited notice of a banking institution or other-state bank to open a branch under §§ 5-1003 and 5-1005(b) of this article  ............ $400 

(6) An application fee for a foreign banking permit under § 12-208 of this article  ............ $500 

(7) A renewal fee for a foreign banking permit under § 12-210 of this article  ............ $500 

(8) A fee for a certificate of valid charter: 

(i) If requested by or on behalf of a banking institution  ............ $25 

(ii) If requested by or on behalf of a person other than a banking institution  ............ $50 

(9) A fee for a certified copy of a document  ............ $50 

(b)  Exception.- The branch fee under subsection (a)(5) of this section does not apply to: 

(1) A branch that is acquired by a banking institution through a merger or consolidation with, or transfer to the banking institution of all or substantially all of the assets of, a bank or an insured depository institution; or 

(2) An other-state bank chartered by a state that does not charge a fee to a banking institution for establishing a branch in that state. 
 

[2008, ch. 36, § 6; ch. 293; 2009, ch. 741; 2010, ch. 457.]