6.1-94 - (Repealed effective October 1, 2010) Fees for supervision and regulation and for certain examinations and investigations. - Virginia Statutes

§ 6.1-94. (Repealed effective October 1, 2010) Fees for supervision andregulation and for certain examinations and investigations.

A. Every bank shall pay for its supervision and regulation annual andadditional fees as follows:

1. A bank's annual fee shall be calculated according to a schedule set by theCommission; such schedule shall bear a reasonable relationship to the assetsof various individual banks and to other factors relating to their respectivecosts for supervision, regulation, and examination.

2. For the supervision and regulation of trust departments, the Commissionshall charge an additional fee of $330 per day per examiner duringexaminations.

3. For investigating an application for a certificate of authority pursuantto § 6.1-13, the Commission shall charge a fee of $10,000.

4. For investigating an application for authority to establish a branchpursuant to § 6.1-39.3 or a facility pursuant to § 6.1-42, the Commissionshall charge a fee of $1,800.

5. For investigating an application of merger, the Commission shall charge afee of $7,500 and shall not be entitled to any further fees for investigatingany application to retain existing branches of the applying banks as branchesof the merged bank.

6. For investigating an application for authority to change the location ofan existing bank or branch bank, the Commission shall charge a fee of $1,000.

7. For investigating an application for authority to exercise trust powers,the Commission shall charge a fee of $2,000.

B. Notwithstanding the designation of the several fees set forth insubdivisions 2 through 7 of subsection A, the Commission may reduce byregulation or order any such fee or fees, if the Commission concludes thatthere is a reasonable basis for doing so and that the reduction of the feewill not be detrimental to the effectiveness of the Bureau of FinancialInstitutions.

(Code 1950, § 6-122; 1956, c. 176; 1966, c. 584; 1972, c. 195; 1973, c. 401;1974, c. 184; 1976, cc. 554, 658; 1981, c. 520; 1982, c. 455; 1987, c. 172;1992, c. 283; 1997, c. 141; 1998, c. 19.)