La. Admin. Code tit. 10 § I-1503

Current through Register Vol. 50, No. 11, November 20, 2024
Section I-1503 - Fees and Assessments
A. Pursuant to the authority granted under R.S. 6:121; 6:576; 6:592; and 6:613, the following fee and assessment structure is hereby established to cover necessary costs associated with the administration of the Louisiana Trust Company Law, R.S. 6:571 et seq.

Description

Fee

A. Application for a de novo public trust company, or the merger or consolidation of public trust companies.

$10,000

B. The conversion from a national or federally-chartered trust company to a state-chartered public trust company.

$1,500

C. Application for a Louisiana trust company to establish a trust office or trust representative office.

Standard Form: $1,000

Short Form: $250

D. Application to form a de novo private trust company

$5,000

E. Application for a conversion or merger of a state-chartered trust company into a federally chartered depository institution or a federal trust company.

$1,500

F. Semi-annual assessment for each public trust company domiciled in Louisiana to be assessed no later than June 30th and December 31st.

$2,500

G. Semi-annual assessment for each private trust company domiciled in Louisiana to be assessed no later than June 30th and December 31st.

$1,000

H. Examination fee for each trust company domiciled in Louisiana . Fee per examiner.

$50 per hour

I. Review of a restatement and/or amendment to the Articles of Incorporation of a state-chartered Louisiana trust company.

$250

J. Application by a state-chartered trust company to establish or acquire a subsidiary.

$500

K. Annual certification for each private trust company

$500

L. The conversion from a private trust company to a public trust company.

$5,000

M. Examination fee for each out-of-state branch, administrative office, trust production office, or representative office of any trust company domiciled in Louisiana .

Any fees assessed pursuant to this rule plus any amounts assessed by the host state regulator for participating in the examination of the Louisiana entity.

N. Examination fee for each branch, administrative office, or representative office of any out-of-state trust company operating in Louisiana in the absence of a sharing agreement between OFI and the host state that establishes fees for examinations and other administrative cost. This fee shall be billed to the primary regulator of the out-of-state entity being examined, and due upon receipt of the OFI invoice.

$50/hour per examiner plus the actual expenses incurred by this office to conduct or assist in conducting such examinations.

La. Admin. Code tit. 10, § I-1503

Promulgated by the Office of the Governor, Office of Financial Institutions, LR 34:871 (May 2008).
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:121; 6:576; 6:592; and 6:613.