Md. Code Regs. 09.03.14.02

Current through Register Vol. 51, No. 25, December 13, 2024

Section 09.03.14.02 - Examination Fees

A. This chapter is intended to set fees to cover the reasonably incurred costs of examinations of a licensee or its authorized delegate pursuant to Financial Institutions Article, § 12-424(c), Annotated Code of Maryland.

B. The Commissioner of Financial Regulation sets the following daily fees for each of the Commissioner's employees engaged in the examination of a licensee or its authorized delegate:

(1) $300 per day for an employee serving in a position of Financial Regulation Non-Depository Examiner in the Office of the Commissioner; and

(2) $375 per day for an employee serving in a position of Financial Regulation Non-Depository Examiner Supervisor in the Office of the Commissioner.

C. A licensee or its authorized delegate shall reimburse each of the Commissioner's employees engaged in on-site examination for travel, meal, lodging, and other related travel expenses using the criteria and at the rates set forth in the Standard State Travel Regulations.

D. The revenues collected from the fees set pursuant to these regulations shall be deposited in the Money Transmission Fund pursuant to Financial Institutions Article, § 12-404, Annotated Code of Maryland.

Md. Code Regs. 09.03.14.02

Regulations .02 recodified from .01 effective 50:24 Md. R. 1041, eff. 12/11/2023