AI-assisted research summary: Applicants for financial institution licenses and permits must pay listed nonrefundable fees, and the department must refund prorated annual assessments if an application is denied.
6-126 - Application fees for financial institutions and enterprises 6-126 . Application fees for financial institutions and enterprises A. The following nonrefundable fees are payable to the department with the filing of the following: 1. To apply for a banking permit, $1,000. 2. To apply for an amendment to a banking or savings and loan association permit, $1,000. 3. To establish each banking branch office, $750. 4. To move a banking office to other than an established office of a bank, $1,000. 5. To apply for a savings and loan association permit, $5,000. 6. To establish each savings and loan association branch office, $1,500. 7. To move an office of a savings and loan association to other than an established office, $1,000. 8. To organize and establish a credit union, $100. 9. To establish each credit union branch or to move a credit union office to other than an established office of a credit union, $250. 10. To organize and establish any other financial institutions for which an application or investigation fee is not otherwise provided by law, $1,000. 11. To acquire control of a financial institution other than a consumer lender, $5,000. 12. To apply for a trust company license, $1,000. 13. To apply for a commercial mortgage banker, mortgage banker, escrow agent or consumer lender license, $1,000. 14. To apply for a mortgage broker, commercial mortgage broker, sales finance company or debt management company license, $500. 15. To apply for a collection agency license, $1,500. 16. To apply for a branch office of an escrow agent, consumer lender, commercial mortgage banker, mortgage banker or trust company, $500. 17. To apply for a branch office of a mortgage broker, commercial mortgage broker, debt management company or sales finance company, $250. 18. To apply for approval for the merger or consolidation of two or more financial institutions, $5,000 per institution. 19. To apply for approval to convert from a national bank or federal savings and loan charter to a state chartered institution, $1,000. 20. To apply for approval to convert from a federal credit union to a state chartered credit union, $500. 21. To apply for approval to merge or consolidate two or more credit unions, $500 per credit union. 22. To change the licensee name on a financial institution or enterprise license, except for a loan originator or appraiser license, not more than $250. 23. To apply for a license pursuant to chapter 12, article 1 of this title, $1,500 plus $25 for each branch office and authorized delegate to a maximum of $4,500. 24. To acquire control of a person that is licensed pursuant to chapter 12, article 1 of this title or a controlling person pursuant to chapter 12 of this title, $2,500. 25. To receive the following publications: (a) Quarterly bank and savings and loan statement of condition, not more than $10 per copy. (b) Monthly summary of actions report, not more than $5 per copy. (c) A list of licensees, a monthly pending actions report and all other in-house prepared reports or listings made available to the public, not more than $1 per page. 26. To apply for a loan originator license, an amount to be determined by the deputy director. 27. To apply for a loan originator license transfer, an amount to be determined by the deputy director. 28. To apply for a conversion from a mortgage banker license to a mortgage broker license, an amount to be determined by the deputy director. 29. For a premium finance company, $300 plus $300 for each branch office. 30. For an advance fee loan broker, $50. B. On application for a license or permit for an enterprise or consumer lender, the applicant shall pay the first year's annual assessment listed in subsection D of this section, prorated according to the number of quarters remaining until the date of the next annual assessment or renewal. If the result of the application ends in a denial, the department shall refund the prorated annual assessment that the applicant paid. Annual renewal fees are nonrefundable. C. On issuance of a license or permit for a financial institution, the department shall collect the first year's annual assessment or renewal fee for the financial institution, except for a consumer lender that paid on application, prorated according to the number of quarters remaining until the date of the next annual assessment or renewal. D. The following annual assessments and renewal fees shall be paid each year: 1. For an escrow agent or trust company, $1,000 plus $250 for each branch office. 2. For a debt management company or sales finance company, $500 plus $200 for each branch office. 3. For a collection agency, $600. 4. For an inactive mortgage broker or commercial mortgage broker, $250. 5. For a mortgage banker that negotiates or closes in the aggregate one hundred loans or less in the immediately preceding calendar year, $750, and for a mortgage banker that negotiates or closes in the aggregate over one hundred loans in the immediately preceding calendar year, $1,250. In addition, a mortgage banker shall pay $250 for each branch office. 6. For a commercial mortgage banker, $1,250. In addition, a commercial mortgage banker shall pay $250 for each branch office. 7. For a mortgage broker or commercial mortgage broker that negotiates or closes in the aggregate fifty loans or less in the immediately preceding calendar year, $250 and for a mortgage broker or commercial mortgage broker that negotiates or closes in the aggregate more than fifty loans in the immediately preceding calendar year, $500. In addition, a mortgage broker or commercial mortgage broker shall pay $200 for each branch office. 8. For a consumer lender, $1,000 plus $200 for each branch office. 9. For a licensee pursuant to chapter 12, article 1 of this title, $500 plus $25 for each branch office and each authorized delegate to a maximum of $2,500. 10. For a loan originator, an amount to be determined by the deputy director. 11. For a loan originator change to inactive status, an amount to be determined by the deputy director. 12. For a premium finance company, $300 plus $300 for each branch office. 13. For an advance fee loan broker, $25.