United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-1-401

This section requires several financial institutions and applicants to pay specified fees to the commissioner.

Source excerpt

administrative processingannual feeassessmentsasset-based calculationasset-based rate scheduledepository institutionexaminationexamination feeexamination feesfeesfiling feesfinancial institution feeshourly ratelicense feeslicensuremoney transmissionregistration feesregulatory feestaxtrust department examinations

Jurisdiction: United States — Utah
Status: In force
Dates: Legal dates not recorded

On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

Purpose and legislative effect

“This section requires several financial institutions and applicants to pay specified fees to the commissioner.”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

How the instrument operates

01
Start with the recorded version

Legal dates not recorded. The date shown identifies this source expression and should not be treated as proof that no later change exists.
02
Locate the controlling provision

Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.
03
Read conditions and exceptions together

Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.
04
Verify currency and official wording

Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

Fees payable to commissioner.

This section requires several financial institutions and applicants to pay specified fees to the commissioner.

Section 7-1-401

Subsection 7-1-401(1)(b)(iv)

On the next $50,000,000 of these assets, the rate is 12 cents per $1,000.

Section 7-1-401(1)(b)(iv)

Subsection 7-1-401(4)(b)

an additional fee determined in accordance with Subsection (7) for each examination by a state examiner.

Section 7-1-401(4)(b)

Subsection 7-1-401(6)(a)(ii)

A $2,500 filing fee applies to any person not described in Subsection (6)(a)(i).

Section 7-1-401(6)(a)(ii)

Subsection 7-1-401(9)

An applicant for licensure under Chapter 25, Money Transmitter Act must pay an original license fee of $300, in addition to any fee under Subsection (5).

Section 7-1-401(9)

Source and current-law status

In force source record

Source record from le.utah.gov · Legal dates not recorded

In force

This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Search within this statute

Search all stored provisions in this version.

Showing 35 of 35 provisions

Provision 35

Part 7-1-4

part 7-1-4 Fees

§ 7-1-401Fees payable to commissioner.Provision

Source excerpt

This section requires several financial institutions and applicants to pay specified fees to the commissioner.

Fees payable to commissioner. Except for an out-of-state depository institution with a branch in Utah, a depository institution under the jurisdiction of the department shall pay an annual fee: computed by averaging the total assets of the depository institution shown on each quarterly report of condition for the depository institution for the calendar year immediately preceding the date on which the annual fee is due under Section 7-1-402 ; and at the following rates: on the first $5,000,000 of these assets, the greater of: 65 cents per $1,000; or $500; on the next $10,000,000 of these assets, 35 cents per $1,000; on the next $35,000,000 of these assets, 15 cents per $1,000; on the next $50,000,000 of these assets, 12 cents per $1,000; on the next $200,000,000 of these assets, 10 cents per $1,000; on the next $300,000,000 of these assets, 6 cents per $1,000; and on all amounts over $600,000,000 of these assets, 2 cents per $1,000. A financial institution with a trust department shall pay a fee determined in accordance with Subsection (7) for each examination of the trust department by a state examiner. Notwithstanding Subsection (1) , a credit union in the credit union's first year of operation shall pay a basic fee of $25 instead of the fee required under Subsection (1) . A trust company that is not a depository institution or a subsidiary of a depository institution holding company shall pay: an annual fee of $500; and an additional fee determined in accordance with Subsection (7) for each examination by a state examiner. Any person or institution under the jurisdiction of the department that does not pay a fee under Subsections (1) through (4) shall pay: an annual fee of $200; and an additional fee determined in accordance with Subsection (7) for each examination by a state examiner. A person filing an application or request under Section 7-1-503 , 7-1-702 , 7-1-703 , 7-1-704 , 7-1-713 , 7-5-104 , or 7-18a-202 shall pay: a filing fee of $500 if on the day on which the application or request is filed the person: is a person with authority to transact business as a depository institution, a trust company, or any other person described in Section 7-1-501 as being subject to the jurisdiction of the department; and has total assets in an amount less than $5,000,000; or a filing fee of $2,500 for any person not described in Subsection (6)(a)(i) ; and all reasonable expenses incurred in processing the application. Per diem assessments for an examination shall be calculated at the rate of $55 per hour: for each examiner; and per hour worked. For an examination of a branch or office of a financial institution located outside of this state, in addition to the per diem assessment under this Subsection (7) , the institution shall pay all reasonable travel, lodging, and other expenses incurred by each examiner while conducting the examination. In addition to a fee under Subsection (5) , a person registering under Section 7-23-201 , 7-24-201 , or 7-27-201 shall pay an original registration fee of $300. In addition to a fee under Subsection (5) , a person applying for licensure under Chapter 25, Money Transmitter Act , shall pay an original license fee of $300.

Section 7-1-401Verify source

§ 7-1-401(1)Subsection 7-1-401(1)Provision

Source excerpt

A depository institution under the department’s jurisdiction must pay an annual fee, unless it is an out-of-state institution with a Utah branch.

Except for an out-of-state depository institution with a branch in Utah, a depository institution under the jurisdiction of the department shall pay an annual fee: computed by averaging the total assets of the depository institution shown on each quarterly report of condition for the depository institution for the calendar year immediately preceding the date on which the annual fee is due under Section 7-1-402 ; and at the following rates: on the first $5,000,000 of these assets, the greater of: 65 cents per $1,000; or $500; on the next $10,000,000 of these assets, 35 cents per $1,000; on the next $35,000,000 of these assets, 15 cents per $1,000; on the next $50,000,000 of these assets, 12 cents per $1,000; on the next $200,000,000 of these assets, 10 cents per $1,000; on the next $300,000,000 of these assets, 6 cents per $1,000; and on all amounts over $600,000,000 of these assets, 2 cents per $1,000.

Section 7-1-401(1)Verify source

§ 7-1-401(1)(a)Subsection 7-1-401(1)(a)Provision

Source excerpt

computed by averaging the total assets of the depository institution shown on each quarterly report of condition for the depository institution for the calendar year immediately preceding the date on which the annual fee is due under

Section 7-1-401(1)(a)Verify source

§ 7-1-401(1)(b)Subsection 7-1-401(1)(b)Provision

Source excerpt

at the following rates: on the first $5,000,000 of these assets, the greater of: 65 cents per $1,000; or $500; on the next $10,000,000 of these assets, 35 cents per $1,000; on the next $35,000,000 of these assets, 15 cents per $1,000; on the next $50,000,000 of these assets, 12 cents per $1,000; on the next $200,000,000 of these assets, 10 cents per $1,000; on the next $300,000,000 of these assets, 6 cents per $1,000; and on all amounts over $600,000,000 of these assets, 2 cents per $1,000.

Section 7-1-401(1)(b)Verify source

§ 7-1-401(1)(b)(i)Subsection 7-1-401(1)(b)(i)Provision

Source excerpt

For the first $5,000,000 of these assets, the amount is the greater of 65 cents per $1,000 or $500.

on the first $5,000,000 of these assets, the greater of: 65 cents per $1,000; or $500;

Section 7-1-401(1)(b)(i)Verify source

§ 7-1-401(1)(b)(i)(A)Subsection 7-1-401(1)(b)(i)(A)Provision

Source excerpt

Sets a rate of 65 cents per $1,000.

65 cents per $1,000; or

Section 7-1-401(1)(b)(i)(A)Verify source

§ 7-1-401(1)(b)(i)(B)Subsection 7-1-401(1)(b)(i)(B)Provision

Source excerpt

This provision states an amount of $500.

$500;

Section 7-1-401(1)(b)(i)(B)Verify source

§ 7-1-401(1)(b)(ii)Subsection 7-1-401(1)(b)(ii)Provision

Source excerpt

A charge of 35 cents per $1,000 applies to the next $10,000,000 of these assets.

on the next $10,000,000 of these assets, 35 cents per $1,000;

Section 7-1-401(1)(b)(ii)Verify source

§ 7-1-401(1)(b)(iii)Subsection 7-1-401(1)(b)(iii)Provision

Source excerpt

A rate of 15 cents per $1,000 applies to the next $35,000,000 of these assets.

on the next $35,000,000 of these assets, 15 cents per $1,000;

Section 7-1-401(1)(b)(iii)Verify source

§ 7-1-401(1)(b)(iv)Subsection 7-1-401(1)(b)(iv)Provision

Source excerpt

On the next $50,000,000 of these assets, the rate is 12 cents per $1,000.

on the next $50,000,000 of these assets, 12 cents per $1,000;

Section 7-1-401(1)(b)(iv)Verify source

§ 7-1-401(1)(b)(v)Subsection 7-1-401(1)(b)(v)Provision

Source excerpt

A rate of 10 cents per $1,000 applies to the next $200,000,000 of these assets.

on the next $200,000,000 of these assets, 10 cents per $1,000;

Section 7-1-401(1)(b)(v)Verify source

§ 7-1-401(1)(b)(vi)Subsection 7-1-401(1)(b)(vi)Provision

Source excerpt

A rate of 6 cents per $1,000 applies to the next $300,000,000 of these assets.

on the next $300,000,000 of these assets, 6 cents per $1,000; and

Section 7-1-401(1)(b)(vi)Verify source

§ 7-1-401(1)(b)(vii)Subsection 7-1-401(1)(b)(vii)Provision

Source excerpt

A charge applies to amounts over $600,000,000 of these assets at a rate of 2 cents per $1,000.

on all amounts over $600,000,000 of these assets, 2 cents per $1,000.

Section 7-1-401(1)(b)(vii)Verify source

§ 7-1-401(2)Subsection 7-1-401(2)Provision

Source excerpt

A financial institution with a trust department must pay a fee set under Subsection (7) for each examination by a state examiner.

A financial institution with a trust department shall pay a fee determined in accordance with Subsection (7) for each examination of the trust department by a state examiner.

Section 7-1-401(2)Verify source

§ 7-1-401(3)Subsection 7-1-401(3)Provision

Source excerpt

A credit union in its first year of operation must pay a basic fee of $25 instead of the fee in Subsection (1).

Notwithstanding Subsection (1) , a credit union in the credit union's first year of operation shall pay a basic fee of $25 instead of the fee required under Subsection (1) .

Section 7-1-401(3)Verify source

§ 7-1-401(4)Subsection 7-1-401(4)Provision

Source excerpt

A qualifying trust company must pay a $500 annual fee and an additional examination fee set under Subsection (7).

A trust company that is not a depository institution or a subsidiary of a depository institution holding company shall pay: an annual fee of $500; and an additional fee determined in accordance with Subsection (7) for each examination by a state examiner.

Section 7-1-401(4)Verify source

§ 7-1-401(4)(a)Subsection 7-1-401(4)(a)Provision

Source excerpt

an annual fee of $500; and

Section 7-1-401(4)(a)Verify source

§ 7-1-401(4)(b)Subsection 7-1-401(4)(b)Provision

Source excerpt

an additional fee determined in accordance with Subsection (7) for each examination by a state examiner.

Section 7-1-401(4)(b)Verify source

§ 7-1-401(5)Subsection 7-1-401(5)Provision

Source excerpt

Any person or institution under the jurisdiction of the department that does not pay a fee under Subsections (1) through (4) shall pay: an annual fee of $200; and an additional fee determined in accordance with Subsection (7) for each

Section 7-1-401(5)Verify source

§ 7-1-401(5)(a)Subsection 7-1-401(5)(a)Provision

Source excerpt

an annual fee of $200; and

Section 7-1-401(5)(a)Verify source

§ 7-1-401(5)(b)Subsection 7-1-401(5)(b)Provision

Source excerpt

an additional fee determined in accordance with Subsection (7) for each examination by a state examiner.

Section 7-1-401(5)(b)Verify source

§ 7-1-401(6)Subsection 7-1-401(6)Provision

Source excerpt

A person filing certain applications or requests must pay a filing fee and reasonable processing expenses.

A person filing an application or request under Section 7-1-503 , 7-1-702 , 7-1-703 , 7-1-704 , 7-1-713 , 7-5-104 , or 7-18a-202 shall pay: a filing fee of $500 if on the day on which the application or request is filed the person: is a person with authority to transact business as a depository institution, a trust company, or any other person described in Section 7-1-501 as being subject to the jurisdiction of the department; and has total assets in an amount less than $5,000,000; or a filing fee of $2,500 for any person not described in Subsection (6)(a)(i) ; and all reasonable expenses incurred in processing the application.

Section 7-1-401(6)Verify source

§ 7-1-401(6)(a)Subsection 7-1-401(6)(a)Provision

Source excerpt

The filing fee is $500 for certain applicants with total assets under $5,000,000, and $2,500 for persons not covered by that category.

a filing fee of $500 if on the day on which the application or request is filed the person: is a person with authority to transact business as a depository institution, a trust company, or any other person described in Section 7-1-501 as being subject to the jurisdiction of the department; and has total assets in an amount less than $5,000,000; or a filing fee of $2,500 for any person not described in Subsection (6)(a)(i) ; and

Section 7-1-401(6)(a)Verify source

§ 7-1-401(6)(a)(i)Subsection 7-1-401(6)(a)(i)Provision

Source excerpt

A $500 filing fee applies if the applicant or requestor is, on the filing day, a person authorized to transact business as a depository institution, trust company, or another person under Section 7-1-501, and has total assets under $5,000,000.

Section 7-1-401(6)(a)(i)Verify source

§ 7-1-401(6)(a)(i)(A)Subsection 7-1-401(6)(a)(i)(A)Provision

Source excerpt

A person with authority to transact business as a depository institution, a trust company, or another person described in Section 7-1-501 is within the department’s jurisdiction.

is a person with authority to transact business as a depository institution, a trust company, or any other person described in Section 7-1-501 as being subject to the jurisdiction of the department; and

Section 7-1-401(6)(a)(i)(A)Verify source

§ 7-1-401(6)(a)(i)(B)Subsection 7-1-401(6)(a)(i)(B)Provision

Source excerpt

A person meets this criterion if it has total assets of less than $5,000,000.

has total assets in an amount less than $5,000,000; or

Section 7-1-401(6)(a)(i)(B)Verify source

§ 7-1-401(6)(a)(ii)Subsection 7-1-401(6)(a)(ii)Provision

Source excerpt

A $2,500 filing fee applies to any person not described in Subsection (6)(a)(i).

a filing fee of $2,500 for any person not described in Subsection (6)(a)(i) ; and

Section 7-1-401(6)(a)(ii)Verify source

§ 7-1-401(6)(b)Subsection 7-1-401(6)(b)Provision

Source excerpt

all reasonable expenses incurred in processing the application.

Section 7-1-401(6)(b)Verify source

§ 7-1-401(7)Subsection 7-1-401(7)Provision

Source excerpt

The institution must pay a per diem assessment of $55 per hour for an examination, and if the examination is of a branch or office outside the state, it must also pay each examiner’s reasonable travel, lodging, and other expenses.

Per diem assessments for an examination shall be calculated at the rate of $55 per hour: for each examiner; and per hour worked. For an examination of a branch or office of a financial institution located outside of this state, in addition to the per diem assessment under this Subsection (7) , the institution shall pay all reasonable travel, lodging, and other expenses incurred by each examiner while conducting the examination.

Section 7-1-401(7)Verify source

§ 7-1-401(7)(a)Subsection 7-1-401(7)(a)Provision

Source excerpt

Per diem assessments for an examination are calculated at $55 per hour for each examiner and for each hour worked.

Per diem assessments for an examination shall be calculated at the rate of $55 per hour: for each examiner; and per hour worked.

Section 7-1-401(7)(a)Verify source

§ 7-1-401(7)(a)(i)Subsection 7-1-401(7)(a)(i)Provision

Source excerpt

for each examiner; and

Section 7-1-401(7)(a)(i)Verify source

§ 7-1-401(7)(a)(ii)Subsection 7-1-401(7)(a)(ii)Provision

Source excerpt

per hour worked.

Section 7-1-401(7)(a)(ii)Verify source

§ 7-1-401(7)(b)Subsection 7-1-401(7)(b)Provision

Source excerpt

For an examination of a branch or office outside the state, the institution must also pay each examiner’s reasonable travel, lodging, and other expenses.

For an examination of a branch or office of a financial institution located outside of this state, in addition to the per diem assessment under this Subsection (7) , the institution shall pay all reasonable travel, lodging, and other expenses incurred by each examiner while conducting the examination.

Section 7-1-401(7)(b)Verify source

§ 7-1-401(8)Subsection 7-1-401(8)Provision

Source excerpt

A person registering under Sections 7-23-201, 7-24-201, or 7-27-201 must pay an original registration fee of $300, in addition to any fee under Subsection (5).

In addition to a fee under Subsection (5) , a person registering under Section 7-23-201 , 7-24-201 , or 7-27-201 shall pay an original registration fee of $300.

Section 7-1-401(8)Verify source

§ 7-1-401(9)Subsection 7-1-401(9)Provision

Source excerpt

An applicant for licensure under Chapter 25, Money Transmitter Act must pay an original license fee of $300, in addition to any fee under Subsection (5).

In addition to a fee under Subsection (5) , a person applying for licensure under Chapter 25, Money Transmitter Act , shall pay an original license fee of $300.

Section 7-1-401(9)Verify source

Legislative relationships

0 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

No structured legislative relationships were detected

The statute remains fully searchable by provision. Consult the source text for amendments and cross-references that have not yet been indexed.

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint

Undated version · currentEnglish · In force

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

Utah Code § 7-1-401

Purpose and legislative effect

How the instrument operates

Start with the recorded version

Locate the controlling provision

Read conditions and exceptions together

Verify currency and official wording

Research entry points

Source and current-law status

In force source record

Sections and provisions

Search within this statute

0 referenced instruments

No structured legislative relationships were detected

Recorded versions and source checkpoint

Ask AI about this statute