209 CMR, § 31.43

Current through Register 1536, December 6, 2024
Section 31.43 - Assessments
(1) Each fiscal year, the Commissioner of Banks shall make an assessment against all electronic branches established under M.G.L. c. 167B, 167C, or 171 according to an annually determined rate for the purpose of reimbursing the Commonwealth for the costs and expenses incurred by the Division of Banks in meeting the requirements of M.G.L. c. 167B.
(2) In such instances where a merchant provides a location for an electronic branch that is operated by a financial institution, the financial institution shall be responsible for payment of the annual assessment to the Commissioner.

209 CMR, § 31.43

Adopted by Mass Register Issue 1328, eff. 12/16/2016.