02-029-137 Me. Code R. § IV

Current through 2024-46, November 13, 2024

Section 029-137-IV - GENERAL PROVISIONS OF THE REGULATION

Each out-of-state financial institution that plans to operate one or more branches in this State must notify the Superintendent of its intention to do so and pay a filing fee in accordance with Title 9-B M.R.S.A. Chapter 37. Thereafter each out-of-state financial institution operating one or more branches in this State shall file an annual notice, in the form and containing such information as required by the Superintendent, and remit a fee in accordance with the following:

1. The branch assessment fee shall equal $300 per branch being operated in this State, for all or any portion of, the preceding calendar year; for purposes of this assessment, a satellite facility is not considered to be a branch.

2. The annual notice shall be filed on or before January 31st of each year; and the branch assessment fee shall be due and payable on that date unless deferred by the Superintendent. Any deferred assessment on an interstate branch that is sold or closed during a calendar year shall be due and payable upon the sale or closing of such branch.

02-029 C.M.R. ch. 137, § IV