§ 2-108. Collection of nonrefundable fees.

MD Fin Inst Code § 2-108 (2019) (N/A)
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(a)    The Commissioner shall charge and collect, in advance, the following nonrefundable fees:

(1)    An examination fee for a new commercial bank charter under § 3–203 of this article......................................................................................................$15,000

(2)    A filing fee for an agreement of consolidation, merger, or transfer of assets under § 3–703 of this article:

(i)    Between two commercial banks    $3,000

(ii)    Among three or more commercial banks    $5,000

(3)    An application fee for a banking institution to have an affiliate under § 5–403 of this article    $750

(4)    A fee for a conversion of a national banking association, a federal stock savings and loan association, or a federal stock savings bank into a commercial bank under § 3–801 of this article or a federal mutual savings bank into a savings bank under § 4–701.1 of this article:

(i)    Filing fee    $7,000

(ii)    Examination fee    $3,000

(5)    Subject to subsection (b) of this section, a branch fee for:

(i)    An application of a banking institution or other–state bank to open a branch under §§ 5–1003 and 5–1005(a) of this article    $600;

or

(ii)    An expedited notice of a banking institution or other–state bank to open a branch under §§ 5–1003 and 5–1005(b) of this article    $400

(6)    An application fee for a foreign banking permit under § 12–208 of this article......................................................................................................................$500

(7)    A renewal fee for a foreign banking permit under § 12–210 of this article..............................................................................................................................$500

(8)    A fee for a certificate of valid charter:

(i)    If requested by or on behalf of a banking institution    $25

(ii)    If requested by or on behalf of a person other than a banking institution.........................................................................................................................$50

(9)    A fee for a certified copy of a document    $50

(10)    An application fee for conversion of a savings bank to a capital stock commercial bank under § 4–703 of this article………………………………….$5,000

(b)    The branch fee under subsection (a)(5) of this section does not apply to:

(1)    A branch that is acquired by a banking institution through a merger or consolidation with, or transfer to the banking institution of all or substantially all of the assets of, a bank or an insured depository institution; or

(2)    An other–state bank chartered by a state that does not charge a fee to a banking institution for establishing a branch in that state.