HB1696 (2020) Compare Changes


Unchanged Version

Text to be removed highlighted in red.

1 Banks and Credit Unions; Regulatory Approval Procedures; Fee Schedule. Amend RSA 383-A:6-609 to read as follows:

383-A:6-609 Fee Schedule.

The commissioner shall charge a filing fee to each person for services rendered by the department in reviewing a notice or application. Sums collected under this section shall be payable to the state treasurer as restricted revenue and credited, in accordance with the banking division's accounting unit designation, to the appropriation for the commissioner. Charges for services shall be billed as follows:

(a) Fee for new state bank or credit union charter: $10,000

(b) Fee for domestication of foreign trust company: $7,500

(c) Fee for charter conversion, combination, acquisition, change in control, share exchange, reorganization, or approval of trust powers: $2,500

(d) Fee for the dissolution of a trust company: $2,000

(e) Fee for a reduction in a depository bank's capital, change in business plan or change in required capital of a trust company, amendment to a state bank's organizational instrument, amendment of a credit union's bylaws, or formation of a subsidiary entity that requires approval of the commissioner: $500

(f) Fee for a new branch, loan production office and trust company office: $500

(g) Fee for a relocation or termination of a branch, loan production office or trust company office: $100

(h) Fee to issue a certificate of existence: $50

(i) Fee for a reservation or approval of a name or trade name: $50

2 Effective Date. This act shall take effect 60 days after its passage.

Changed Version

Text to be added highlighted in green.

1 Banks and Credit Unions; Regulatory Approval Procedures; Fee Schedule. Amend RSA 383-A:6-609 to read as follows:

383-A:6-609 Fee Schedule.

(a) The commissioner shall charge a filing fee to each person for services rendered by the department in reviewing a notice or application. Sums collected under this section shall be payable to the state treasurer as restricted revenue and credited, in accordance with the banking division's accounting unit designation, to the appropriation for the commissioner. Charges for services shall be billed as follows:

(1) Fee for new state bank or credit union charter: $15,000

(2) Fee for domestication of foreign trust company: $7,500

(3) Fee for charter conversion, combination, acquisition, change in control, share exchange, reorganization, or approval of trust powers: $2,500

(4) Fee for the dissolution of a trust company: $2,000

(5) Fee for a reduction in a depository bank's capital, change in business plan or change in required capital of a trust company, amendment to a state bank's organizational instrument, amendment of a credit union's bylaws, or formation of a subsidiary entity that requires approval of the commissioner: $500

(6) Fee for a new branch, loan production office and trust company office: $500

(7) Fee for a relocation or termination of a branch, loan production office or trust company office: $100

(8) Fee to issue a certificate of existence: $50

(9) Fee for a reservation or approval of a name or trade name: $50

(b) If the commissioner determines that the cost to complete the investigation or examination of the notice or application exceeds the fee set forth in subparagraphs (a)(1)-(9), the person filing the notice or application shall pay the additional investigation or examination costs. The cost of the investigation or examination shall be determined in accordance with the per diem examination charge established in RSA 383:11, I provided, however, that the requirement that no entity shall be charged or pay less than one full day shall not apply.

2 Effective Date. This act shall take effect 60 days after its passage.