Rule 80-5-1-.03 - Examination, Supervision, Registration, Application and Other Fees for Financial Institutions and Nonbank Subsidiaries of Banks or Holding Companies(1)Examinations. That portion of annual appropriations allocable to regular examination and supervision activities shall be assessed in accordance with the following scale for depository financial institutions: (a) If the amount of Total Assets is: If the amount of Total Assets is: | Assessment will be: |
Over | But Not Over | This Amount | Plus | Of Excess Over |
0 | 1,700,000 | 0 | 0.001800 | *0 |
1,700,000 | 15,000,000 | 3,060 | 0.000230 | 1,700,000 |
15,000,000 | 85,000,000 | 6,119 | 0.000190 | 15,000,000 |
85,000,000 | 185,000,000 | 19,419 | 0.000100 | 85,000,000 |
185,000,000 | 915,000,000 | 29,419 | 0.000095 | 185,000,000 |
915,000,000 | 1,825,000,000 | 98,769 | 0.000085 | 915,000,000 |
1,825,000,000 | 5,470,000,000 | 176,119 | 0.000072 | 1,825,000,000 |
5,470,000,000 | 18,240,000,000 | 438,559 | 0.000056 | 5,470,000,000 |
18,240,000,000 | 36,485,000,000 | 1,153,679 | 0.000050 | 18,240,000,000 |
36,485,000,000 | 45,000,000,000 | 2,065,929 | 0.000040 | 36,485,000,000 |
45,000,000,000 | 57,000,000,000 | 2,406,529 | 0.000035 | 45,000,000,000 |
57,000,000,000 | 92,000,000,000 | 2,826,529 | 0.000030 | 57,000,000,000 |
92,000,000,000 | 130,000,000,000 | 3,876,529 | 0.000025 | 92,000,000,000 |
130,000,000,000 | 180,000,000,000 | 4,826,529 | 0.000023 | 130,000,000,000 |
180,000,000,000 | 5,976,529 | 0.000020 | 180,000,000,000 |
* Minimum assessment is $350.
Note: Total Assets and resultant may be rounded to the nearest dollar.
(b) Except as provided in paragraph (4), all other financial institutions, including credit card banks, bankers banks, corporate credit unions, and related corporations not covered elsewhere in this Section, licensees under Article 4 (Money Transmitters) and 4A (Check Cashers) of Chapter 1 of Title 7, licensees and registrants under Article 13 of Chapter 1 of Title 7 (Georgia Residential Mortgage Act), licensees under Chapter 3 of Title 7 (Georgia Installment Loan Act), Georgia state representative offices as defined in O.C.G.A. § 7-1-1100, trust departments, holding companies and financial service providers shall pay an examination fee at the rate of $65 per examiner-hour but not less than $500 unless such examination is conducted in conjunction with another ongoing examination in which case there shall be no minimum charge. The above per hour charge shall be compensation for the work of Department examiners as well as any necessary, qualified outside assistance. The examination fee shall be due and payable immediately upon receipt of documentation from the Department setting forth the total amount of the fee. The $500 minimum charge may be waived by the Commissioner or his/her designee when such charge clearly exceeds the hours spent on an examination.(c) Notwithstanding the provisions of subsection (b) above, licensees under Article 13 of Chapter 1 of Title 7 shall pay the actual cost incurred by the Department in the conduct of an out of state examination, including personnel costs, transportation costs, meals, lodging and other incidental expenses, in addition to $65 per examiner hour spent on the examination.(d) The Department may discount or surcharge all examination and supervision fees herein provided to assure that anticipated revenues of the Department will fund the annual appropriation by the General Assembly.(e) The Department may also require reimbursement for direct expenses, such as transportation costs, meals, lodging, etc. associated with out-of-state examinations or supervisory visits for any regulated entity, including money services businesses.(2) Banking applications: (a) Applicants for new branch offices or relocations of branches shall pay an investigation fee of $1,250 for each application that is processed as a regular application. Applicants for new branch offices or relocations of branches are not required to pay an investigation fee for each application that is processed as an expedited application. A simple redesignation of an existing bank location, which does not entail the closure or opening of a location, only requires a written application but does not require a fee.(b) Applicants for approval of new bank, trust company, state savings or mutual savings bank, or savings and loan associations charters shall pay an investigation fee of $20,000 for each application. Bank charter applications qualifying for expedited processing will be assessed an investigation fee of $10,000. Applicants for approval of a new credit card bank or a special purpose bank shall pay an investigation fee of $25,000. Prior to commencing business, successful applicants shall pay a supervisory and examination fee covering the preopening organizational supervision and initial operating supervision of the new institution in the amount of $5,000.(c) Applicants for approval for a company to become a bank holding company, other than for a de novo bank, may receive regular or expedited processing. Regular processing is $3,500; expedited processing is $2,500. Formation of a holding company simultaneously with formation of a de novo bank requires a regular processing fee of $3,500, which, if applicable, is reduced by the fee for a new state charter.(d) Applicants for a bank holding company to acquire five (5) percent or more but less than twenty-five (25) percent of the outstanding voting stock of a financial institution, or for review of a change of control shall pay an investigation fee of $3,500 for each such application, provided, however, the Commissioner may waive or reduce such investigation fee in the case of a merger under emergency conditions as determined by the Department or in the case of interstate transactions where a comparable fee has already been paid for an earlier, related transaction among the same entities.(e) Applicants for a bank holding company to acquire twenty-five (25) percent or more of the outstanding voting stock of a financial institution, shall pay an investigation fee of $6,000. Expedited processing for these acquisitions is $4,500. The fee for an intrastate and a covered interstate merger of banks or bank holding companies is $4,500, reduced by a Department fee for a simultaneous acquisition if it has been paid. The Commissioner, however, may waive or reduce such investigation fee in the case of a merger under emergency conditions as determined by the Department or, in the case of interstate transactions where a comparable fee has already been paid for an earlier, related transaction among the same entities.(f) Applicants for license to operate a Georgia state branch, a Georgia state agency, or domestic international banking facility shall pay an investigation fee of $5,000. In the event the application for a domestic international banking facility is denied, $2,000 representing the applicant's initial license fee shall be refunded. Domestic international banking facilities shall pay an annual license or registration fee of $2,000, on the first day of April of each year. Renewal licenses for domestic international banking facilities shall be issued for a twelve month period.(g) Depository financial institutions, except credit card banks, bankers banks, and corporate credit unions shall pay an annual supervision fee as part of the examination fee prescribed in Rule 80-5-1-.03.(h) All other financial institutions supervised by the Department who are not already covered by this chapter shall pay an annual supervision fee of $500, due on or before January 31 of each year.(i) The investigation fee for conversion to a state bank is $20,000.(j) If a bank satisfies the banking factors set out in the Department's Statement of Policies, the fee to exercise a single trust power is $250 and the processing is expedited to 7 days. A completed letter form application to exercise limited trust powers will be reviewed in 15 days; the fee is $750. A bank that desires to exercise full trust powers files a regular application including a copy of the FDIC application. A complete application will be reviewed in 30 days; the fee is $1,250.(k) Regular applications to establish or acquire a subsidiary of a bank shall require a fee of $500. Banks qualified to file expedited applications according to the criteria in DBF Rule 80-1-1-.10 are not subject to a fee.(3) General rules for fees; holding companies with subsidiaries in Georgia. (a) Each bank holding company supervised by the Department shall pay on or before September 15 an annual supervision fee of $1,000. Each Georgia bank holding company or a holding company that owns a Georgia bank shall pay each year on or before the date the holding company supervision fee is due an additional $500 for each Georgia non-bank subsidiary corporation of the bank holding company, excluding subsidiaries assessed pursuant to Rule 80-5-1-.03(1)(a) and subsidiaries paying an annual license or registration fee pursuant to Rule 80-5-1-.02(4), as of June 30 preceding the supervision fee due date.(b) Applications covering more than one transaction (branch, acquisition, merger, etc.), which require the Department to separately analyze each application shall pay the applicable fee for each transaction.(c) The annual assessment rates included in subparagraph (1)(a) above will normally be used in connection with any annual assessment of depository financial institutions having banking offices in more than one state including Georgia. The Commissioner, however, will have the discretion to deviate from the rates included in the assessment schedule and other rates and charges including application fees in order to facilitate or implement interstate efforts to regulate and supervise multi-state banks or for parity reasons.(4)(a) Each Georgia state branch or Georgia state agency as those terms are defined by O.C.G.A. § 7-1-1100 shall pay an annual assessment fee allocable to regular examination and supervision activities which shall be assessed in accordance with the following scale for depository financial institutions: If the Georgia state branch or Georgia state agency's total assets are:
Over Million | But Not Over Million | This Amount (Base Assessment) | Plus (Assessment Rate) | Of Excess Over Million |
$0.00 | $35.00 | $0.00 | 0.00013 | 0 |
35.00 | 100.00 | 4,550.00 | 0.000104 | 35 |
100.00 | 500.00 | 11,310.00 | 0.00008 | 100 |
500.00 | 1,000.00 | 42,990.00 | 0.000056 | 500 |
1,000.00 | 2,500.00 | 70,670.00 | 0.000032 | 1,000 |
2,500.00 | 5,000.00 | 119,310.00 | 0.000008 | 2,500 |
5,000.00 | 7,500.00 | 139,310.00 | 0.000004 | 5,000 |
7,500.00 | 10,000.00 | 149,310.00 | 0.0000016 | 7,500 |
10,000.00 | 153,310.00 | 0.0000008 | 10,000 |
Regardless of the rates above, the annual assessment must equal at least $2,000.
(c) Annual assessments are for the Department's fiscal year, July 1 through June 30. Assessments are based upon the total assets of the Georgia state branch or Georgia state agency as indicated in the periodic Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks ("report") preceding the assessment date filed by the Georgia state branch or Georgia state agency. All financial institutions will be assessed, either for a full year or for a partial year, as appropriate. Annual assessments for Georgia state branches and Georgia state agencies existing on July 1, will be based on June 30 reports, should be delivered on or about September 10, and are due and payable no later than September 30. A late payment penalty may be assessed for the full year billing at any time after the due date. Assessments related to a conversion to a Georgia state branch or Georgia state agency or to a license issuance after July 1 will be prorated for the number of full and partial months as a Georgia state branch or Georgia state agency and will be delivered as soon as practical and shall be due and payable upon receipt. A late payment penalty may be assessed for the partial year billing fourteen days after bill issuance. Under no circumstances shall any portion of any annual assessment paid to the Department be refunded.Ga. Comp. R. & Regs. R. 80-5-1-.03
O.C.G.A. §§ 7-1-41, 7-1-61.
Original Rule entitled "Examination and Investigation Fees" adopted. F. Nov. 4, 1975; eff. Nov. 24, 1975.Amended: F. June 8, 1976; eff. June 28, 1976.Amended: F. June 9, 1980; eff. July 1, 1980, as specified by the Agency.Amended: F. July 13, 1981; eff. August 2, 1981.Repealed: New Rule of the same title adopted. F. May 24, 1982; eff. June 13, 1982.Repealed: New Rule of the same title adopted. F. June 28, 1984; eff. August 1, 1984, as specified by the Agency.Amended: F. June 10, 1988; eff. June 30, 1988.Amended: F. Sept. 4, 1990; eff. Sept. 24, 1990.Amended: F. Oct. 15, 1993; eff. Nov. 4, 1993.Amended: Rule retitled "Examination, Supervision, Application and Other Fees". F. Aug. 26, 1997; eff. Sept. 15, 1997.Amended: Rule retitled "Examination, Supervision, Registration, Application and Other Fees for Banking Activities and Nonbank Subsidiaries of Banks or Holding Companies". F. July 14, 1998; eff. August 3, 1998.Amended: Rule retitled "Examination, Supervision, Registration, Application and Other Fees for Financial Institutions and Nonbank Subsidiaries of Banks or Holding Companies." F. July 12, 1999, eff. August 1, 1999.Amended: F. Dec. 6, 1999; eff. Dec. 26, 1999.Amended: F. Dec. 18, 2000; eff. Jan. 7, 2001.Amended: F. July 28, 2003; eff. August 17, 2003.Amended: F. Sept. 1, 2004; eff. Sept. 21, 2004.Amended: F. Aug. 15, 2007; eff. Sept. 4, 2007.Amended: F. Aug. 4, 2008; eff. Aug. 24, 2008.Amended: F. June 10, 2014; eff. June 30, 2014.Amended: F. Dec. 5, 2014; eff. Dec. 25, 2014.Amended: F. June 15, 2015; eff. July 5, 2015.Amended: F. June 20, 2016; eff. July 10, 2016.Amended: F. June 29, 2017; eff. July 19, 2017.Amended: F. Aug. 19, 2020; eff. Sept. 8, 2020.Amended: F. Jan. 8, 2021; eff. Jan. 28, 2021.Amended: F. July 7, 2021; eff. July 27, 2021.Amended: F. July 7, 2023; eff. July 27, 2023.