Section 0180-20-.03 - SPECIAL ASSESSMENTS(1) In addition to all other costs, fees and assessments imposed under Title 45 of the Tennessee Code Annotated.the commissioner may impose a special assessment upon any financial institution for the purpose of recovering those costs of the department which, as determined by the Commissioner, exceed those costs normally incurred in the supervision of a financial institution in a sound financial condition and operating legally. Provided however that if the department is required to periodically examine the financial institution, the special assessment shall not include the costs of the department's routine periodic examination of the financial institution.(2) To impose a special assessment, the commissioner must notify the financial institution in writing and include a statement showing the nature of the costs to be recovered by the department and the dates on which the Department incurred such costs.(3) Payment of all special assessments shall be due no later than thirty (30) days from the date of the invoice of such assessment.(4) All special assessments collected pursuant to this rule shall be used at the exclusive discretion of the commissioner in the administration of the department.Tenn. Comp. R. & Regs. 0180-20-.03
Original rule filed November 30, 1992; effective March 1, 1993. Amendment filed November 30, 2001; effective March 30, 2002.Authority: T.C.A. § 45-1-118; Public Chapter 628, Acts of 1992, Section 1.