Va. Code § 6.2-908

Current with changes from the 2024 legislative session through ch. 845
Section 6.2-908 - Fees for supervision and regulation and for certain examinations and investigations
A. For the purpose of defraying the expenses of supervision and regulation of banks, the Commission shall assess against each bank an annual fee. A bank's annual fee shall be calculated according to a schedule set by the Commission. The schedule shall bear a reasonable relationship to the assets of various individual banks and to other factors relating to their respective costs for supervision, regulation, and examination.
B. The Commission shall also charge additional fees:
1. Of $330 per day per examiner during examinations for the supervision and regulation of trust departments;
2. Of $10,000 for investigating an application for a certificate of authority pursuant to § 6.2-816;
3. Of $1,800 for investigating an application for authority to establish a branch pursuant to § 6.2-831 or a facility pursuant to § 6.2-835;
4. Of $7,500 for investigating an application of merger. The Commission shall not be entitled to any further fees for investigating any application to retain existing branches of the applying banks as branches of the merged bank;
5. Of $1,000 for investigating an application for authority to change the location of an existing bank or branch bank; and
6. Of $2,000 for investigating an application for authority to exercise trust powers.
C. Notwithstanding the designation of the fees set forth in subdivisions B 1 through B 6, the Commission may reduce by regulation or order any fee, if the Commission concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau.

Va. Code § 6.2-908

Code 1950, § 6-122; 1956, c. 176; 1966, c. 584, § 6.1-94; 1972, c. 195; 1973, c. 401; 1974, c. 184; 1976, cc. 554, 658; 1981, c. 520; 1982, c. 455; 1987, c. 172; 1992, c. 283; 1997, c. 141; 1998, c. 19; 2010, c. 794.
Amended by Acts 2010, § c. 794.
Amended by Acts 1998, § c. 19.
Amended by Acts 1997, § c. 141.
Amended by Acts 1992, § c. 283.
Amended by Acts 1987, § c. 172.
Amended by Acts 1982, § c. 455.
Amended by Acts 1981, § c. 520.
Amended by Acts 1976, § cc. 554, 658.
Amended by Acts 1974, § c. 184.
Amended by Acts 1973, § c. 401.
Amended by Acts 1972, § c. 195.
Amended by Acts 1966, § c. 584, § 6.1-94.
Amended by Acts 1956, § c. 176.