Regulatory Fees

Section 1075 Section 1075.130  Regulatory Fees a)         Each savings bank shall pay fees as set forth in Section 9002.5(a) of the Act. b)         When service corporations and/or finance subsidiaries are owned by the savings bank, the owned assets may be consolidated with the assets of the savings bank for calculation of the fee under Section 9002.5(a) of the Act. c)         Each savings bank shall pay to the Secretary an electronic data processing fee equal to 16% of the savings bank's fee set forth in Section 9002.5(a) of the Act. The electronic data processing fee shall be calculated by the Secretary and billed to the savings bank for remittance with the fee set forth in Section 9002.5(a) of the Act.  Each savings bank shall pay fees as set forth in Section 9002.5(c) of the Act. d)         If a savings bank has received a Uniform Financial Institution Rating System (UFIRS) composite rating of 3, 4 or 5 on its last State or federal examination, the savings bank's quarterly fee shall be increased by 25% for a 3 rated savings bank and 50% for a 4 or 5 rated savings bank on the savings bank's subsequent quarter billing. This assessment shall stay in effect until the quarter following the savings bank's receipt of a UFIRS composite rating of 1 or 2 at the next State or federal examination. e)         When a conversion or merger results in a savings bank, and no statement of condition for the resulting savings bank for the preceding quarter was submitted to the Secretary, fees shall be calculated in the same manner set forth in subsections (a), (b) and (c) based on the most recent period report of the condition submitted by the former depository institution to its primary regulator. f)         When a savings bank ceases to be a savings bank, the former savings bank shall remain liable to the Secretary for accumulated fees under the Act or this Section up to and including the date, as determined by the Secretary, that savings bank ceases to be a savings bank. The former savings bank shall not be eligible for any credit or be liable for any assessment described in Section 9002.1(b) of the Act. g)         Nothing in this Section is to be construed as limiting or being applicable to other fees that the Department may assess pursuant to the Act or other State laws or rules.  The dates of billings shall not prejudice the validity of an invoice for any fees billed at a later date.