Annual Fee For Non-Depository Trust Companies

The Department of Financial Institution’s budget is accounted for on a fiscal year basis, July 1 through June 30. Nondepository trust companies regulated by the Department of Financial Institutions must pay, by July 1 of each year, the annual fee set forth in T.C.A. §45-1-118(c)(2), for each office or place of business operated by such trust company. Any trust company that is a trust company on the first day of the fiscal year shall pay the annual fee for that fiscal year, by the following July 1, and the fee shall not be prorated for any reason.