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Section 2-108 - Collection of Nonrefundable Fees — Maryland Law | CourtGPT
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Maryland Legal Code

Section 2-108 - Collection of Nonrefundable Fees

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(a) The Commissioner shall charge and collect, in advance, the following nonrefundable fees: (1) An examination fee for a new commercial bank charter under § 3–203 of this article......................................................................................................$15,000 (2) A filing fee for an agreement of consolidation, merger, or transfer of assets under § 3–703 of this article: (i) Between two commercial banks $3,000 (ii) Among three or more commercial banks $5,000 (3) An application fee for a banking institution to have an affiliate under § 5–403 of this article $750 (4) A fee for a conversion of a national banking association, a federal stock savings and loan association, or a federal stock savings bank into a commercial bank under § 3–801 of this article or a federal mutual savings bank into a savings bank under § 4–701.1 of this article: (i) Filing fee $7,000 (ii) Examination fee $3,000 (5) Subject to subsection (b) of this section, a branch fee for: (i) An application of a banking institution or other–state bank to open a branch under §§ 5–1003 and 5–1005(a) of this article $600;or (ii) An expedited notice of a banking institution or other–state bank to

pplication of a banking institution or other–state bank to open a branch under §§ 5–1003 and 5–1005(a) of this article $600;or (ii) An expedited notice of a banking institution or other–state bank to open a branch under §§ 5–1003 and 5–1005(b) of this article $400 (6) An application fee for a foreign banking permit under § 12–208 of this article......................................................................................................................$500 (7) A renewal fee for a foreign banking permit under § 12–210 of this article..............................................................................................................................$500 (8) A fee for a certificate of valid charter: (i) If requested by or on behalf of a banking institution $25 (ii) If requested by or on behalf of a person other than a banking institution.........................................................................................................................$50 (9) A fee for a certified copy of a document $50 (10) An application fee for conversion of a savings bank to a capital stock commercial bank under § 4–703 of this article………………………………….$5,000 (b) The branch fee

for a certified copy of a document $50 (10) An application fee for conversion of a savings bank to a capital stock commercial bank under § 4–703 of this article………………………………….$5,000 (b) The branch fee under subsection (a)(5) of this section does not apply to: (1) A branch that is acquired by a banking institution through a merger or consolidation with, or transfer to the banking institution of all or substantially all of the assets of, a bank or an insured depository institution; or (2) An other–state bank chartered by a state that does not charge a fee to a banking institution for establishing a branch in that state.