§ 6-01-17 — Semiannual assessments of banks and interstate branches

North Dakota § 6-01-17

• Jurisdiction: North Dakota
• Title 6: Banks and Banking
• Ch. 6-01: Department of Financial Institutions

Text

Every state banking association and banking institution under the jurisdiction and control of
the commissioner and the commissioner's deputy examiners by this title, including the Bank of
North Dakota and every branch of an out-of-state state bank, shall pay a semiannual
assessment. This assessment is to be determined by the state banking board as necessary to
fund that portion of the department's budget relating to the regulation of state-chartered banks
and branches of out-of-state state banks, including the authority to enter cooperative fee sharing
agreements and assessment of associated travel costs with other state bank supervisors. Fees
for the examination of a trust department must be computed in accordance with section 6-05-28.
The assessment must be paid to the department of financial institutions within thirty days of
each June thirtieth and December thirty-first. If any such corporation or institution or branch is
delinquent more than twenty days in making such payment, the board may seek other
administrative remedies of such delinquent corporation, institution, or branch until payment of
the amount due. The commissioner may assess a penalty of one percent of the outstanding
assessment fee for each day that the assessment fee is delinquent. All fees and penalties under
this section must be deposited with the state treasurer and deposited in the financial institutions
regulatory fund.