§ 18-A — Application fees

§ 18-a. Application fees. 1. The provisions of this section shall only\nbe applicable to applications for which a fee is authorized to be\nimposed by any other provision of this chapter or regulations\npromulgated thereunder.\n 2. The fees set forth in this section may be imposed notwithstanding\nany fee amount set forth in any other provision of this chapter or the\nregulations promulgated thereunder.\n 3. As used in this section, "applications" shall include notices and\nsimilar filings.\n 4. The fee which shall be imposed for any application for an initial\nlicense, registration, incorporation or for the formation of any other\nentity pursuant to this chapter, or for a merger, acquisition, purchase\nor sale of assets, change of control, or for any other application\nrequiring the approval of the superintendent that may necessitate, as\ndetermined by the superintendent, a determination regarding the\ncharacter or fitness and/or the safety and soundness of such applicant\nor a similar investigative undertaking by the department, shall be:\n (a) twelve thousand five hundred dollars when such application relates\nto a banking organization, bank holding company or, except as provided\nin paragraph (b) of this subdivision, a foreign banking corporation;\n (b) seven thousand five hundred dollars when such application relates\nto licensing a branch, agency or representative office of a foreign\nbanking corporation;\n (c) one thousand five hundred dollars when the application relates to\na mortgage broker; or\n (d) three thousand dollars for all other such applications.\n 5. The fee for any other application requiring the approval of the\nsuperintendent, including, but not limited to, any application required\nto change the name of the applicant, open branches or offices or\nadditional locations, or relocate an existing branch, office, or\nlocation, and any other application not subject to subdivision four of\nthis section, shall be:\n (a) seven hundred fifty dollars when the application relates to a\nbanking organization, bank holding company, out-of-state state bank,\nforeign credit union, or foreign banking corporation;\n (b) two thousand dollars when the application relates to the licensing\nof an additional location or change of location or the licensing of a\nmobile unit of a licensed casher of checks; or\n (c) five hundred dollars for all other such applications.\n 6. The superintendent, in his or her sole discretion, may waive or\nreduce the amount of the fee to be imposed pursuant to this section,\neither on a case-by-case basis or, by regulation, generally with respect\nto a type of application, if the superintendent determines that:\n (a) the payment of such fee would impose an economic hardship upon the\napplicant;\n (b) the amount of such fee is excessive with respect to the expenses\nincurred by the department of financial services to investigate such\napplication; or\n (c) such waiver or reduction (i) serves the interests of interstate\nadministrative reciprocity or multi-state regulatory cooperation; (ii)\nfacilitates the administration of the department of financial services;\nor (iii) is otherwise appropriate.\n