{"data":{"id":"us-ky/krs-286.3-480","jurisdiction":"us-ky","citation":"KRS 286.3-480","heading":"Fees to be paid commissioner for services.","body":"(1) The following fees shall be paid to the commissioner by corporations engaged in a\nbanking or trust business:\n(a) For the investigation incident to the approval of articles of incorporation,\napplications for branch banks and loan production offices, and app lications to\nrelocate a main or branch office, the fee shall be sufficient to cover the cost of\nthe investigation based upon fair compensation for time and actual expense;\n(b) For each state bank and branch of an out -of-state state bank subject to\ninspection and examination by the commissioner, an annual assessment based\non the assets of the banks and branches, other than assets held by it in a\nfiduciary capacity, as reported to the department by the banks and branches as\nof the thirty -first day of December  of the previous year. The assessment\nschedule shall be at the rates the commissioner shall determine to be necessary\nto carry out the duties of the department and shall be reasonably related to the\ncosts incurred by the department in regulating banks and branches. The\nassessment schedule shall be set by administrative regulation;\n(c) For the examination of the assets held by the institution in a fiduciary\ncapacity, the fee shall be sufficient to cover the cost of the investigation based\nupon fair compensat ion for time and actual expense. The commissioner may\naccept examinations made of the trust department in combined banks and trust\ncompanies by examiners for the Federal Reserve System, Federal Deposit\nInsurance Corporation, or a certified public accountant; and\n(d) Extraordinary services performed, in addition to examinations, for any\nfinancial institution, including institutions in liquidation under the supervision\nof the commissioner, shall be paid for by the institution upon the basis of fair\ncompensation for time and actual expense.\n(2) The commissioner, in his discretion, may enter into cooperative agreements with\nother bank supervisory agencies having concurrent jurisdiction over any bank, bank\nholding company, branch of an out-of-state state bank or any branch of a state bank\nlocated in any host state, or any organization affiliated with one (1) or more bank\nsupervisory agencies for the collection, remittance, and sharing of fees authorized in\nsubsection (1) of this section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14588","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:11Z","sha256":"e6af5c7148aa96d7985e907de87f6246bd35101e023fc70ed9e8d4ec075e8d17","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.3-470","next":"us-ky/krs-286.3-490"},"notice":"GroundRules: Original legal text. Not legal advice."}