{"data":{"id":"us-mi/mich.-comp.-laws-487.3210","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.3210","heading":"Schedule of supervisory fees; initial supervisory fee.","body":"Sec. 210.\n\nThe commissioner shall periodically establish a schedule of supervisory fees to be paid by savings banks. Except for a minimum fee consistent with subsection (2), the fee shall not be more than 25 cents for each $1,000.00 of total assets of the savings bank as reported by the savings bank on its report of condition as of December 31 of the previous year.\n\nEach savings bank shall pay an annual supervisory fee which shall be not less than $1,000.00.\n\nThe commissioner shall provide an invoice of the annual supervisory fee to each savings bank by July 1 of each year. The annual supervisory fee shall be paid by August 15 of that year.\n\nThe initial supervisory fee for a savings bank that obtained a charter as a result of a conversion shall be based on the total assets as reported in its report of condition as of December 31 of the previous year under the prior charter.\n\nThe initial supervisory fee of a savings bank newly organized and chartered under this act, during the initial supervisory year, shall be the minimum supervisory fee established by the commissioner.\n\nThe commissioner shall periodically establish a schedule of fees, beyond those charged for normal supervision, to be paid for applications, special evaluations and analyses, and examinations, including examinations of trust services and safe deposit and collateral deposit companies.\n\nThe fees established under subsection (6) shall be equal to the estimated cost to the bureau for conducting the activity for which the fee is imposed.\n\nThe commissioner may charge reasonable fees for furnishing and certifying copies of documents or serving notices required by this act.\n\nTo the extent any fees assessed under this act are unpaid when due, the commissioner may, upon proper notice, maintain an action against the savings bank for the recovery of the fees plus interest and costs.\n\nThe fees collected under this section are not refundable and shall be paid into the state treasury to the credit of the bureau and used only for the operation of the bureau.","path":["MI Code","Chapter 487","Act Act-354-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-3210","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"929385652cd5322997f874b37440ceb2ce4586d5bf0f3537fc5e3aa5cfabbd59","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.3209","next":"us-mi/mich.-comp.-laws-487.3211"},"notice":"GroundRules: Original legal text. Not legal advice."}