(a) Every state bank and subsidiary trust company shall pay to the State Bank Department, within ten (10) days after notice from the Bank Commissioner in the months of January and July of each year, an assessment fee which will be charged in accordance with an assessment fee schedule approved by the commissioner.
(b) The commissioner, with the approval of the State Banking Board, shall also have the authority to establish a schedule of fees to be charged by the department relative to applications which are reviewed by the department, as well as a schedule of other fees to be charged for service performed by the department.
(c) For each examination made in excess of two (2) per year, the state bank or subsidiary trust company so examined shall pay an additional assessment equal to the January assessment of the year in which the excess examination is made.
(d)
(1) The assessments provided for in this section may be reduced by the commissioner if the assessments, with other fees received by the department, produce a greater sum than is required to pay the expenses of the department.
(2) The assessments may be increased if not sufficient in connection with other fees received as aforesaid to defray the expenses of the department.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 46 - State Bank Department and State Banking Board
Subchapter 5 - Reports and Examinations
§ 23-46-502. Statement on call
§ 23-46-503. When examinations made
§ 23-46-504. Examination of affiliates
§ 23-46-505. Noncompliance with banking law — Special examinations
§ 23-46-506. Examination procedure
§ 23-46-507. Information furnished state or federal agencies
§ 23-46-508. Noncooperation with examiners
§ 23-46-509. Assessment fees, application fees, and other department fees
§ 23-46-510. Failure to make report or pay fees — Penalty
§ 23-46-511. Retention of records
§ 23-46-512. Changes in chief executive officer and directors