N.D. Cent. Code § 6-01-17

This is the official text of N.D. Cent. Code § 6-01-17, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.

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6-01-17. Semiannual assessments of banks and interstate branches

Official statutory text

6-01-17. Semiannual assessments of banks and interstate branches

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.

Status: in_force · Read it on the official government site

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