N.D. Cent. Code § 6-01-17.2

This is the official text of N.D. Cent. Code § 6-01-17.2, 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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6-01-17.2. Additional assessment of banks and interstate branches

Official statutory text

6-01-17.2. Additional assessment of banks and interstate branches

If the commissioner determines that more than one visit, inspection, or examination is

necessary to promote the safety and soundness of a state banking association or a branch of

an out-of-state state bank during a twelve-month period, the state banking association or branch

shall pay to the state treasurer a fee for the time used by the commissioner or other person

designated by the commissioner in supervising, filing, and corresponding in connection with

each additional visit, inspection, or examination and report of examination and for time used by

each deputy examiner, or other person in making and otherwise preparing and typing the

reports of examination herein provided for. Fees for the visit, inspection, or examination must be

charged by the department of financial institutions at an hourly rate to be set by the

commissioner, sufficient to cover all reasonable expenses of the department associated with the

visit, inspection, or examination provided for by this section. A state banking association or

branch of an out-of-state state bank shall pay such assessment or fee within ten days of

receiving a billing from the commissioner. Fees must be deposited in the financial institutions

regulatory fund. The state treasurer shall report the payments of fees to the commissioner, and

if any corporation or institution or branch is delinquent more than twenty days in making the

payment, the board may make an order suspending the functions of the delinquent corporation

or institution or branch until payment of the amount due. The commissioner may assess a

penalty of five dollars a day additional for the delay. The state banking board may waive or

postpone the collection of this special assessment if the assessment would place an undue

burden on the state banking association or branch.

Status: in_force · Read it on the official government site

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