A state bank subject to examination, supervision, and regulation by the superintendent, shall pay to the superintendent a fee, established by the state banking board, based on the time required for the examination and the administrative costs and expenses incurred in the discharge of the duties imposed upon the superintendent by this chapter. The fee shall include, but not be limited to costs and expenses for salaries, expenses and travel for employees, office facilities, supplies, and equipment. Such fee shall apply equally to all state banks.
The fee for examination of any affiliate of a state bank as provided for in section 524.1105, and the examinations provided for in section 524.217, subsection 2, shall be established by the state banking board, based on the time required for the examination and the administrative costs and expenses incurred in the discharge of the duties imposed upon the superintendent by this chapter. The fee shall include, but not be limited to costs and expenses for salaries, expenses and travel for employees, office facilities, supplies, and equipment.
Upon completion of each examination required or allowed by this chapter, the examiner in charge of such examination shall render a bill for such fee, in duplicate, and shall deliver one copy thereof to the state bank or private bank and one copy to the superintendent. Failure to pay the amount of such fee to the superintendent within ten days after the date of the close of each such examination shall subject the state bank or private bank to an additional fee equal to five percent of the amount of such fee for each day the payment is delinquent.
[C97, § 1875, 1876, 1877; SS15, § 1875; C24, 27, 31, 35, 39, § 9143, 9150, 9237; C46, 50, 54, 58, 62, 66, § 524.15, 524.23, 528.31; C71, 73, 75, 77, 79, 81, § 524.219]
86 Acts, ch 1246, § 617
Iowa General Assembly
Search: Iowa Code 1995
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