NAC677.310. Fee for supervision and examination: Collection; determination of amount; failure to pay; additional costs.  


Latest version.
  •      1. On or before June 30 of each year, the Commissioner of Financial Institutions will collect a fee from each thrift company for the supervision and examination of the thrift company pursuant to chapter 677 of NRS.

         2. The fee is based on the portion of the annual appropriation from the State General Fund to the Division of Financial Institutions that is attributable to the supervision and examination of thrift companies. Each thrift company shall pay a share of that amount as determined by the following schedule:

         Total Assets

    Base Fee

    + Fee Exceeding Base

    Less than $5,000,000

                        $5,000

                 N/A

    $5,000,000 or more, but

                          5,000

    $.25 per thousand of

    less than $10,000,000

    assets exceeding

    $5,000,000

    $10,000,000 or more, but

                          6,250

    $.19 per thousand of

    less than $50,000,000

    assets exceeding

    $10,000,000

    $50,000,000 or more, but

                        13,850

    $.12 per thousand of

    less than $100,000,000

    assets exceeding

    $50,000,000

    $100,000,000 or more, but

                        19,850

    $.10 per thousand of

    less than $500,000,000

    assets exceeding

    $100,000,000

    $500,000,000 or more, but

                        59,850

    $.07 per thousand of

    less than $1,000,000,000

    assets exceeding

    $500,000,000

    $1,000,000,000 or more, but

                        94,850

    $.05 per thousand of

    less than $3,000,000,000

    assets exceeding

    $1,000,000,000

    $3,000,000,000 or more,

                      194,850

    $.03 per thousand of

    but less than

    assets exceeding

    $10,000,000,000

    $3,000,000,000

    $10,000,000,000 or more,

                      404,850

    $.02 per thousand of

    but less than

    assets exceeding

    $20,000,000,000

    $10,000,000,000

    Any adjustment to the fee required to account for the distribution of unused portions of or increases in the annual appropriation from the State General Fund must be made in a proportionate amount that is based on the relationship that the fee determined for each thrift company pursuant to paragraph (a) bears to the total fee imposed on all thrift companies licensed pursuant to chapter 677 of NRS.

         3. If the fee is not paid on or before June 30, the Commissioner will assess a penalty of 10 percent of the amount of the fee and an additional 1 percent of the fee for each month or portion of a month that the fee is not paid. The Commissioner may waive the penalty for good cause.

         4. The fee does not include the cost of any extraordinary examination, audit, investigation or hearing conducted by the Division. The cost of any such examination, audit, investigation or hearing is $60 per hour.

     [Dep’t of Commerce, Thrift Companies Reg. § 11, eff. 12-14-78]—(NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by Comm’r of Financial Institutions, 4-20-88; 6-17-91)