Ind. Admin. Code tit. 750, r. 10-1-5
Authority: IC 28-11-1-12
Affected: IC 28-11-3-5
Sec. 5. (a) Under IC 28-11-3-5, the schedule of fees for services rendered and the duties performed by the department in the administration of financial institutions for corporate fiduciaries is as follows:
| IF THE AMOUNT OF TRUST ASSETS IS: | THE FEE WILL BE: | |||
|---|---|---|---|---|
| OVER | BUT NOT OVER | THIS AMOUNT | PLUS | OF EXCESS OVER |
| $ 0 | $ 20,000M | 5,150 | ||
| 20,001M | 50,000M | 5,150 | 0.1578 per thousand | 20,000M |
| 50,001M | 100,000M | 9,884 | 0.0922 per thousand | 50,000M |
| 100,001M | 500,000M | 14,494 | 0.0205 per thousand | 100,000M |
| 500,001M | 1,000,000M | 22,694 | 0.0102 per thousand | 500,000M |
| 1,000,001M | 10,000,000M | 27,794 | 0.0050 per thousand | 1,000,000M |
| 10,000,001M | 20,000,000M | 72,794 | 0.0035 per thousand | 10,000,000M |
| 20,000,001M | 40,000,000M | 107,794 | 0.0025 per thousand | 20,000,000M |
| 40,000,001M | 157,794 | 0.0020 per thousand | 40,000,000M | |
(b) For purposes of this section, "M" means multiply by one thousand (1,000).
(Department of Financial Institutions; 750 IAC 10-1-5; filed Mar 26, 2024, 11:00 a.m.: 20240424-IR-750230837FRA)