LAC 10:I.1503
A. Pursuant to the authority granted under R.S. 6:121; 6:576; 6:592; and 6:613, the following fee and assessment structure is hereby established to cover necessary costs associated with the administration of the Louisiana Trust Company Law, R.S. 6:571 et seq.
| Description | Fee |
|---|---|
| A. Application for a de novo public trust company, or the merger or consolidation of public trust companies. | $10,000 |
| B. The conversion from a national or federally-chartered trust company to a state-chartered public trust company. | $1,500 |
| C. Application for a Louisiana trust company to establish a trust office or trust representative office. | Standard Form: $1,000 Short Form: $250 |
| D. Application to form a de novo private trust company | $5,000 |
| E. Application for a conversion or merger of a state-chartered trust company into a federally chartered depository institution or a federal trust company. | $1,500 |
| F. Semi-annual assessment for each public trust company domiciled in Louisiana to be assessed no later than June 30th and December 31st. | $2,500 |
| G. Semi-annual assessment for each private trust company domiciled in Louisiana to be assessed no later than June 30th and December 31st. | $1,000 |
| H. Examination fee for each trust company domiciled in Louisiana. Fee per examiner. | $50 per hour |
| I. Review of a restatement and/or amendment to the Articles of Incorporation of a state-chartered Louisiana trust company. | $250 |
| J. Application by a state-chartered trust company to establish or acquire a subsidiary. | $500 |
| K. Annual certification for each private trust company | $500 |
| L. The conversion from a private trust company to a public trust company. | $5,000 |
| M. Examination fee for each out-of-state branch, administrative office, trust production office, or representative office of any trust company domiciled in Louisiana. | Any fees assessed pursuant to this rule plus any amounts assessed by the host state regulator for participating in the examination of the Louisiana entity. |
| N. Examination fee for each branch, administrative office, or representative office of any out-of-state trust company operating in Louisiana in the absence of a sharing agreement between OFI and the host state that establishes fees for examinations and other administrative cost. This fee shall be billed to the primary regulator of the out-of-state entity being examined, and due upon receipt of the OFI invoice. | $50/hour per examiner plus the actual expenses incurred by this office to conduct or assist in conducting such examinations. |
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:121; 6:576; 6:592; and 6:613.
HISTORICAL NOTE: Promulgated by the Office of the Governor, Office of Financial Institutions, LR 34:871 (May 2008).