12 C.F.R. Subpart B—Fees
Title 12 - Banks and Banking
(a) The Director assesses fees for examining or investigating savings associations that administer trust assets of $1 billion or less, and saving association affiliates. Because OTS recovers the ordinary costs of examining and investigating savings and loan holding companies through the semi-annual assessment under §§502.25 through 502.29 of this part, the Director will not generally charge an examination fee to a savings and loan holding company. “Affiliate” has the meaning in 12 U.S.C. 1462(9), except that, for this part only, “affiliate” does not include any entity that is consolidated with a savings association on the Consolidated Statement of Condition of the Thrift Financial Report. (b) The Director assesses fees for processing notices, applications, securities filings, and requests, and for providing other services. [69 FR 30571, May 28, 2004] OTS will periodically publish a schedule of its fees in a Thrift Bulletin. OTS will publish these fees at least 30 days before they are effective. Under unusual circumstances, the Director may deem it necessary or appropriate to adjust, add, waive, or eliminate a fee. For example, the Director may: (a) Reduce any fee to adjust for any inequities, efficiencies, or changed procedures that OTS projects will reduce its applications processing costs but that OTS did not consider in determining its fees; (b) Reduce or waive any fee if OTS determines that the fee would unduly or unjustifiably discourage particular types of applications or applications for particular categories of transactions; (c) Add a fee for a new type of application; (d) Increase a fee for an application that presents unusual or particularly complex issues of law or policy or otherwise causes the agency to incur unusually high processing costs; or (e) Charge a fee to recover extraordinary expenses related to examination, investigation, regulation, or supervision of savings associations or their affiliates. (a) You must pay the application fee when you file an application. OTS will not process your application if you do not include the required fee. (b) If OTS cannot complete its review of your application because the application is materially deficient and it refuses to accept your application for processing, you must pay a new application fee upon filing a revised application. (c) If a transaction involves multiple applications, you must pay the appropriate fee for each application, unless OTS specifies otherwise by Thrift Bulletin. You must pay an application fee to the Office of Thrift Supervision. You must include a statement of the fee and how you calculated the fee. (a) Interest. An examination or investigation fee is delinquent if OTS does not receive the fee within 30 days of the date specified in a bill. The Director will charge interest on a delinquent examination or investigation fee. Interest will accrue at a rate (that OTS will determine quarterly) equal to 150 percent of the average of the bond-equivalent rates of 13-week Treasury bills auctioned during the preceding calendar quarter. (b) Failure to pay. If you are a savings association and your holding company, affiliate, or subsidiary fails to pay any fee within 60 days of the date specified in a bill, the Director may assess and collect that fee, with interest, from you. If the holding company, affiliate, or subsidiary is related to more than one savings association, the Director may assess the fee against and collect it from each savings association as the Director may prescribe. [63 FR 65670, Nov. 30, 1998, as amended at 69 FR 30571, May 28 1, 2004]
Title 12: Banks and Banking
PART 502—ASSESSMENTS AND FEES
Subpart B—Fees
§ 502.50 What fees does OTS charge?
§ 502.55 Where can I find OTS's fee schedule?
§ 502.60 When will OTS adjust, add, waive, or eliminate a fee?
§ 502.65 When is an application fee due?
§ 502.70 How must I pay an application fee?
§ 502.75 What if I do not pay my fees on time?
