MAINE STATE LEGISLATURE

MAINE STATE LEGISLATURE

The following document is provided by the LAW AND LEGISLATIVE DIGITAL LIBRARY at the Maine State Law and Legislative Reference Library

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Paul R. LePage Governor

June 1, 2016

STATE OF MAINE DEPARTMENT OF PROFESSIONAL

AND FINANCIAL REGULATION 35 STATE HOUSE STATION AUGUSTA, MAINE 04333-0035

Anne L. Head Commissioner

Melissa Gott State Budget Officer Bureau ofthe Budget 58 State House Station Augusta, ME 04333

Senator Rodney Whittemore, Chair Representative Henry Beck, Chair Committee on Insurance and Financial

Services 100 State House Station Augusta, ME 04333

Senator James Hamper, Chair Representative Margaret Rotundo, Chair Committee on Appropriations and Financial Affairs 5 State House Station Augusta, ME 04333

Senator Amy Yolk, Chair Representative Erin Herbig, Chair Committee on Labor, Commerce, Research

and Economic Development 100 State House Station Augusta, ME 04333

Dear Committee Chairs:

Attached please find a Fee Report that I am required as Commissioner of the Department of Professional and Financial Regulation to file with the State Budget Officer and the Legislature by December 1st of each even-numbered year. See, 10 MRS ? 8002(11 ).

The repmt consists of fee schedules for each of the following agencies within the Department: Bureau of Insurance, Office of Professional and Occupational Regulation, Office of Securities, Bureau of Financial Institutions and the Bureau of Consumer Credit Protection.

In addition, fee schedules for six licensing programs affiliated with the Department are attached. These fee schedules are for the Board of Licensure in Medicine, Board of Dental Examiners, Board of Optometry, Board of Professional Engineers, Board of Nursing and the Board of Osteopathic Licensure.

Fees contained in the repmt are current as ofJanuary 16, 2016. If you have questions about the fees established by particular agencies, please don't hesitate to contact my office.

Sincerely,

~L-.~

Anne L. Head

Attachments

PHONE: (207)624-8511 (VOICE)

OFFICES LOCATED AT: 76 NORTHERN AVENUE, GARDINER. MAINE TTY users: call Maine Relay 71!

FAX: (207)624-8595

DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION

FEE REPORT

TABLE OF CONTENTS

Page

Bureau of Consumer Credit Protection

1

Bureau of Financial Institutions

4

Bureau of Insurance

6

Office of Professional and Occupational Regulation

12

Office of Securities

36

Maine Board of Dental Examiners

37

State Board of Licensure for Professional Engineers

41

Maine Board of Licensure in Medicine

42

Maine State Board of Nursing

45

Maine Board of Optometry

47

Maine Board of Osteopathic Licensure

48

BUREAU OF CONSUMER CREDIT PROTECTION LICENSE FEES AND APPLICATION/RENEWAL INFORMATION

License Type Non-bank ATM, 1st terminal ATM, 2nd and subsequent

License Expiration/

Renewal

License Cycle

January 31st January 31st

1 Year 1 Year

Initial Fee

$50 $25

Check Casher

December 31st 1 Year

$250

Chk. Diversion Co., main Chk. Diversion Co., branch

July 31st July 31st

2 Year 2 Year

$600 $300

Credit Reporting Agency

December 31st 1 Year

$100

Exchange Facilitator

April 30th

Exchange Facilitator Branch April 30th

1 Year 1 Year

$350 $200

Loan Broker main office Loan Broker, branch

December 31st December 31st

1 Year 1 Year

$300 $150

Loan Originator license

Loan Broker, main office Loan Broker, branch

December 31st January 31st January 31st

1 year

2 Years 2 Years

Debt Collector, main office Debt Collector, branch

July 31st July 31st

2 Year 2 Year

Repossession Company

July 31st

2 Year

Residential Property Preservation Company

July 31st (even years)2 Year

Debt Mgmt. Service Co.

December 31st 1 Year

Employee Leasing Company January 31st

1 Year

Litigation Funding Provider Litigation Funding Provider Annual Notification

September 30th January 31st

Money Transmitter

December 31st

Money Transmitter - Delegate December 31st

2 Years 1 Year

1 Year 1 Year

$20 $600 $300

$600 $300 $600 $600

$500 $500

$500 N/A

$500 $50

Renewal Fee $50 $25

$250

$300 $300

$100

$150 $150

$150 $75

$20 $300 $150

$600 $300 $600 $600

$250 $100

$200 $25 plus volume fee

$250 $50

1

License Type Payroll Processor

License Expiration/

Renewal

License Cycle

Initial Fee

January 31st

1 Year

$200

Payroll Process Limited

January 31st

1 Year

$200

Payroll Process Restricted

January 31st

Foreclosure Purchaser, main January 31st office Foreclosure Purchaser, branch January 31st

Refund Anticipation Loan Arranger, main office Refund Anticipation Loan Arranger, branch

January 31st January 31st

Real Estate Settlement Agency April 30th main office Real Estate Settlement Agency April 30th branch

1 Year

1 Year 1 year

2 Years 2 Years

1 year 1 year

Supervised Lenders - Mortgage

Supervised Lender, main

September 30th

office Supervised Lender Branch

September 30th

Non-profit Company Non-profit Branch Annual Notification

September 30th September 30th January 31st

fee

1 Year

1 Year 1 Year 1 Year

Supervised Lenders ? Non Mortgage

Supervised Lender; main

September 30th

office Supervised Lender; branch Supervised Lender ?

September 30th January 31st

Annual Notification

Pawnbroker, main office

January 31st

Insurance Premium Finance September 30th Company Insurance Premium Finance January 31st Company ? Annual Notification

Payday Lender, main office Payday Lender; branch Payday Lender Annual Notification

January 31st January 31st January 31st

2 Years 2 Years 1 Year

1 Year 1 Year 1 Year

1 Year 1 Year 1 Year

$100

$500 $200

$600 $300

$25.00 $25.00

$250 $100 $20 $20 1 Year

$500 $200 $20

$20 $500 $20

$500 $200 $20

Renewal Fee

$200 (1-24 employers) $500 (25-500 employers) $800 (500+ employers) $200 (1-24 employers) $500 (25-500 employers) $800 (500+ employers) $100

$200 $200

$300 $150

$25 $25

$100

$100 $10 $10 $20

$35 plus volume

$200 $200 $25 plus volume fee

$25 plus volume fee $200 $25 plus volume fee

$200 $200 $25 plus volume fee

2

License Type

Mobile Home Dealer Annual Notification

New Car Dealer Annual Notification

New Car Dealer Annual Notification ? branch office

Used Car Dealer Annual Notification

Used Car Dealer Annual Notification ? branch office

Other Creditor Annual Notification

Other Creditor Annual Notification ? branch office

Rent To Own ? Annual Notification

Rent To Own ? Annual Notification ? branch office

Sales Finance Co Annual Notification

Sales Finance Co Annual Notification ? branch office

Servicer Annual Notification

Servicer Annual Notification ? branch office

License Expiration/

Renewal

License Cycle

January 31st

1 Year

January 31st

1 Year

January 31st

1 Year

January 31st January 31st

1 Year 1 Year

January 31st January 31st January 31st January 31st

1 Year 1 Year 1 Year 1 Year

January 31st January 31st

1 Year 1 Year

January 31st January 31st

1 Year 1 Year

Initial Fee $20 $20 $10

$20 $10

$20 $10 $20 $10

$20 $10

$20 $10

Renewal Fee $25 plus volume fee $25 plus volume fee $10 per branch

$25 plus volume fee $10 per branch

$25 plus volume fee $10 per branch $25 plus volume fee $10 per branch

$25 plus volume fee $10 per branch

$20 $10 per branch

3

BUREAU OF FINANCIAL INSTITUTIONS Department of Professional and Financial Regulation State of Maine February 6, 2001

BULLETIN #9 FINANCIAL INSTITUTION FEES FOR VARIOUS APPLICATIONS

To the Chief Executive Officer Addressed:

Various ?s of Title 9-B M.R.S.A. grant the superintendent discretionary authority to establish fees for the various applications required by statute. The revised schedule adds one new fee, $250 for filing a notification to engage in closely related activities, and increases two existing fees related to credit union applications. The increased credit union fees incorporate statutory changes and more accurately recoup the costs of processing such applications. The following is a revised schedule of application fees:

9-B M.R.S.A. APPLICATION

FEE

Chapter 31 New Financial Institution: Single Office

$3,000

Two Offices

$4,000

3 or More Offices

$5,000

Chapter 33 Branch Applications: New Branch

$1,000*

Branch Relocation or Closing

$1,000*

Notification Procedure: New Branch

$500*

Branch Relocation or Closing

$500*

Recording Procedure: New Branch

$100

Relocation

$100

Chapter 34 Conversions or changes in ownership form

$2,000

Chapter 35 Merger, consolidation, and acquisition

$2,500

Chapter 37 BY IN-STATE FINANCIAL INSTITUTION De novo interstate branch

application

$1,000

De novo interstate branch notification

$250

Interstate branch acquisition or combination application

$2,500

BY OUT-OF-STATE FINANCIAL INSTITUTION: De novo

interstate branch notification

$250

Interstate branch acquisition or combination notification

$2,500

9-B M.R.S.A. APPLICATION Chapter 44 Engage in a closely related activity:

Application Notification Service corporation: Application Notification Chapter 81 Credit Union: Organization Chapter 87 Credit Union: Merger, acquisition or conversion Chapter 101 Engage in a closely related activity: Application

FEE

$2,500 $250 $2,500 $500 $1,000 $2,000

$2,500

4

Notification

$250

Acquisition of/by a Maine financial institution or holding company:

By/of a Maine financial institution or holding company

$2,500

By/of a non-Maine financial institution holding company

$2,500

Chapter 105 Mutual Holding Company

$2,500

Chapter 121 Nondepository Trust Company

$3,000

Chapter 122 Merchant Bank Establishment

$3,000

Chapter 123 Uninsured Bank Establishment

$3,000

*The filing fee for these applications or notifications is per banking market, as defined by the

Federal Reserve Bank of Boston, regardless of the number of branches or facilities per market.

Applicants can request a reduced fee for transactions requiring multiple filings or that merely represent an internal restructuring that have nominal impact on public convenience and advantage as defined in 9-B MRSA ?253.1(B).

Should you have any questions regarding this Bulletin, please contact Principal Bank Examiner Robert Studley at (207) 624-8573 or by e-mail at: robert.b.studley@state.me.us.

This Bulletin replaces Bulletin #9 issued August 4, 1997.

/s/ Howard R. Gray, Jr.

Superintendent

NOTE: This bulletin is intended solely for informational purposes. It is not intended to set forth legal rights, duties or privileges nor is it intended to provide legal advice. Readers are encouraged to consult applicable statutes and regulations and to contact the Bureau of Financial Institutions if additional information is needed.

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