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1994 SESSION

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HB 187 Trust Company Act; fees.

Introduced by: George H. Heilig, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Trust Company Act; fees. Provides that the fee charged to trust companies to defray the costs of their supervision and regulation shall be the same amount as prescribed for trust departments pursuant to § 6.1-94 (under current law, such prescribed fee is $330 per day per examiner during examinations). The bill effectively limits the recovery of regulatory expenses to a per diem charge as opposed to subjecting trust companies to both per diem charges and annual assessments.


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