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Can you summarize SDAR Chapter 20:07:06?
BANKING (LABOR AND REGULATION) > Bank examinations.
Short Summary
This legal document, sourced from the Administrative Rules of South Dakota, pertains to the examination fee schedule for state-chartered banks and non-depository banks. State-chartered banks are required to pay a semiannual fee for examinations based on their total assets. The fee rates vary depending on the value of assets, with different rates applied to different asset ranges. Non-depository banks are also subject to an additional semiannual fee of $500. The Division of Banking in South Dakota maintains a fee calculator on its website to determine the examination fee owed by each bank. The formulas used in the fee calculator are available upon request. The document does not specify any penalties for non-compliance or violation of its provisions.
Whom does it apply to?
State-chartered banks, non-depository banks
What does it govern?
Examination fee schedule for state-chartered banks and non-depository banks
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
South Dakota