Group of professionals discuss finance

Breaking news and expert analysis on legal and compliance issues

[Back To Home][Back To Archives]

From Banking and Finance Law Daily, April 18, 2013

STATE BANKING LAWS—Kansas Amends Banking Code to Allow Collection of Fees

By Stephanie K. Mann, J.D.

The Kansas legislature has amended the Banking Code to allow for changes in the fees that the Commissioner of the Division of Banking may collect. The commissioner may now charge a fee for a letter of good standing by issuing rules and regulations establishing the amount. The commissioner may further adopt rules and regulations to establish a fee for the commissioner’s approval of a revenue bond. Additionally, for any public hearing held pursuant to an application to the banking commissioner, the applicant will be responsible for all actual costs associated with the hearing.

The new amendments to the Kansas Banking Code state the amount of fees that the applicant shall pay to the Office of the State Banking Commissioner with each applicant. The fees laid out in the legislation are subject to change pursuant to the commissioner’s discretion to increase or decrease the fees. However, the increase may not be more than 150 percent of the fees specified in the legislation.

The applicant may additionally be required to pay the commissioner for any additional costs associated with examination or investigation if the commissioner requires that an on-site examination of the financial institutions is necessary to consider any application filed with the Office of the State Banking Commissioner.

The law (S.B. 129) was approved April 16, 2013, and is effective upon publication in the state statute book—usually July 1 of each year.

LegislativeActivity: KansasNews StateBankingLaws

Banking and Finance Law Daily

Introducing Wolters Kluwer Banking and Finance Law Daily — a daily reporting service created by attorneys, for attorneys — providing same-day coverage of breaking news, court decisions, legislation, and regulatory activity.

A complete daily report of the news that affects your world

  • View full summaries of federal and state court decisions.
  • Access full text of legislative and regulatory developments.
  • Customize your daily email by topic and/or jurisdiction.
  • Search archives for stories of interest.

Not just news — the right news

  • Get expert analysis written by subject matter specialists—created by attorneys for attorneys.
  • Track law firms and organizations in the headlines with our new “Who’s in the News” feature.
  • Promote your firm with our new reprint policy.

24/7 access for a 24/7 world

  • Forward information with special copyright permissions, encouraging collaboration between counsel and colleagues.
  • Save time with mobile apps for your BlackBerry, iPhone, iPad, Android, or Kindle.
  • Access all links from any mobile device without being prompted for user name and password.