Regulatory Alerts2008-05-28
Louisiana Trust Company – Final Rule
The Louisiana Commissioner of Financial Institutions issued a final rule establishing the comprehensive fee and assessment framework for administering state-chartered public and private trust companies under R.S. 6:571 et seq. The regulation mandates nonrefundable application fees ranging from $250 to $10,000 for de novo formations, conversions, mergers, and subsidiary acquisitions, alongside semi-annual assessments of $2,500 for public trust companies and $1,000 for private entities. It further specifies examination fees of $50 per hour per examiner, outlines cost-sharing with host state regulators for out-of-state branches, and requires all fees to be paid upon application filing or by June 30 and December 31 for semi-annual assessments.
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