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Current as of January 01, 2025 | Updated by Findlaw Staff
A. All the expenses of the department, including those enumerated in this act or otherwise authorized by law, shall be charged to and paid by all institutions, including licensees, in such equitable amounts, at such times, and in such manner as the department shall, by general rule or regulation, prescribe. The expenses incurred by the department in connection with any examination or investigation, whether regular or special, including a proportionate part of the salary of any examiner or other employe of the department or third-party expenses, including attorneys retained by the department, may be assessed by the department upon the particular institution examined or investigated.
B. The department shall give written notice to each institution, including licensees, of the amount lawfully charged against it under the provisions of this act. The institution shall pay the amount of such assessment to the department within sixty days after the invoice date on the notice. If payment is not made by any institution or licensee within the sixty-day period, the department may impose in addition to the money assessed a maximum penalty fee of one hundred fifty dollars ($150.00) for that sixty-day period and each successive thirty-day period of delinquency. In addition, the department, through the Office of Attorney General or its authorized designee, may institute an appropriate action at law for the amount lawfully assessed against such institution, together with any additional costs incurred by the Department of Banking or the Office of Attorney General or its authorized designee by virtue of such failure to pay.
C. This section also applies to licensees.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 71 P.S. State Government § 733-204. Assessment of expenses of department upon institutions - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-71-ps-state-government/pa-st-sect-71-733-204/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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