<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".02" citation="COMAR 09.03.14.02" title_num="09" subtitle_num="03" chapter_num="14" heading="Examination Fees.">
  <paragraph num="A.">
    <text>This chapter is intended to set fees to cover the reasonably incurred costs of examinations of a licensee or its authorized delegate pursuant to Financial Institutions Article, §12-424(c), Annotated Code of Maryland.</text>
  </paragraph>
  <paragraph num="B.">
    <text>The Commissioner of Financial Regulation sets the following daily fees for each of the Commissioner's employees engaged in the examination of a licensee or its authorized delegate:</text>
    <paragraph num="(1)">
      <text>$300 per day for an employee serving in a position of Financial Regulation Non-Depository Examiner in the Office of the Commissioner; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>$375 per day for an employee serving in a position of Financial Regulation Non-Depository Examiner Supervisor in the Office of the Commissioner.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>A licensee or its authorized delegate shall reimburse each of the Commissioner's employees engaged in on-site examination for travel, meal, lodging, and other related travel expenses using the criteria and at the rates set forth in the Standard State Travel Regulations.</text>
  </paragraph>
  <paragraph num="D.">
    <text>The revenues collected from the fees set pursuant to these regulations shall be deposited in the Money Transmission Fund pursuant to Financial Institutions Article, §12-404, Annotated Code of Maryland.</text>
  </paragraph>
</regulation>