Section 5.6. Implementation schedule

(a) General rule. The Department will provide an implementation schedule for banks, bank and trust companies, savings banks, savings associations and trust companies to adjust to the assessments generated by this chapter.

(b) Implementation schedule. Banks, bank and trust companies, savings banks, savings associations and trust companies shall pay assessments according to the following implementation schedule:

(1) Seventy percent of the total assessment calculated by § § 5.2, 5.3 and 5.5 (relating to semiannual assessment for banks, bank and trust companies, savings banks and savings associations; semiannual assessment for trust companies; and adjustments to assessments; invoicing) for the first 12 months after

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(2) Eighty-five percent of the total assessment calculated by § § 5.2, 5.3 and 5.5 for the second 12 months after

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(3) One hundred percent of the total assessment calculated by § § 5.2, 5.3 and 5.5 for the third 12 months after

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The provisions of this § 5.6 corrected August 15, 2014, effective July 26, 2014, 44 Pa.B. 5463. Immediately preceding text appears at serial page (372775).

Notation

Cross References

This section cited in 10 Pa. Code § 5.6a (relating to implementation schedule—statement of policy).