Maryland OFR Announces Opportunity for Annual Assessment Fee Credit
The Maryland Office of Financial Regulation (OFR) has announced the availability of the application for qualifying Maryland state-chartered banks and credit unions to earn an annual assessment fee credit for opening and/or maintaining branches in low- to moderate-income (LMI) communities in Maryland. The Assessment Fee Credit application guides banks and credit unions through the steps required to apply for the annual assessment fee credit established by the 2023 Maryland Access to Banking Act. Learn more on the Maryland Access to Banking Act information page.
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