Título XIV. Cuotas de inspeccion

The banks and finance companies shall defray the cost of the supervision and inspection services of the Superintendency of Banks, for which they shall pay to it an annual fee that shall be calculated in relation to the assets of such institutions, according to their closing balance sheet for the prior fiscal year and, for new banks and new finance companies, according to the balance sheet with which they commence their operations. In both cases, the fee shall not exceed one per thousand on the assets of the institutions, deducting from such assets cash on hand and demand deposits held at the Bank of Guatemala as bank reserve or legal deposit, as applicable.