Trustee Schedule of Increased Rates - Financial Regulation

Pursuant to Md. Code Ann., Estates and Trust (“ET”) §14.5-708(g)(2)(ii), certain trustees may file a schedule of increased rates (”Schedule”) with the Maryland Department of Labor’s Office of the Commissioner of Financial Regulation (“OCFR”).  Trustees who file a Schedule with the OCFR may periodically change and revise the Schedule by filing changes and revisions with the OCFR.

A Schedule and signed cover letter may be submitted as PDF attachments by email to DLFRFinReg-LABOR@maryland.gov and should note; “Trustee Increased Rate Schedule” in the subject line.  The Schedule may also be submitted by mail to the Office of the Commissioner of Financial Regulation, Attn: Trustee Schedule, 500 N. Calvert Street, Suite 402, Baltimore, Maryland 21202.  In addition to rates and effective date, the Schedule should include, as applicable: name(s) of all Trustees covered by the Schedule, name of the institution or firm, and appropriate contact information.  The OCFR recommends that the Schedule and any correspondence or attachments submitted therewith not include confidential or other sensitive information unless required to comply with applicable laws and/or regulations or otherwise deemed appropriate by the trustee filing the Schedule.

A list of trustees who have filed Schedules with the OCFR is provided below.  The OCFR updates this list on a monthly basis.

Trustees who desire to file a Schedule should carefully review applicable Maryland law to determine whether they possess the right to file a Schedule and whether the law directs them to file the schedule with OCFR or another State agency.  Trustees having questions on issues such as their qualification to file a Schedule, fees they may charge in the absence of a filed Schedule or minimum/maximum fees legally allowed should seek professional guidance.  General questions concerning the filing of a Schedule with the OCFR may be directed to 410-230-6100. 

Schedules and any correspondence or attachments submitted therewith are generally a record subject to the Maryland Public Information Act.  Any person seeking a record from the OCFR may submit a Maryland Public Information Act request to the OCFR by either email to DLFRFinReg-LABOR@maryland.gov or by mail to the Office of the Commissioner of Financial Regulation, 500 N. Calvert Street, Suite 402, Baltimore, Maryland 21202.  The OCFR may charge a reasonable fee and/or its actual costs in producing such a record.

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