Ohio Administrative Code

19.03 PDF: (A) Whenever the director of the department of commerce proposes to adopt, amend or rescind any rule or regulation which the director is authorized by law to do, the department of commerce will hold a public hearing. The hearing will be held at least thirty days after …

19.03 PDF: (A) Pursuant to section 1321.21 of the Revised Code, five per cent of all charges, penalties and forfeitures received into the consumer finance fund of the division of financial institutions shall be transferred to the financial literacy education fund created under th…

19.03 PDF: (A) For the purposes of this rule promulgated in accordance with section 1347.15 of the Revised Code, the following definitions apply:(1) "Access" as a noun means an opportunity to copy, view, or otherwise perceive whereas "access" as a verb means to copy, view, or oth…

19.03 PDF: (A) Definitions.(1) "Veteran" means for the purpose of this rule anyone who is serving or has served under honorable conditions in any component of the armed forces of the United States including the national guard and reserve.(2) "Licensure or license" means for the p…

19.03 PDF: (A) This rule is adopted in compliance with, and under the authority of division (F) of section 121.22 of the Revised Code, as amended.(B) Any person may determine the time and place of all regularly scheduled meetings and the time, place, and purpose of all special me…

19.03 PDF: (A) Any service required or authorized to be made under section 1121.37 of the Revised Code may, in accordance with that section, be made by personal service by the superintendent of financial institutions or the superintendent's designee.(B) When service is made by pe…

19.03 PDF: (A) The prohibitions in section 1101.15 of the Revised Code apply to all names and designations under which business is done in this state, including legal names, fictitious names, trade names, trade marks, and service marks, and to all business forms, including corpor…

19.03 PDF: This rule is issued by the superintendent of financial institutions pursuant to division (C) of section 9.02 of the Revised Code. It establishes the rates and conditions for reimbursement of actual and necessary costs directly incurred by banks and trust companies in a…

19.03 PDF: "Capital," as defined in division (F) of section 1101.01 of the Revised Code, is calculated as set forth in 12 C.F.R. 32.2, as in effect on August 13, 2024. Last updated May 19, 2025 at 8:07 AM Authorized By: 1121.03 Amplifies: 1101.01 Five Year Review Date: 5/9/2030 P…

19.03 PDF: (A) In evaluating the adequacy of a trust company's capital, the superintendent of financial institutions shall consider all of the following:(1) The nature and volume of the trust company's business, including whether the trust company is primarily engaged in trust bu…

19.03 PDF: (A) As used in this rule:(1) "Borrower" means a person who is named as a borrower or debtor in a loan or extension of credit, or any other person, including a drawer, endorser, or guarantor, who is deemed to be a borrower under the "direct benefit" or the "common enter…

19.03 PDF: (A) As used in division (A)(1) of section 1109.22 of the Revised Code, "loans and extensions of credit" must also include any credit exposure to a person arising from a derivative transaction between the person and the state bank.(B) As used in this rule, "derivative t…

19.03 PDF: (A) Each state bank shall adopt and maintain written policies that establish appropriate limits and standards for extensions of credit that are secured by liens on or interests in real estate, or that are made for the purpose of financing permanent improvements to real…

19.03 PDF: A state bank may issue letters of credit permissible under Chapter 1305. of the Revised Code, provided that all letters of credit are issued in conformity with all of the following:(A) Each letter of credit shall conspicuously state that it is a letter of credit or be …

19.03 PDF: Except as provided by 12 C.F.R. Part 215, as in effect on May 6, 2024, and subject to the same limitations and reporting requirements identified therein, no state bank may extend credit in any manner to any of its executive officers, directors, or principal shareholder…

19.03 PDF: (A) Within the meaning of division (A)(7) of section 1109.32 of the Revised Code, revenue bonds that qualify as "investment grade" as that term is defined in 12 C.F.R. 16.2 , as in effect on April 25, 2024, at the time of acquisition are eligible state bank investments…

19.03 PDF: (A) A state bank may exercise all powers, other than deposit taking, that the state bank may exercise pursuant to section 1109.02 of the Revised Code by means of an operating subsidiary. An operating subsidiary in which a state bank may invest includes a corporation, l…

19.03 PDF: (A) A state bank that intends to invest in, that is to acquire, establish, or perform new activities in, a bank subsidiary corporation or a bank service corporation shall submit a letter of notification to the superintendent of financial institutions requesting the app…

19.03 PDF: The limitation on investment in the securities of a single issuer imposed in division (A) of section 1109.47 of the Revised Code, which, in accordance with division (B)(1) of section 1109.47 the Revised Code, does not apply to a state bank's direct investment in the se…

19.03 PDF: An emergency warranting the immediate transfer of assets and liabilities from one bank to another pursuant to section 1115.15 of the Revised Code exists when, in the opinion of the superintendent such transfer is necessary to prevent the probable failure of one of the …

19.03 PDF: No stock state bank that wants to purchase shares of its own stock pursuant to authority in its articles of incorporation shall make a purchase without prior written approval from the superintendent of financial institutions. To request the superintendent's approval, a…

19.03 PDF: (A) As used in this rule:(1) "Acquisition" means a purchase, assignment, transfer, pledge or other disposition of voting shares, or an increase in percentage ownership of a state bank resulting from a redemption of voting shares.(2) "Acting in concert" means knowing pa…

19.03 PDF: (A) A bank that intends to relocate a banking office within a one-mile radius of the banking office's current location shall, not less than thirty days prior to the effective date of relocation, give the superintendent of financial institutions written notice that incl…

19.03 PDF: (A) Definitions(1) Temporary closure is a closure planned to last two business days or less. (2) Long term closure is a closure planned to last three or more business days.(B) A bank that intends temporary closure of a banking office shall do all of the following:(1) N…

19.03 PDF: (A) Subject to paragraphs (C), (D), (E) and (F) of this rule, a bank may contract to receive deposits, renew time deposits, close loans, service loans, and receive payment on loans and other obligations for its customers through an affiliate depository institution, at …

19.03 PDF: Any federal savings association converting to a state bank may retain the term "Federal" in the name of such institution. Last updated April 4, 2025 at 10:05 AM Authorized By: 1121.03 Amplifies: 1103.07 Five Year Review Date: 3/4/2030

19.03 PDF: (A) This rule describes the procedures and standards governing the superintendent's review and approval of an application by a national bank, bank doing business under authority granted by the bank regulatory authority of another state, a savings association or savings…

19.03 PDF: The term "institution-affiliated party" shall have the same meaning as in Section 3 of the Federal Deposit Insurance Act, 64 Stat. 873 (1950), 12 U.S.C. 1813, as in effect on April 24, 2024. Last updated May 19, 2025 at 8:10 AM Authorized By: 1121.03 Amplifies: 1105.11…

19.03 PDF: (A) For purposes of this rule, "management" means any or all of the directors and officers of a state bank.(B) If management of a stock state bank, other than a bank that is subject to the registration requirements of section 12 of the Securities Exchange Act of 1934, …

19.03 PDF: (A) A trust company, currently licensed to transact trust activities in Ohio, may apply to become a "qualified trustee" under the provisions of section 135.18 or 135.181 of the Revised Code (Uniform Depository Act) by applying with the division of financial institution…

19.03 PDF: (A) "Intangible property" means unclaimed funds as defined in division (B) of section 169.01 and section 169.02 of the Revised Code, or a fixed and certain interest in intangible personal property, of every kind or description, that is held, issued or owed in the cours…

19.03 PDF: (A) Any person adversely affected by a decision of the director may appeal such decision in the manner provided in sections 119.01 to 119.13 of the Revised Code, except any person appealing the disputed findings of an involuntary unclaimed funds examination follows the…

19.03 PDF: (A) The director of commerce shall follow the procedures set forth in Chapter 119. of the Revised Code in regard to public notice of the proposed adoption, amendment or rescission of any rule. The director of commerce shall follow the procedures set forth in Chapter 11…

19.03 PDF: Any organization holding unclaimed funds shall make an examination of the records of its offices, including branch offices and various subdivisions, to insure that it has no documentation of the whereabouts of the owner, or that the owner has not transacted with regard…

19.03 PDF: (A) All information required to be reported to the director of commerce shall be reported on such forms, and in such manner, as prescribed by the director of commerce.(B) If there are no unclaimed funds to report for the current period, the holder is required to file w…

19.03 PDF: (A) The director may, at reasonable times and upon reasonable notice, examine or cause to be examined by auditors of supervisory departments or examiners of the divisions of the state, the records of any holder or person which could be the holder of unclaimed funds, to…

19.03 PDF: (A) A holder may deduct from unclaimed funds required to be reported pursuant to section 169.03 of the Revised Code a charge imposed due to the owner's failure to claim the property within a specified time only if a valid and enforceable written contract between the ho…

19.03 PDF: (A) An underlying share is a security, certificate or other ownership interest as described in division (E) of section 169.02 of the Revised Code, which may or may not be in the possession of the shareholder/owner, issuer, holder, transfer agent, broker or other person…

19.03 PDF: (A) Any person who claims a property interest in unclaimed funds paid or delivered to the director of commerce may file a claim to the funds under section 169.08 of the Revised Code. The claim will be on a form prescribed by the director and signed by the claimant befo…

19.03 PDF: (A) An individual submitting a claim for funds must establish ownership and/or proper authority to claim the funds.(1) Ownership may be established by supplying the director with the claimant's name, address and taxpayer identification number (social security number). …

19.03 PDF: (A) All securities and other intangible property transferred to the director of commerce pursuant to section 169.05 of the Revised Code shall be sold by the director at such time and place and in such manner as deemed reasonable. Neither the director nor any employee t…

19.03 PDF: (A) Every holder maintaining safe deposit boxes or other safekeeping repositories located in this state shall report to the director, under section 169.03 of the Revised Code, with an inventory of property in its possession which constitute unclaimed funds under divisi…

19.03 PDF: (A) The real estate appraiser board, in giving public notice as to the adoption, amendment, or rescission of any rule required to be adopted under Chapter 119. of the Revised Code, shall publish a notice, at least once, in the register of Ohio and in such other publica…

19.03 PDF: (A) Any person may ascertain the time and place of all regularly scheduled meetings and the time, place, and purpose of all special meetings of the real estate appraiser board by:(1) Writing to the following address - "Real Estate Appraiser Board, Division of Real Esta…

19.03 PDF: The applicable nonrefundable fees shall be assessed by the real estate appraiser board as follows:(A) The examination fee for certification as a general real estate appraiser or for certification or licensure as a residential real estate appraiser is set forth in the a…

19.03 PDF: (A) The real estate appraiser board, in its discretion, may enter into reciprocity agreements providing for the waiver of examination with the appraiser regulatory authority of other states where those states have requirements that meet or exceed the requirements in th…

19.03 PDF: (A) A person, who has obtained a residential real estate appraiser license from another state may obtain an Ohio residential real estate appraiser license provided all of the following are satisfied:(1) The state that issued the person a residential real estate apprais…