1301:12-3-04 Commercial lending.

A savings bank may make loans permissible under section 1161.46 of the Revised Code of up to thirty per cent of the savings bank's assets provided that the savings bank maintains its reserves in accordance with the following schedule. For the purpose of the commercial lending limits, reserves means net worth as defined in rule 1301:12-2-01 of the Administrative Code:

Net Worth Schedule

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Effective: 08/09/2010
R.C. 119.032 review dates: 04/14/2010 and 04/14/2015
Promulgated Under: 119.03
Statutory Authority: 1163.24
Rule Amplifies: 1161.46
Prior Effective Dates: 6-3-04