Chapter 1301:12-2 - Reserve and Net Worth Requirements

1301:12-2-01 Net worth requirement.

Net worth as referred to in section 1161.53 of the Revised Code shall consist of tier 1 capital as defined by 12 C.F.R. Part 324, as in effect on July 15, 2015.

Effective: 5/28/2016
Five Year Review (FYR) Dates: 03/11/2016 and 05/28/2021
Promulgated Under: 119.03
Statutory Authority: 1163.24
Rule Amplifies: 1161.53
Prior Effective Dates: 11/17/91, 6/3/04, 8/9/10

1301:12-2-02 [Rescinded] Reserve requirement.

Effective: 08/09/2010
R.C. 119.032 review dates: 04/14/2010
Promulgated Under: 119.03
Statutory Authority: 1163.24
Rule Amplifies: 1161.53
Prior Effective Dates: 11-17-91, 6-3-04