1301:2-3-04 Commercial lending.

A savings and loan association may make loans permissible under section 1151.30 of the Revised Code of up to thirty per cent of the savings and loan association's assets provided that the savings and loan association 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 1301:2-2-01 of the Administrative Code :

Net Worth Schedule

Cite as Ohio Admin. Code 1301:2-3-04

Five Year Review (FYR) Dates: 03/11/2016 and 03/11/2021
Promulgated Under: 119.03
Statutory Authority: 1155.20
Rule Amplifies: 1151.30
Prior Effective Dates: 9/3/04, 8/9/10

Prior History: (Effective: 08/09/2010
R.C. 119.032 review dates: 04/14/2010 and 04/14/2015
Promulgated Under: 119.03
Statutory Authority: 1155.20
Rule Amplifies: 1151.30
Prior Effective Dates: 9-3-04 )