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
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 )