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This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and universities.

Rule 1301:9-2-27 | Interest rebate.

 

The board of directors may authorize the payment of an interest rebate on loan accounts upon such reasonable terms as are consistent with the following provisions:

(A) The board of directors shall authorize the method of computation, payment and qualifications for participation in such rebate; and

(B) Any rebate of interest shall be recorded as a reduction of the loan interest for the accounting period to which it applies.

Supplemental Information

Authorized By:
Amplifies:
Five Year Review Date: