Ohio Administrative Code Search

...as a minimum, the following policies: (1) An electronic information policy which shall provide for operating procedures, practices and purchases of devices used for information technology. These policies and procedures shall serve as an overall plan and analysis of how the system benefits the credit union. In addition, these policies and procedures shall provide guidance and uniformity to the credit union's managem...

... minimum, the following policies: (1) An electronic information policy which shall provide for operating procedures, practices and purchases of devices used for information technology. These policies and procedures shall serve as an overall plan and analysis of how the system benefits the credit union. In addition, these policies and procedures shall provide guidance and uniformity to the cre...

...ee described in division (E) of section 1733.32 of the Revised Code, based on a percentage of the gross assets of the credit union, as shown by its last annual financial report, by the following groupings: (1) The amount from $1 to $125,000 of the credit union's gross assets shall be billed at a rate as established by the superintendent; (2) The amount from $125,001 to $4,000,000 of the credit union's gross assets ...

...escribed in division (E) of section 1733.32 of the Revised Code, based on a percentage of the gross assets of the credit union, as shown by its last annual financial report, by the following groupings: (1) The amount from $1 to $125,000 of the credit union's gross assets shall be billed at a rate as established by the superintendent; (2) The amount from $125,001 to $4,000,000 of the credit u...

... by the surety to the superintendent: (1) When the bond of a credit union is terminated in its entirety and when bond coverage is terminated, by issuance of a written notice, on an employee, director, officer or committee member. The notification shall be sent to the superintendent and shall include a brief statement of cause for termination. (2) When the bond coverage is changed by the credit union or surety. The ...

... by the surety to the superintendent: (1) When the bond of a credit union is terminated in its entirety and when bond coverage is terminated, by issuance of a written notice, on an employee, director, officer or committee member. The notification shall be sent to the superintendent and shall include a brief statement of cause for termination. (2) When the bond coverage is changed by the credit union or surety. The ...

...ments and investment restrictions (1) No credit union shall invest any of its funds in any securities or other property not specifically authorized in section 1733.30 of the Revised Code unless the superintendent has approved of the investment policy in writing. The credit union shall file with the superintendent such investment policy with a copy of a resolution of the board of directors of ...

...ments and investment restrictions (1) A credit union may invest funds in securities or other property not specifically authorized in section 1733.30 of the Revised Code if the superintendent has approved of the investment policy in writing. The credit union shall file with the superintendent such investment policy with a copy of a resolution of the board of directors of such credit union app...

...(A) Pursuant to division (C) of section 1733.31 of the Revised Code, the superintendent defines "liquidity fund" as the sum of all cash on hand or on deposit, plus all investments maturing within one year of the date the calculation in paragraph (C)(1) of this rule is performed. (B) The superintendent may require a particular credit union or all credit unions to establish a liquidity fund grea...

...(A) Definitions (1) The term "group" for the purposes of this rule shall be as described in division (D)(1) of section 1733.05 of the Revised Code, except that for the purpose of a vote to disaffiliate group membership, shall not include a member who acquires his "common bond" for member status through familial relationship. (2) "Original credit union" for the purposes of this rule shall mean the credit union from ...

...(A) Definitions (1) The term "group" for the purposes of this rule means a "select group" as described in division (D)(1) of section 1733.05 of the Revised Code; however, for the purpose of a vote to disaffiliate group membership, the term "group" does not include a member who acquires his or her "common bond" for member status through familial relationship. (2) "Original credit union" f...

...te loan" has the same meaning as in 12 C.F.R. 702.2, as in effect on November 1, 2023. (B) For purposes of this rule, a "non-conforming loan" means a loan which the credit union knows or has a reasonable basis to conclude is not eligible to be sold to either the federal naional mortgage association (Fannie Mae) or the federal home loan mortgage corporation (Freddie Mac). (C) For purposes of thi...

...he "Truth in Lending Act," 82 Stat. 149 (1980), 15 U.S.C. 1606, as in effect on July 18, 2023. (B) Adequate insurance on properties securing home equity and second mortgage loans shall be in place and the borrower shall furnish a copy of a fire and casualty policy in at least the amount of any outstanding mortgage with a mortgage loss payable clause in favor of the credit union. (C) Credit union...

...e. Exceptions to this definition are: (1) Loans fully secured by a lien on a one-to-four-family dwelling; (2) Loans fully secured by shares in the credit union or deposits in other financial institutions; (3) Aggregated member business loans to a member or an associated member for less than fifty thousand dollars; (4) Loans fully insured or guaranteed by the federal, state, or local govern...

...(A) As used in this rule: (1) "Fixed assets" means any premises, furniture, fixtures, and equipment. (2) "Furniture, fixtures, and equipment" include all office furnishings, office machines, computer hardware and software, automated terminals, heating and cooling equipment and machinery. (3) "Premises" includes any parking lot, office, branch office, service facility as defined in rule 1301...

...(A) As used in this rule: (1) "Fixed assets" means any premises, furniture, fixtures, and equipment. (2) "Furniture, fixtures, and equipment" include all office furnishings, office machines, computer hardware and software, automated terminals, heating and cooling equipment and machinery. (3) "Premises" includes any parking lot, office, branch office, service facility as defined in rule 1301...

...derally chartered credit union must: (1) Submit the following to the superintendent: (a) A letter requesting conversion and stating the reasons for the conversion; (b) A copy of the application to convert submitted to the national credit union administration; (c) A resolution adopted by a majority of the board of directors of the credit union stating its intention to convert; (d) A certified cop...

...Except as provided in divisions (A)(1) to (A)(8) of section 1761.13 of the Revised Code, a credit union share guaranty corporation shall not invest or deposit its funds in any manner or make any investment in any company, related or unrelated, without obtaining the prior written approval of the superintendent of credit unions. (B) As used in paragraph (A) of this rule: (1) "Company" means any ...

...s as defined in division (B) of section 169.01 and section 169.02 of the Revised Code, or a fixed and certain interest in intangible personal property, of every kind or description, that is held, issued or owed in the course of a holder's business, and all income or increments therefrom. The term "intangible property" includes, but not by way of limitation, property that is referred to as, or evid...

...s as defined in division (B) of section 169.01 and section 169.02 of the Revised Code, or a fixed and certain interest in intangible personal property, of every kind or description, that is held, issued or owed in the course of a holder's business, and all income or increments therefrom. The term "intangible property" includes, but not by way of limitation, property that is referred to as or evide...

...o determine compliance with Chapter 169. of the Revised Code. The director may enter into contracts, pursuant to procedures prescribed by the director, with persons for the sole purpose of examining the records of holders, determining compliance with Chapter 169. of the Revised Code, and collecting, taking possession of, and remitting to the department's division of unclaimed funds, in a timel...

...o determine compliance with Chapter 169. of the Revised Code. The director may enter into contracts, pursuant to procedures prescribed by the director, with persons for the sole purpose of examining the records of holders, determining compliance with Chapter 169. of the Revised Code, and collecting, taking possession of, and remitting to the department's division of unclaimed funds, in a timel...

...as described in division (E) of section 169.02 of the Revised Code, which may or may not be in the possession of the shareholder/owner, issuer, holder, transfer agent, broker or other person. (B) An underlying share, security or other intangible instrument representing an ownership interest in a business association, which is a registered security, is unclaimed funds if the owner has not within five years claimed ...

...l report to the director, under section 169.03 of the Revised Code, with an inventory of property in its possession which constitute unclaimed funds under division (I) of section 169.02 of the Revised Code, provided, however, that if the holder has sold such property, the holder shall report to the director any amount arising from the sale under division (I) of section 169.02 of the Revised Code. (B) Such report of ...

...f the real estate appraiser board by: (1) Writing to the following address - "Real Estate Appraiser Board, Division of Real Estate and Professional Licensing, 77 South High Street, Columbus, Ohio 43215-6133," or (2) Calling the following telephone number during normal business hours - 614-466-4100, or (3) Accessing the division of real estate and professional licensing website. (B) Any person ...