Ohio Revised Code Search

...rower does not in any manner affect the deposit agreement required by section 135.623 of the Revised Code between the eligible lending institution and the treasurer of state. (B) If an eligible lending institution changes the terms of a loan to an eligible borrower because of a delay in payments or default, the amount of the linked deposit associated with the loan plus applicable interest and without early withdra...

...f the state through the adoption linked deposit program to create the availability of reduced rate loans to reduce the financial burden of adoption and to strengthen families in this state. (B) An eligible borrower for the adoption linked deposit program is an individual who is a resident of this state and to whom either of the following applies: (1) The individual completes a home study pursuant to section 310...

...e state through the agricultural linked deposit program to create the availability of reduced rate loans to inject needed capital into the agricultural community, sustain or improve agricultural economic growth and profitability, and protect a core driver of the state's economy. (B) An eligible borrower for the agricultural linked deposit program is any person engaged in agriculture that has all the following char...

...state through the small business linked deposit program to create the availability of reduced rate loans to inject needed capital into the business community, sustain or improve small business growth profitability, protect the jobs of residents, and foster economic growth and development within Ohio's small businesses. (B) An eligible borrower for the small business linked deposit program is any person, including ...

...ate through the home improvement linked deposit program to create the availability of reduced rate loans to improve, maintain, or restore an existing homestead. (B) An eligible borrower for the home improvement linked deposit program is any individual who is a resident of this state and to whom both of the following apply: (1) The individual is the owner of an existing homestead located in this state. (2) Th...

...tions are willing to pay to hold linked deposits. (D) "Eligible credit union" has the same meaning as in section 135.62 of the Revised Code. (E) "Eligible expenses" has the same meaning as in section 5747.85 of the Revised Code. (F) "Eligible home costs" means the down payment, eligible expenses, and closing costs for the purchase of a home by an eligible participant, or the transfer of funds from one homeow...

...tution that desires to receive a linked deposit shall accept and review applications for a linked deposit savings account from eligible participants for linked deposit programs in which the eligible savings institution participates. (B)(1) An eligible participant shall certify on its linked deposit savings account application all of the following: (a) The eligible participant is a resident of this state. (b)...

... of state may accept or reject a linked deposit savings package, or any portion of it, based on the treasurer of state's evaluation of the amount of state funds to be deposited with an eligible savings institution. (B) Upon acceptance of the linked deposit savings package or any portion of it, the treasurer of state may place, purchase, or designate a linked deposit with the eligible savings institution at the dis...

... savings institution shall enter into a deposit agreement with the treasurer of state, which shall include the requirements necessary to carry out the purposes of sections 135.70 to 135.71 of the Revised Code. (B) The deposit agreement shall specify the maturity period of the linked deposit considered appropriate by the treasurer of state, which shall not exceed the length of the program period, as well as any oth...

...ng, purchasing, or designating a linked deposit, the eligible savings institution shall offer the premium savings rate on a linked deposit savings account to each approved eligible participant listed in the accepted linked deposit savings package, and in accordance with the deposit agreement required by section 135.703 of the Revised Code. The premium savings rate shall apply to a linked deposit savings account as de...

... for the terms associated with a linked deposit savings account. Any misuse or misconduct on the part of an eligible savings institution or eligible participant does not in any manner affect the deposit agreement required by section 135.703 of the Revised Code between the eligible savings institution and the treasurer of state. (B) If an eligible savings institution changes the terms of an eligible participant's l...

...hrough the homeownership savings linked deposit program to make available premium rate savings accounts for the down payment and closing costs associated with the purchase of a home. (B) An eligible participant for the homeownership savings linked deposit program is an individual who is a resident of this state, or a member of the uniformed services, on active duty assignment, who is a resident of this state via a...

... by resolution, may establish a linked deposit program authorizing the treasurer or governing board of the municipal corporation, the board of directors of the port authority or lake facilities authority, or the investing authority of the county, as created or designated by the ordinance or resolution, to place certificates of deposit at up to three per cent below market rates with an eligible lending instituti...

...lity," and "residential facility linked deposit program" have the same meanings as in section 5126.51 of the Revised Code. (B) The board of county commissioners may adopt a resolution implementing a residential facility linked deposit program under sections 5126.51 to 5126.62 of the Revised Code if it finds each of the following: (1) The county board of developmental disabilities has adopted a resolution under sect...

...menting a residential facility linked deposit program under sections 5126.51 to 5126.62 of the Revised Code: (A) Specific findings of fact justifying implementation of the residential facility linked deposit program in the county; (B) Guidelines to be followed by the county board of developmental disabilities in establishing standards under section 5126.49 of the Revised Code for approving applications fo...

...able for a residential facility linked deposit and shall certify to the county board of developmental disabilities either that public moneys are available or that public moneys are not available. If public moneys are not available the certification shall indicate the date, if any, on which the board of county commissioners anticipates that public moneys will be available.

...an under a property tax payment linked deposit program of the lesser of fifty thousand dollars or the total income limit established pursuant to section 135.805 of the Revised Code by the board of county commissioners as an eligibility requirement for participation in a property tax payment linked deposit program. (3) The person meets all other eligibility requirements established pursuant to section 135.805 o...

...ate through property tax payment linked deposit programs established by counties to provide a source of low-cost funds for lending purposes to assist these citizens in timely paying property taxes on their homesteads. (B) A board of county commissioners, by resolution, may establish for the benefit of persons sixty-five years of age or older, or persons who are permanently and totally disabled, or both groups of per...

...Upon placement of a certificate of deposit with an eligible lending institution pursuant to an agreement described in section 135.805 of the Revised Code, the eligible lending institution shall do both of the following: (A) Lend funds pursuant to the agreement to an eligible borrower; (B) Comply fully with the requirements of sections 135.804 to 135.807 of the Revised Code.

...(A) A property tax payment linked deposit program shall provide for the delivery of a lien certificate to an eligible lending institution making payment to the county treasurer, pursuant to a loan agreement between the eligible lending institution and eligible borrower, of some or all of the taxes then due on the homestead of that eligible borrower. (B)(1) To ensure uniformity among all counties, the tax comm...

...partment or agency would regulate a sandbox participant if the person were not a sandbox participant. (B) "Consumer" means a person that obtains, from a sandbox participant, a novel financial product or service that is to be used primarily for personal, family, household, or business purposes. "Consumer" includes a legal representative of the person. (C) "Financial product or service" means a product or service t...

...utions shall establish a regulatory sandbox program in consultation with applicable agencies to enable a person to obtain limited access to the market in this state to test novel financial products or services without obtaining any other license or authorization that otherwise would be required.

...n may apply to enter the regulatory sandbox to test a novel financial product or service. (2) A person shall file an application with the superintendent of financial institutions in order to test a novel financial product or service if either of the following applies: (a) The person does not hold a license or other authorization under Title XI or Chapter 1315., 1321., 1322., 1733., 4712., 4727., or 4728. of the R...

...itting a person into the regulatory sandbox. This consultation may include seeking information about any of the following: (A) Whether the applicable agency previously has either: (1) Issued a license or other authorization to the applicant; (2) Investigated, sanctioned, or pursued legal action against the applicant. (B) Whether the applicant could obtain a license or other authorization from an applicable ag...

...ation for entry into the regulatory sandbox, the applicant is considered a sandbox participant and the superintendent shall issue the sandbox participant a license number. (B) The superintendent and sandbox participant shall enter into an agreement regarding the scope of the sandbox participant's test including any restrictions or limits on testing such as the number of consumers permitted to use the novel financia...