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OH SB218
Bill
Status
9/12/2011
Primary Sponsor
William Coley
Click for details
AI Summary
S.B. 218 Summary
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Permits Ohio banks to charge interest, fees, and other charges at any rates that out-of-state banks may charge to Ohio customers, notwithstanding existing Revised Code limitations.
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Extends the same charging authority to Ohio savings and loan associations, allowing them to match rates and fees charged by out-of-state savings and loan associations.
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Allows Ohio savings banks to charge interest, fees, and other charges at rates equivalent to what out-of-state savings banks may charge Ohio customers.
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Grants Ohio credit unions the ability to charge interest, fees, and other charges at any rates that out-of-state credit unions may charge to Ohio customers.
Legislative Description
To permit Ohio banks, savings and loan associations, savings banks, and credit unions to charge the same interest rate and other charges that out-of-state banks may charge Ohio customers.
Ohio banking institutions-same interest charges as out-of-state banks
Last Action
To Financial Institutions
9/12/2011