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Can you summarize OHAC Rule 1301:1-3-04?

Lending Limits and Standards > Insider loans.

Short Summary

Except as provided by 12 C.F.R. Part 215, as in effect on September 13, 2011, and subject to the same limitations and reporting requirements identified therein, no state bank may extend credit in any manner to any of its executive officers, directors, or principal shareholders, or to any of their related interests.

Jurisdiction

Ohio

Source
OHAC Rule 1301:1-3-04 [https://reggi.cloud.regology.com/regulations/US-OHAC/US-OHAC_T_1301:1_C_1301:1-3_S_1301:1-3-04]