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Can you summarize OHRC Chapter 1117?
Banks-Savings and Loan Associations > Banks - Offices
Short Summary
This legal document, governed by the Ohio Revised Code, specifically addresses the establishment and operation of banking offices. It applies to banks with their principal place of business in Ohio. The document outlines the application process, including the submission of an application to the superintendent of financial institutions and the superintendent’s timeline for acceptance and approval. It also requires the bank to publish a notice of the proposed banking office in local newspapers and allows for public comments on the proposal. The superintendent is responsible for investigating relevant comments and considering various criteria, such as the bank’s management, capital adequacy, and lending record, in determining whether to approve the proposed banking office. Additionally, the document includes provisions related to affirmative action lending programs and compliance monitoring by the superintendent. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Banks with their principal place of business in Ohio
What does it govern?
Establishment and operation of banking offices
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Ohio