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Can you summarize OHRC Chapter 1127?
Banks-Savings and Loan Associations > Banks - Crimes And Prohibited Activities
Short Summary
This legal document, part of the Ohio Revised Code, governs actions by regulated persons that may constitute criminal offenses. Regulated persons are defined in section 1121.01 of the Revised Code. The document lists various actions that may be considered violations of section 1127.08 of the Revised Code or other theft, fraud, falsification, or similar offenses mentioned in Title XXIX of the Revised Code. These actions include embezzlement, fraudulent issuance of certificates of deposit, making false entries in books or reports, falsifying or concealing material facts, making false statements or using false documents, making false statements about property held in trust, obtaining money with the intent to defraud a bank or trust company, certifying checks without sufficient funds, and engaging in activities to evade or circumvent the prohibitions. The document does not specify the penalties for non-compliance or violation of its provisions. However, it states that violating section 1127.06, 1127.08, or 1127.11 of the Revised Code is a felony of the third degree, violating section 1127.02 or 1127.03 of the Revised Code is a felony of the fourth degree, and violating section 1127.09 of the Revised Code is a felony of the fifth degree.
Whom does it apply to?
Regulated persons as defined in section 1121.01 of the Revised Code
What does it govern?
Actions by regulated persons that may constitute criminal offenses
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Felony of the third degree for violating section 1127.06, 1127.08, or 1127.11 of the Revised Code. Felony of the fourth degree for violating section 1127.02 or 1127.03 of the Revised Code. Felony of the fifth degree for violating section 1127.09 of the Revised Code.
Jurisdiction
Ohio