Section 1181.05 | Conflicts of Interest.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) As used in this section, “consumer finance company” means any person required to be licensed or registered under Chapter 1321., 1322., 4712., 4727., or 4728. or sections 1315.21 to 1315.30 of the Revised Code. (B) Neither the superintendent of financial institutions […]
Section 1127.06 | Violation of Superintendent of Financial Institutions Order.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly No person subject to an order issued by the superintendent of financial institutions under section 1121.33 or 1121.34 of the Revised Code shall knowingly participate, directly or indirectly, in any manner, including by engaging in an activity specifically prohibited in the order, […]
Section 1127.08 | False, Misleading, Forged, or Counterfeit Documents.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly No person, for the purpose of influencing in any manner the actions or decisions of the superintendent of financial institutions in the superintendent’s capacity as chief executive officer of the division of financial institutions, shall knowingly make or provide to the superintendent […]
Section 1127.09 | False or Misleading Communications.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly No person shall knowingly make, publish, or otherwise communicate any statement, report, information, or data relating to the financial or other condition of any bank or trust company that the person knows to be false or misleading.
Section 1127.11 | Concealing Assets.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly No person shall knowingly do any of the following: (A) Conceal or attempt to conceal an asset or property from a conservator, receiver, or liquidating agent appointed by the superintendent of financial institutions with respect to any asset acquired or liability assumed […]
Section 1127.99 | Penalty.
Effective: January 1, 1997 Latest Legislation: House Bill 538 – 121st General Assembly (A) Whoever violates section 1127.06, 1127.08, or 1127.11 of the Revised Code is guilty of a felony of the third degree. (B) Whoever violates section 1127.02 or 1127.03 of the Revised Code is guilty of a felony of the fourth degree. (C) […]
Section 1181.01 | Superintendent Is Chief Executive Officer; Qualifications; Appointment of Deputy Superintendents.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly The superintendent of financial institutions shall be the chief executive officer of the division of financial institutions. (A) The superintendent shall have at least five years of experience in the financial services industry or in the examination or regulation of financial institutions. […]
Section 1181.02 | Employees.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly The superintendent of financial institutions may appoint and employ such assistants, clerks, examiners, and other employees, and such professionals and agents, as the prompt execution of the duties of the superintendent’s office requires, and may employ attorney examiners if the superintendent considers […]
Section 1181.03 | Fidelity Bonds.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) Before entering upon the discharge of the duties of the office of the superintendent of financial institutions, the superintendent shall give bond to the state in the sum of one million dollars with sureties approved by the governor and conditioned on […]
Section 1125.27 | Receiver May Appoint Successor.
Effective: January 1, 2018 Latest Legislation: House Bill 49 – 132nd General Assembly (A) The receiver may appoint a successor to all rights, obligations, assets, deposits, agreements, and trusts held by the closed state bank as trustee, administrator, executor, guardian, agent, or in any other fiduciary or representative capacity. The successor’s duties and obligations commence […]