Section 1761.21 | Information to Be Kept Confidential.
Effective: September 14, 1988 Latest Legislation: House Bill 796 – 117th General Assembly (A) All conferences and administrative proceedings under sections 1761.18 and 1761.19 of the Revised Code, the fact of their actual or anticipated occurrence, and all notices, agreements, hearings, orders, records, evidence, transcripts, and other writings, happenings, or things pertaining to those conferences […]
Section 1761.23 | License Revocation.
Effective: September 14, 1988 Latest Legislation: House Bill 796 – 117th General Assembly (A) The superintendent of insurance may revoke the license of any credit union share guaranty corporation that fails to comply with a final cease-and-desist order issued under section 1761.18 of the Revised Code or for any violation of this chapter or the […]
Section 1761.24 | State Not Liable for Deficiency.
Effective: September 14, 1988 Latest Legislation: House Bill 796 – 117th General Assembly Nothing in this chapter creates any liability upon this state for the payment of any funds to any participating credit union by reason of the acts or omissions of the credit union share guaranty corporation, nor shall the state pay any deficiency […]
Section 1761.26 | Criminal Records Check to Be Requested by Superintendent.
Effective: January 1, 2013 Latest Legislation: House Bill 487 – 129th General Assembly Whenever the approval of the superintendent of credit unions is required under this chapter, or under an order or supervisory action issued or taken under this chapter, for a person to serve as an organizer, incorporator, director, or executive officer of a […]
Section 1761.99 | Penalty.
Effective: September 14, 1988 Latest Legislation: House Bill 796 – 117th General Assembly (A) Whoever violates section 1761.05 or division (G) of section 1761.08 of the Revised Code is guilty of a misdemeanor of the first degree. (B) Whoever violates division (C) of section 1761.21 of the Revised Code is guilty of a misdemeanor of […]
Section 1761.18 | Unsafe or Unsound Practices.
Effective: September 14, 1988 Latest Legislation: House Bill 796 – 117th General Assembly (A)(1) If, in the opinion of the superintendent of credit unions, a credit union share guaranty corporation or a director, officer, or employee of the corporation is engaged in any unsafe or unsound practice in conducting the business of the corporation, has […]
Section 1761.19 | Setting Supervisory Conference.
Effective: September 14, 1988 Latest Legislation: House Bill 796 – 117th General Assembly (A) If, at any time, the superintendent of credit unions or the superintendent of insurance has cause to believe that the actions or practices of a credit union share guaranty corporation or its officers, directors, or employees may cause harm to the […]
Section 1761.20 | Civil Penalty.
Effective: September 14, 1988 Latest Legislation: House Bill 796 – 117th General Assembly (A)(1) If a credit union share guaranty corporation or a director, officer, or employee of the corporation fails to comply with any agreement concluded with the superintendent of credit unions under section 1761.19 of the Revised Code, or any final or summary […]
Section 1761.08 | Assessing Financial Condition and Performance of Credit Union.
Effective: March 23, 2015 Latest Legislation: House Bill 652 – 130th General Assembly (A)(1) In order to permit the credit union share guaranty corporation to assess the financial condition and performance of a credit union, upon the written request of the corporation, the superintendent of credit unions or other credit union supervisory authority or the […]
Section 1761.09 | Guarantees for Share Accounts.
Effective: March 23, 2015 Latest Legislation: House Bill 652 – 130th General Assembly (A) Each credit union share account of an individual member or, as described in division (B)(2) of section 1761.02 of the Revised Code, a nonmember of a participating credit union shall be guaranteed in amounts established from time to time by the […]