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To enact sections 1121.051, 1155.181, 1163.221, and | 1 |
1733.413 of the Revised Code to permit Ohio banks, | 2 |
savings and loan associations, savings banks, and | 3 |
credit unions to charge the same interest rate and | 4 |
other charges that out-of-state banks may charge | 5 |
Ohio customers. | 6 |
Section 1. That sections 1121.051, 1155.181, 1163.221, and | 7 |
1733.413 of the Revised Code be enacted to read as follows: | 8 |
Sec. 1121.051. Notwithstanding any limitations contained in | 9 |
the Revised Code, a bank may charge its customers interest, fees, | 10 |
and other charges at any rates or amounts that a bank located in | 11 |
another state may charge to customers in this state. | 12 |
Sec. 1155.181. Notwithstanding any limitations contained in | 13 |
the Revised Code, a savings and loan association may charge its | 14 |
customers interest, fees, and other charges at any rates or | 15 |
amounts that a savings and loan association located in another | 16 |
state may charge to customers in this state. | 17 |
Sec. 1163.221. Notwithstanding any limitations contained in | 18 |
the Revised Code, a savings bank may charge its customers | 19 |
interest, fees, and other charges at any rates or amounts that a | 20 |
savings bank located in another state may charge to customers in | 21 |
this state. | 22 |
Sec. 1733.413. Notwithstanding any limitations contained in | 23 |
the Revised Code, a credit union may charge its customers | 24 |
interest, fees, and other charges at any rates or amounts that a | 25 |
credit union located in another state may charge to customers in | 26 |
this state. | 27 |