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S. B. No. 218 As IntroducedAs Introduced
129th General Assembly | Regular Session | 2011-2012 |
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A BILL
To enact sections 1121.051, 1155.181, 1163.221, and
1733.413 of the Revised Code to permit Ohio banks,
savings and loan associations, savings banks, and
credit unions to charge the same interest rate and
other charges that out-of-state banks may charge
Ohio customers.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That sections 1121.051, 1155.181, 1163.221, and
1733.413 of the Revised Code be enacted to read as follows:
Sec. 1121.051. Notwithstanding any limitations contained in
the Revised Code, a bank may charge its customers interest, fees,
and other charges at any rates or amounts that a bank located in
another state may charge to customers in this state.
Sec. 1155.181. Notwithstanding any limitations contained in
the Revised Code, a savings and loan association may charge its
customers interest, fees, and other charges at any rates or
amounts that a savings and loan association located in another
state may charge to customers in this state.
Sec. 1163.221. Notwithstanding any limitations contained in
the Revised Code, a savings bank may charge its customers
interest, fees, and other charges at any rates or amounts that a
savings bank located in another state may charge to customers in
this state.
Sec. 1733.413. Notwithstanding any limitations contained in
the Revised Code, a credit union may charge its customers
interest, fees, and other charges at any rates or amounts that a
credit union located in another state may charge to customers in
this state.
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