reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1313.58 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1313 | Voluntary Assignments|Section 1313.58 | Creditor or Assignee to Bring Suit.

Effective: August 15, 1996|Latest Legislation:  Senate Bill 155 - 121st General Assembly|Any creditor as to whom any of the acts or things prohibited in sections 1313.56 and 1313.57 of the Revised Code are void, whether the claim of such creditor has matured or will thereafter mature, may commence an action in a court of competent jurisdiction to have such acts or things declared void. Such court shall appoint a trustee or receiver under sections 1313.01 to 1313.59 of the Revised Code, who, upon being duly qualified, must proceed by due course of law to recover possession of all property sold, conveyed, transferred, mortgaged, or assigned, and to administer it for the equal benefit of all creditors, as in other cases of assignments to trustees for the benefit of creditors. An assignee as to whom anything mentioned in sections 1313.56 and 1313.57 of the Revised Code is void, likewise must commence a suit in a court of competent jurisdiction to recover possession of all property sold, conveyed, transferred, mortgaged, or assigned, and if recovered, shall administer it for the equal benefit of all creditors as in other cases of assignments to trustees for the benefit of creditors.
Ohio Rev Code § 1313.59 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1313 | Voluntary Assignments|Section 1313.59 | Creditor May Bring Suit.

Effective: October 1, 1953|Latest Legislation:  House Bill 1 - 100th General Assembly|If the assignee fails or declines, upon notice by any creditor, to institute suit as provided in section 1313.58 of the Revised Code, such creditor may himself commence it within five days after serving notice upon the assignee to commence suit, and the procedure and administration shall be the same as is provided for in sections 1313.01 to 1313.58, inclusive, of the Revised Code for suits begun by a creditor.
Ohio Rev Code § 1315.01 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.01 | Transmitters of Money Definitions.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|Except when the context otherwise requires, as used in sections 1315.01 to 1315.18 of the Revised Code:(A) "Authorized delegate" means a person designated by a licensee under section 1315.11 of the Revised Code to receive, directly or indirectly, money or its equivalent for transmission by the licensee.(B) "Control" means the power, directly or indirectly, to direct the management and policies of a licensee or the ownership, control of, or power to vote twenty-five per cent or more of any class of the outstanding voting securities of a controlling person. For purposes of determining the percentage of a licensee controlled by any person, the person's interest shall be aggregated with the interest of any other person controlled by the person or by any spouse, parent, or child of the person.(C) "Controlling person" means any person that controls a licensee.(D) "Executive officer" means the licensee's president, treasurer, secretary, each senior officer responsible for the licensee's business, and any other person that performs similar functions.(E) "Licensee" means a person licensed under sections 1315.01 to 1315.18 of the Revised Code to receive, directly or indirectly, for transmission, money or its equivalent from persons located in this state.(F) "Outstandings" means the total of all moneys received for transmission that are not yet delivered, paid, or accessed.(G) "Transmit money" means to receive, directly or indirectly and by any means, money or its equivalent from a person and to deliver, pay, or make accessible, by any means, method, manner, or device, whether or not a payment instrument is used, the money received or its equivalent to the same or another person, at the same or another time, and at the same or another place, but does not include transactions in which the recipient of the money or its equivalent is the principal or authorized representative of the principal in a transaction for which the money or its equivalent is received, other than the transmission of money or its equivalent. "Transmit money" also includes the sale of checks and other payment instruments.
Ohio Rev Code § 1315.05 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.05 | Continuing Duties of Licensees.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|Each licensee, at all times, shall meet both of the following requirements:(A) Be a legally established business entity that is capitalized separately and distinctly from every other legal entity and qualified to do business in this state;(B) Have a minimum net worth of not less than five hundred thousand dollars, calculated according to generally accepted accounting principles, but excluding any assets that the superintendent of financial institutions disqualifies and including any off-balance sheet liabilities that the superintendent requires.(C) No licensee shall fail to comply with this section.
Ohio Rev Code § 1315.06 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.06 | Minimum Amount of Permissible Investments.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|(A)(1)(a) Subject to division (A)(2) of this section, each licensee shall maintain permissible investments described in division (B) of this section having an aggregate market value of not less than the aggregate amount of all of the licensee's outstandings received from persons in the United States, directly and through authorized delegates, to the extent reported to the licensee.(b) For purposes of division (A)(1)(a) of this section, a licensee's permissible investments, even if commingled with other assets of the licensee, and a licensee's other assets to the extent necessary to equal the licensee's outstandings, are, by operation of law, impressed with a trust and held for the benefit of persons the money of which the licensee holds for transmission, and these permissible investments are not available to satisfy any other of the licensee's creditors.(2) The superintendent of financial institutions may waive the requirement described in division (A)(1)(a) of this section if the volume of a licensee's outstandings does not exceed the licensee's security device provided pursuant to section 1315.07 of the Revised Code.(B) All of the following are permissible investments by a licensee:(1) Cash;(2) Certificates of deposit or other debt obligations of a depository institution, either domestic or foreign;(3) Bills of exchange or time drafts drawn on and accepted by a commercial bank, otherwise known as bankers' acceptances, that are eligible for purchase by member banks of the federal reserve system;(4) Any investment bearing a rating of one of the three highest grades as defined by a nationally recognized organization that rates securities;(5) Investment securities that are obligations of the United States or its agencies or instrumentalities; obligations that are guaranteed fully as to principal and interest by the United States; or any obligations of any state, municipality, or political subdivision of a state;(6) Shares in a money market mutual fund; interest-bearing bills, notes, bonds, debentures, or preferred stock traded on any national securities exchange or on a national over-the-counter market; or mutual funds primarily composed of such securities or a fund composed of one or more permissible investments described in division (B) of this section;(7) Any demand borrowing agreement or agreements made to a corporation or a subsidiary of a corporation the capital stock of which is listed on a national exchange, provided that the total borrowing agreements with any one borrower do not exceed ten per cent of the licensee's outstandings;(8) To the extent permitted by the superintendent, receivables that are due to a licensee from its authorized delegates and are not past due or doubtful of collection;(9) Any other investments approved by the superintendent.(C) No licensee shall fail to comply with this section.
Ohio Rev Code § 1315.08 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.08 | Quarterly Reports - Annual Financial Statements.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|(A) Within forty-five days after the end of each calendar quarter, each licensee shall submit to the superintendent of financial institutions all of the following in the form prescribed by the superintendent:(1) The licensee's unaudited, unconsolidated financial statements as of the end of the calendar quarter, including a balance sheet, income statement, statement of changes in shareholder's equity, and statement of cash flows;(2) A statement for the calendar quarter of the number of money transmission transactions undertaken by the licensee in this state and in the United States in total, the dollar amount of those transactions, and the number and dollar amount of those transactions currently outstanding;(3) A schedule of the licensee's permissible investments and their market values as of the end of the calendar quarter;(4) A schedule of the locations, if any, within this state at which the licensee is conducting business directly or through its authorized delegates;(5) Any other information that the superintendent requires.(B) Annually, not more than one hundred twenty days after the end of its fiscal year, each licensee shall submit to the superintendent its audited unconsolidated financial statements for the fiscal year, including a balance sheet, income statement, statement of changes in shareholder equity, and statement of cash flows. If the licensee is a subsidiary of another company, the licensee also shall submit the audited consolidated financial statements of its parent company.(C) No licensee shall fail to comply with this section.
Ohio Rev Code § 1315.081 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.081 | Written Report of Specified Events.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|(A) Within fifteen business days after the occurrence of any of the events listed below, a licensee shall file a written report with the superintendent describing the event and its expected impact on the licensee's activities in the state:(1) Any material changes in information provided in a licensee's application or any report submitted to the superintendent under sections 1315.01 to 1315.18 of the Revised Code;(2) The licensee's filing for bankruptcy or reorganization;(3) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensee's money transmission activities;(4) Any felony indictment of the licensee, or any of its controlling persons, directors, officers, or employees, related to money transmission activities;(5) Any felony conviction of the licensee, or any of its controlling persons, directors, officers, or employees, related to money transmission activities;(6) Any proposed change of control of the licensee;(7) The licensee's decision to voluntarily surrender or not to renew a money transmitter license it holds in another jurisdiction.(B)(1) No person shall make a false statement, misrepresentation, or false certification to the division of financial institutions or in a record filed or required to be maintained under sections 1315.01 to 1315.18 of the Revised Code or make a false entry or omit a material entry in a record filed or required to be maintained under sections 1315.01 to 1315.18 of the Revised Code or made available to the division.(2) No licensee shall fail to comply with this section.
Ohio Rev Code § 1315.09 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.09 | Records Required to Be Kept.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|(A) Each licensee shall make, keep, and preserve with respect to the licensee the following books, accounts, and other records for a period of five years to be open to inspection by the superintendent of financial institutions:(1) A record or records of each money transmission transaction;(2) A general ledger containing all assets, liabilities, capital, income, and expense accounts, posted at least monthly;(3) All bank statements and bank reconciliation records;(4) A record of all outstandings;(5) A record of all payments made;(6) The names and addresses of all authorized delegates of the licensee;(7) Any other records that the superintendent requires.(B) For purposes of this section, a licensee may retain a document, paper, or other instrument or record by use of a process to record, copy, photograph, or store a representation of the original document, paper, or other instrument or record, if all of the following apply:(1) The process correctly and accurately copies or reproduces, or provides a means for correctly and accurately copying or reproducing, the original document, paper, or other instrument or record with regard to both its substance and appearance, except that the copy or reproduction need not reflect the original paper or other medium, size, or color, unless the medium, size, or color is necessary to establish the authenticity of the original.(2) The process does not permit the recording, copy, photographic image, or stored representation of the original document, paper, or other instrument or record to be altered or manipulated.(3) The medium the process uses to record, copy, photograph, or store a representation of an original document, paper, or other instrument or record is a durable medium for retaining and reproducing records.(C) A licensee may maintain its records described in division (A) of this section at a location other than within this state, so long as the licensee makes its records accessible to the superintendent on seven business days written notice.(D) No licensee shall fail to comply with this section.
Ohio Rev Code § 1315.101 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.101 | Approval of Application for Control Acquisition.

Effective: October 9, 2021|Latest Legislation:  House Bill 263 - 133rd General Assembly|(A) After accepting an application to acquire control of a licensee described in section 1315.10 of the Revised Code, the superintendent of financial institutions shall examine all of the facts and circumstances relating to the application. (B) The superintendent shall approve the application described in division (A) of this section if the superintendent determines both of the following: (1) The competence and experience of the applicant or applicants seeking to acquire control of a licensee and the applicant's or applicants' general fitness to operate the licensee or person in control of the licensee in a lawful and proper manner are acceptable. (2) The interests of the public are not jeopardized by the change of control. Last updated October 9, 2021 at 5:19 AM
Ohio Rev Code § 1315.11 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.11 | Conduct of Activities Through Authorized Delegate.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|(A) A licensee that chooses to conduct money transmission activities in this state through an authorized delegate shall execute an express written contract with the authorized delegate that, at a minimum, sets forth all of the following:(1) The duties and responsibilities of the authorized delegate regarding money or its equivalent received from persons located in this state for transmission by the licensee;(2) The duties and responsibilities of the authorized delegate regarding instruments, devices, or processes used by the licensee to transmit money;(3) The duties and responsibilities of the authorized delegate with regard to compliance with laws regulating money transmission activities.(B) A licensee shall monitor the activities of its authorized delegate with regard to money or its equivalent received from persons in this state for transmission by the licensee and for compliance with all of the following:(1) The written contract between the licensee and the authorized delegate;(2) Sections 1315.01 to 1315.18 of the Revised Code;(3) Other laws applicable to the business of transmitting money.(C) As part of the examination of a licensee authorized by section 1315.12 of the Revised Code, the superintendent of financial institutions may examine the books and records and policies and procedures of the licensee's authorized delegate.(D)(1) An authorized delegate or other person that receives money or its equivalent for transmission by a licensee shall keep it separate and shall not commingle it with other money or receipts. All money or its equivalent, less fees, that is received by an authorized delegate or by any other person for transmission by a licensee, from the time received until remitted to the licensee, shall constitute funds owned by and belonging to the licensee and shall be impressed with a trust for the benefit of the person from which the money or its equivalent is received.(2) If an authorized delegate or other person fails to comply with division (D)(1) of this section and commingles any money or its equivalent received for transmission by a licensee with any other funds or property owned or controlled by the authorized delegate or other person, all commingled proceeds and other property shall be impressed with a trust in favor of the licensee in an amount equal to the amount due the licensee.(E) No licensee shall fail to comply with division (A) or (B) of this section, and no authorized delegate or other person that receives money or its equivalent for transmission by a licensee shall fail to comply with division (D) of this section.
Ohio Rev Code § 1315.12 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.12 | Examination of Records and Affairs of Licensee.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|(A) As often as the superintendent of financial institutions considers necessary, the superintendent, or any deputy or examiner appointed or any contractor engaged by the superintendent for that purpose, thoroughly shall examine the records and affairs of each licensee. The examination shall include a review of all of the following:(1) Compliance with law;(2) Safety and soundness;(3) Other matters that the superintendent determines.(B) The superintendent may conduct all aspects of an examination described in division (A) of this section concurrently or may divide the examination into constituent parts and conduct them at various times.(C)(1) The licensee shall bear the expense of the examination. If the superintendent requests, the licensee shall advance to the superintendent the superintendent's estimate of the cost of the examination, with any unconsumed portion to be returned to the licensee.(2) A licensee shall pay the cost of its examination conducted pursuant to this section, or any balance of the cost of its examination in the case of a licensee that advanced the estimated cost of its examination, within fourteen days of receiving an invoice for payment.(D) The superintendent shall preserve the report of each examination conducted pursuant to this section, including related correspondence received and copies of related correspondence sent, for twenty years after the examination date.
Ohio Rev Code § 1315.13 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.13 | Superintendent to Establish Fees.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|Annually, the superintendent shall establish both of the following:(A) The application fee for an application for a license to transmit money under section 1315.03 of the Revised Code;(B) An annual fee described in division (E) of section 1315.04 of the Revised Code for each licensee to carry on the business of a money transmitter. When establishing the annual fee for each licensee, the superintendent may consider the number of offices and authorized delegates the licensee has and the volume of business the licensee does in this state.
Ohio Rev Code § 1315.14 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.14 | Implementing Rules.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|The superintendent of financial institutions may adopt rules that, in the superintendent's judgment, are necessary or appropriate to carry out the purposes of sections 1315.01 to 1315.18 of the Revised Code.
Ohio Rev Code § 1315.141 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.141 | 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 financial institutions is required under sections 1315.01 to 1315.18 of the Revised Code, or under an order or supervisory action issued or taken under those sections, for a person to serve as an organizer, incorporator, director, executive officer, or controlling person of a licensee, or to otherwise have a substantial interest in or participate in the management of a licensee, the superintendent shall request the superintendent of the bureau of criminal identification and investigation, or a vendor approved by the bureau, to conduct a criminal records check based on the person's fingerprints in accordance with section 109.572 of the Revised Code. The superintendent of financial institutions shall request that criminal record information from the federal bureau of investigation be obtained as part of the criminal records check. Any fee required under division (C)(3) of section 109.572 of the Revised Code shall be paid by the person who is the subject of the request.
Ohio Rev Code § 1315.153 (2021)
2021 Ohio Revised Code|Title 13 | Commercial Transactions|Chapter 1315 | Transmitters of Money; Check-Cashing Businesses|Section 1315.153 | Injunctive Relief for Violation of Rc 1315.02.

Effective: April 6, 2007|Latest Legislation:  House Bill 454 - 126th General Assembly|If the superintendent of financial institutions has reason to believe that a person has violated or is violating section 1315.02 of the Revised Code, the superintendent may petition the court of common pleas of the county where the person's principal place of business or residence is located or, if the person's principal place of business or residence is not in this state, the court of common pleas of Franklin county for the issuance of a temporary restraining order or an injunction.