reglab/housing_qa huggingface dataset:
Ohio Rev Code § 1733.243 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.243 | Claims to Property in Safekeeping - Bond of Claimant.

Effective: September 11, 2008|Latest Legislation:  Senate Bill 247 - 127th General Assembly|If any claim is made to any share, share account, deposit, safe deposit box, property held in safekeeping, security, obligation, or other property in the credit union's possession or control, in whole or in part, by any person, including any member, depositor, individual, or group of individuals, without clear authority to draw on or exercise any right or control with respect to the property, the credit union is not required to recognize the claim without one of the following: (A) A court order, issued by a court of competent jurisdiction and served on the credit union, enjoining or restraining the credit union from taking any action with respect to the property or instructing the credit union to pay the balance of the account, provide access to the safe deposit box, or deliver the property as provided in the order;(B) A bond, provided by the person making the claim, in the form and amount and with sureties satisfactory to the credit union, indemnifying the credit union against any liabilities, loss, and expenses the credit union might incur because of its recognition of the claim or because of its refusal, due to the claim, to honor or recognize any right with respect to the property.
Ohio Rev Code § 1733.251 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.251 | Alternative Interest Rate.

Effective: April 14, 2006|Latest Legislation:  House Bill 81 - 126th General Assembly|(A) As an alternative to the interest permitted in division (C) of section 1733.25 of the Revised Code, a credit union may contract for and receive interest at any rate or rates agreed upon or consented to by the parties to the contract for the loan or other extension of credit, but not exceeding an annual percentage rate of twenty-five per cent.(B) The computation of the loan or other extension of credit balance on which interest is assessed and the method of compounding interest on the balance pursuant to this section shall be as agreed upon by the credit union and the member.
Ohio Rev Code § 1733.252 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.252 | Compliance With Secure and Fair Enforcement for Mortgage Licensing Act.

Effective: December 28, 2009|Latest Legislation:  Senate Bill 124 - 128th General Assembly|(A) As used in this section, "nationwide mortgage licensing system and registry" has the same meaning as in section 1322.01 of the Revised Code. (B) Subject to division (C) of this section, each credit union, the subsidiaries of the credit union, and the loan originators employed by the credit union, shall comply with the "Secure and Fair Enforcement for Mortgage Licensing Act of 2008," 122 Stat. 2810, 12 U.S.C. 5101, and register with the nationwide mortgage licensing system and registry.(C) Unless otherwise preempted by federal law, compliance by a credit union insured by a credit union share guaranty corporation established under Chapter 1761. of the Revised Code, the subsidiaries of the credit union, and the loan originators employed by the credit union shall be determined by rules adopted by the superintendent of financial institutions in accordance with Chapter 119. of the Revised Code. At a minimum, the rules shall require loan originators to furnish to the nationwide mortgage licensing system and registry information concerning the loan originator's identity and be consistent with the requirements for federally insured credit unions adopted by the national credit union administration pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act of 2008.
Ohio Rev Code § 1733.253 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.253 | Permissible Charges Under a Revolving Credit Agreement.

Effective: September 4, 2012|Latest Legislation:  House Bill 322 - 129th General Assembly|(A) As used in this section: (1) "Revolving credit agreement" means an agreement pursuant to which a credit union contemplates repeated transactions and the amount of credit that may be extended pursuant to the agreement is made available to the extent that any outstanding balance is repaid. "Revolving credit agreement" does not include an agreement secured by a residential mortgage.(2) "Residential mortgage" has the same meaning as in section 1109.181 of the Revised Code.(B) Notwithstanding any limitations contained in sections 1733.25, 1733.251, or any other section of the Revised Code, a credit union may charge interest, fees, and other charges under a revolving credit agreement at the same or lower rates or amounts that a credit union located in another state may charge its revolving credit customers in this state.
Ohio Rev Code § 1733.27 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.27 | Fiscal Year.

Effective: June 26, 1986|Latest Legislation:  House Bill 559 - 116th General Assembly|The accounting of all credit unions shall be on a calendar year basis unless otherwise authorized by the superintendent of credit unions.
Ohio Rev Code § 1733.28 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.28 | Financial Statement.

Effective: June 26, 1986|Latest Legislation:  House Bill 559 - 116th General Assembly|(A) At the annual meeting of members, or the meeting held in lieu thereof, every credit union shall present to its members a financial statement consisting of a balance sheet and a profit and loss statement in such form, and containing such items as shall be acceptable to the superintendent of credit unions.(B) The balance sheet required by division (A) of this section shall be as of the date not more than four months preceding the date of the meeting, and the profit and loss statement required by division (A) of this section shall be for a period commencing with the date marking the end of the period for which the last preceding statement of profit and loss required under this section was made and ending with the date of said balance sheet, or in the case of the first statement of profit and loss, from the incorporation of the credit union to the date of said balance sheet.(C) The financial statement shall have appended thereto an opinion signed by the supervisory audit committee or the auditor performing the function of the audit committee to the effect that the financial statement presents fairly the financial position of the credit union and the results of its operations in conformity with generally accepted accounting principles, as defined by the American institute of certified public accountants, which will include the requirements set forth in section 1733.31 of the Revised Code, applied on a basis consistent with that of the preceding period.(D) In addition to any member's right to inspect the books and records of the credit union as provided by law and upon the written request of any member made after notice of any such meeting has been given, the credit union, not later than the fifth day after receiving such request or the fifth day before such meeting, whichever is the later date, shall mail to such member a copy of the financial statement presented at such meeting.(E) The superintendent may exempt certain credit unions from the reporting practices promulgated by division (C) of this section, based on the credit union's total assets or other appropriate criteria.
Ohio Rev Code § 1733.29 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.29 | Permanent Records.

Effective: September 11, 2008|Latest Legislation:  Senate Bill 247 - 127th General Assembly|(A) A credit union shall keep a permanent record including: (1) The original articles and regulations and amendments thereto and any amended articles or regulations and amendments thereto, all bearing the approval of the superintendent of credit unions, and the articles shall bear the certification of the secretary of state;(2) The minutes of the incorporators, members, and board of directors.(B) A credit union shall keep for a period of not less than six years the minutes of all committees of the board.(C) A credit union shall keep and maintain such financial records as the superintendent shall stipulate in rules issued by the superintendent, which shall also include the minimum length of time such records must be retained.(D) A credit union shall maintain an alphabetical listing or classified listing of the addresses of members of the credit union.(E) A credit union shall maintain a copy of any suspicious activity report it files pursuant to rules adopted by the superintendent or national credit union administration regulation, and the original of all attachments to the report, for a period of five years from the date the report is filed.(F) A credit union shall keep any other records of its business and transactions and maintain the authorized processes for recording or storing documents or instruments, as may be required by rules promulgated by the superintendent.(G) A credit union may keep documents in electronic form if, in the regular course of business, a credit union possesses, records, or generates any document, representation, image, reproduction, or combination thereof, of any agreement, transaction, act, occurrence, or event, then the recording, comprising, or reproduction shall have the same force and effect as one comprised, recorded, or created on paper or other tangible form by writing, typing, printing, or similar means.(H)(1) A credit union may make use of digital signatures in any communication, acknowledgment, agreement, or contract between a credit union and its member or any other person, in which a signature is required or used.(2)(a) Any party to the communication, acknowledgment, agreement, or contract may affix a signature by use of a digital signature.(b) The digital signature, when lawfully used by the person whose signature it purports to be, shall have the same force and effect as the use of a manual signature if it is unique to the person using it, is capable of verification, is under the sole control of the person using it, and is linked to data in such a manner that if the data are changed, the digital signature is invalidated.(c) Nothing in this section requires any credit union to use or permit the use of a digital signature.(d) As used in division (H) of this section, "digital signature" means an encrypted electronic identifier, created by computer, intended by the party using it to have the same force and effect as the use of a manual signature.
Ohio Rev Code § 1733.292 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.292 | Process for Retention of Documents - Approval - Use as Evidence.

Effective: September 11, 2008|Latest Legislation:  Senate Bill 247 - 127th General Assembly|(A) A credit union may, for any business purpose, 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 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) Any medium the process uses to record, copy, photograph, or store a representation of the original document, paper, or other instrument or record is a durable medium for retaining and reproducing records.(B) The superintendent of financial institutions shall identify and publish a list of processes that satisfy the conditions of division (A) of this section.(C) Each credit union that uses a process authorized by this section to preserve any of its records shall also provide for safekeeping and for examining, viewing, or projecting the records preserved, and for producing reproductions of the original records.(D) Recordings, copies, photographic images, or stored representations of original documents, papers, or other instruments or records made in accordance with this section, or reproductions of original documents, papers, or other instruments or records produced from recordings, copies, photographic images, or stored representations made in accordance with this section, when properly identified by the officer by whom or under whose supervision they were made or who has custody of them, have the same effect at law as the original records or records made by any other legally authorized means. They may be offered in the same manner and shall be received in evidence in any court where the original records, or records made by other legally authorized means, could have been introduced and received. Certified or authenticated duplicates of recordings, copies, photographic images, or stored representations of original documents, papers, or other instruments or records made in accordance with this section, or of reproductions of original documents, papers, or other instruments or records produced from recordings, copies, photographic images, or stored representations made in accordance with this section, shall be admitted in evidence in the same manner as the original documents, papers, or other instruments or records.
Ohio Rev Code § 1733.30 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.30 | Investments.

Effective: April 14, 2006|Latest Legislation:  House Bill 81 - 126th General Assembly|(A) A credit union may make any investment of any funds not required for the purpose of loans, in state or national banks or state or federally chartered savings and loan associations, savings banks, or credit unions, doing business in this state; in accounts, deposits, or shares of federally insured savings and loan associations or savings banks or insured credit unions, doing business outside this state; in deposits or accounts of federally insured banks, trust companies, and mutual savings banks doing business outside this state; in the shares of a corporate credit union subject to the regulations of that corporate credit union; in shares, stocks, or obligations of any other organization providing services that are associated with the routine operations of credit unions; or in United States government securities or municipal bonds issued by municipalities of this state; and, with the approval of the superintendent of credit unions, in securities other than those specified in this division. All investments under this division shall be made in United States dollars.(B) In accordance with rules adopted by, and subject to the approval of, the superintendent, notes or loans made by or to individual members of a credit union may be purchased by another credit union at such prices as may be agreed upon between the credit unions.(C) A corporate credit union may make investments provided the investments are in accordance with rules adopted by the superintendent, are consistent with the safety and soundness of the credit union, and are made with due regard to the investment requirements established by the applicable insurer recognized under section 1733.041 of the Revised Code.
Ohio Rev Code § 1733.321 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.321 | Credit Unions Fund.

Effective: September 30, 2021|Latest Legislation:  House Bill 110 - 134th General Assembly|All fees, charges, and forfeitures collected under this chapter shall be paid to the superintendent of financial institutions, who shall deposit them into the state treasury to the credit of the credit unions fund, which is hereby established, and may be expended or obligated by the superintendent for the defrayment of the costs of regulation of credit unions. All actual and necessary expenses incurred by the superintendent, including any services rendered by the department of commerce for the benefit of credit unions, shall be paid from the fund. The fund shall be assessed a proportionate share of the administrative costs of the department of commerce and the division of financial institutions. The proportionate share of the administrative costs of the division of financial institutions shall be determined in accordance with procedures prescribed by the superintendent. Such assessment shall be paid from the credit unions fund to the division of administration fund or the financial institutions fund. Last updated July 26, 2021 at 9:04 AM
Ohio Rev Code § 1733.322 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.322 | Requesting Outside Auditor to Review Results of Examination.

Effective: July 14, 1987|Latest Legislation:  Senate Bill 149 - 117th General Assembly|The superintendent of credit unions may request any outside auditor retained by a credit union that has been examined under section 1733.32 of the Revised Code to review, evaluate, and comment to the superintendent upon the results of the examination or re-examination conducted under that section, and in such an instance the credit union shall sign a waiver of confidentiality with regard to the outside auditor. The purpose of such review is to enable the outside auditor to assist the board of directors of the credit union in formulating a management response to any supervisory inquiry or action that may result from such examination or re-examination. If the outside auditor undertakes such a review, the expense of the review shall be paid by the credit union.
Ohio Rev Code § 1733.323 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.323 | Issuing Administrative Guidelines.

Effective: July 14, 1987|Latest Legislation:  Senate Bill 149 - 117th General Assembly|(A) The superintendent of credit unions may issue administrative guidelines which interpret the requirements of this chapter or which define specific acts, practices, or circumstances that are considered by the superintendent to be unsafe or unsound practices or that constitute a violation of any section of this chapter or any rule adopted thereunder.(B) The superintendent shall, at a minimum, issue guidelines pursuant to division (A) of this section which address the following:(1) Collateralization limits that apply to particular transactions;(2) All aspects of repurchase agreements and reverse repurchase agreements, including limitations on the amount of securities a credit union may assign as collateral for the amount of funds it receives from a securities dealer or broker, investment house, or other similar entity. In adopting these provisions, the superintendent shall give due consideration to rules governing the same subject that have been adopted by the national credit union administration and any other federal or state agency.(3) Requirements that securities assigned by a credit union as collateral for the amount of funds it receives, or assigned to a credit union as collateral for the funds it provides, remain or be placed in the possession of the credit union or a qualified trustee.
Ohio Rev Code § 1733.325 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.325 | Setting Supervisory Conference.

Effective: July 14, 1987|Latest Legislation:  Senate Bill 149 - 117th General Assembly|(A) If, at any time, the superintendent of credit unions has cause to believe that the actions or business practices of a credit union, its officers, or directors may cause harm to the credit union, its members or creditors, the superintendent may set a supervisory conference. The superintendent shall inform each director of the credit union of the date, time, and place of the supervisory conference. The directors of the credit union shall attend supervisory conferences set by the superintendent. Unless a director has a reasonable excuse for his refusal or failure to attend a supervisory conference, such refusal or failure shall be grounds for removal under section 1733.181 of the Revised Code.(B) At the supervisory conference, the superintendent shall inquire into the actions or business practices at issue. If it appears to the superintendent that such actions or business practices are likely to cause harm to the credit union, its members or creditors, the superintendent may negotiate and conclude an agreement with the credit union, its officers, or directors as to action that is to be taken by the credit union, its officers, or directors to correct or prevent the actions or business practices which are the subject of the supervisory conference. Such an agreement shall be reduced to writing as soon as possible after it is concluded, and may be modified or terminated by a subsequent agreement.(C) This section shall not be construed to mean that the superintendent cannot request a meeting with the management, board of directors, or agent of a credit union other than for the purpose of concluding a supervisory agreement.
Ohio Rev Code § 1733.326 (2021)
2021 Ohio Revised Code|Title 17 | Corporations-Partnerships|Chapter 1733 | Credit Unions|Section 1733.326 | Forfeiture and Civil Penalty for Noncompliance With Order or Agreement.

Effective: July 14, 1987|Latest Legislation:  Senate Bill 149 - 117th General Assembly|If a credit union or regulated individual fails to comply with any agreement concluded, or final or summary cease-and-desist order issued, under section 1733.324 or 1733.325 of the Revised Code, the superintendent may order the credit union or regulated individual to forfeit and pay a civil penalty in an amount fixed by the superintendent. The amount of the penalty shall be not more than ten thousand dollars for each day the noncompliance continues. In fixing the amount of a civil penalty, the superintendent shall consider all of the following factors:(A) The seriousness of the noncompliance and the gravity of the risk occasioned by the noncompliance;(B) The good faith efforts made by the credit union or regulated individual to perform his or its obligations under or otherwise to comply with the order;(C) The history of previous violations or unsafe or unsound practices by the credit union or regulated individual that resulted in the service of a notice under division (A)(1) of section 1733.324 of the Revised Code;(D) The financial resources of the credit union or regulated individual against whom the penalty is being assessed;(E) Any other matters as justice may require.If a credit union or regulated individual fails to pay a forfeiture assessed under this section, the superintendent shall bring a civil action to collect the forfeiture.A regulated individual is personally liable for the payment of any civil penalty that is assessed against him under this section. No credit union that employs a regulated individual, or of which a regulated individual is a director or officer shall pay, or cause to be paid, on behalf of the regulated individual, or indemnify or otherwise reimburse the regulated individual for paying, any civil penalty that has been assessed against that regulated individual.